Graham Winfrey

Bankrupt REIT General Growth Properties is reportedly expecting Brookfield Asset Management to come up with a better recapitalisation plan for the US mall owner, after Simon Property Group introduced a rival offer with more ‘favourable’ terms.

Chairman and chief executive officer of ING Clarion Stephen Furnary said

The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.

Tower 42, London’s tallest occupied skyscraper, is reportedly up for sale this week by Hermes Real Estate and Blackrock’s UK property fund.

The university’s chief investment officer David Swensen is reportedly still enthusiastic about illiquid assets, which he says could benefit from an even greater investment allocation owing to legacy commitments.

Goldman Sachs’ Whitehall Funds and New York-based Cerberus Capital Management aim to raise a reported $187m for the German residential property company GSW Immobilien.

Fairmont Raffles Hotels International, the hospitality company taken private by Colony Capital and Kingdom Holding Company, is reportedly preparing to sell the legendary Raffles Hotel in Singapore to Qatari Diar. The Qatar sovereign wealth fund has yet to decide on the amount of money required to refurbish the colonial icon.

The London-based fund manager has held a first close on its core vehicle, the UK Property Income Fund, and hopes to raise a total of £500m. In order to entice interest, the fund will allow investors to choose their own amount of leverage.

The chief investment officer of ING Real Estate Select resigned at the end of March due to the multi manager’s relocation to the firm’s headquarters in The Hague.

USAA Real Estate has teamed up with Crimson Real Estate Advisors to launch the Crimson Real Estate Fund, targeting opportunities in key growth markets across the US.