The Australian Infrastructure Fund has divested its 35% stake in Victoria’s largest regional port for A$25m. The buyers were RREEF Infrastructure – which picked up 15%, increasing its ownership of the port to 50% – and Asciano, the port’s operator, which purchased the remaining 20%.
The Australian Infrastructure Fund has divested its 35% stake in Victoria’s largest regional port for A$25m. The buyers were RREEF Infrastructure – which picked up 15%, increasing its ownership of the port to 50% – and Asciano, the port’s operator, which purchased the remaining 20%.
The Australian Infrastructure Fund has divested its 35% stake in Victoria’s largest regional port for A$25m. The buyers were RREEF Infrastructure – which picked up 15%, increasing its ownership of the port to 50% – and Asciano, the port’s operator, which purchased the remaining 20%.
US financial institutions want to unload impaired assets as they have become more willing to take write-offs and are pushed by regulations, while European institutions are slowly moving toward de-leveraging, according to delegates at a recent industry conference.
The extraordinary tale of a huge Dutch real estate fraud, a warning by the country’s Central Bank over property valuations and how the Dutch office market could be hardest hit by the unwinding of German open-ended funds.
The bank’s Strategic Partners team sweetened terms on its fifth secondaries fund, including not only committed capital, but fees and expenses that must be paid back to LPs, plus an 8% return, before the GP collects carried interest.
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.
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.