Advisors

Having built a track record in Europe and the Middle East, the London-based placement agent has opened a New York outpost to take on North America.

Global property investment rose 16 percent in the past year through June and now stands at its highest level since 2008, according to a report from Cushman & Wakefield.

Fee standardisation advocates expect the reported cost of investments to rise in future, which may force some LPs to change their approach to private equity.

The New York-based advisory firm has formed a new company that will count Soros Fund Management and Pine Brook among its shareholders.

The Stockholm-based financial advisory and asset management firm anticipates €850 million will find its way into newly-designed sustainable real estate funds by mid-2016.

The merger creates a company with a total of $5 billion in revenue, 43,000 employees, more than 4.3 billion square feet under management, and $191 billion in transaction value.

Commercial real estate is moving towards being overpriced, said real estate research firm Situs RERC, in a second-quarter report.

The termination of the Boston-based fund manager’s mandate comes after the departure of four partners from the firm.

The London- and New York-based placement and investment advisory firm has hired a new senior capital raiser in real estate as it grows its overall business globally.

The combined company will be named Willis Towers Watson and have approximately 39,000 employees in over 120 countries, and pro forma revenue of approximately $8.2 billion.