Jonathan Brasse
The NYSE-listed wealth management firm based in Shanghai plans to reach out to China’s high-net-worth families for a fund aimed at providing an alternative financing source for the country’s real estate developer.
AIG Global Real Estate, the one-time $40 billion real estate investment management business of credit crunch poster-boy American International Group, wants to be a real estate player again. It might just have the capacity for a comeback.
AIG Global Real Estate, the one-time $40 billion real estate investment management business of credit crunch poster-boy American International Group, wants to be a real estate player again. It might just have the capacity for a comeback.
AIG Global Real Estate, the one-time $40 billion real estate investment management business of credit crunch poster-boy American International Group, wants to be a real estate player again. It might just have the capacity for a comeback.
The European Commission has revised its conditions imposed on Germany’s Commerzbank with regard to its property lending unit Eurohypo. Instead of selling off the subsidiary and its €67 billion loan book, the bank will now be wound down and its assets separated into three divisions.
The investment bank’s private equity real estate platform is expected to raise a sequel fund to its 2008, $2.6bn GS Real Estate Mezzanine Partners that would target both US and European opportunities.
The New York-based investment and advisory firm has agreed to take control of €100 million of real estate loans from French bank Société Générale, which last year signalled a retreat from the sector.
Shortly after Lombard Street Research startled more than 350 delegates at the PERE Summit: Asia by forecasting real GDP growth in China of only 5 percent over the next decade, PERE pulled aside one GP with a focus on the country for his reaction.
NPS expects opportunity funds to play their part as it seeks to grow its property portfolio by $1.5 billion to $2 billion each year. PERE Magazine March 2012 issue.
The $288 billion National Pension Service of Korea is poised to commit $300m to Blackstone’s latest opportunity fund as part of a strategy to increase its exposure to higher return investments. A beauty parade to select two more opportunity funds is expected to follow.