Jonathan Brasse
The fund management business owned by property adviser Savills, creates global role to meet needs of its clients. Michael Flynn is made global head of institutional business just nine months after being hired by the firm to open its office in Singapore.
As Europe’s glitziest property-fest prepares to get under way next week, organisers say attendance levels will be a third lower than last year’s event.
Tokyo-based KK daVinci is reportedly in talks to sell three prime offices in the city. A sale would come hot-on-the-heels of the firm’s $142 million divestment of the Lietocourt Arx residential tower to Kuwait’s St Martins Group.
Despite posting a loss of $5.46 billion for 2008, the Finnish pension fund sees real estate outperform its other investment sectors.
Canada’s Caisse de depot et placement du Quebec suffered large falls in its real estate returns in 2008, with declines of 21.9%, the largest in its history. The pension fund is now seeking ways to stem future losses.
Singapore-based fund manager Pacific Star has started fundraising for a new fund aimed at making entity level investments in companies with credit shortages.
The London-based firm has appointed former Goldman Sach’s Whitehall Street funds executive director Philipp Braschel to lead the firm in Germany. Recent deals by Benson Elliot include the purchase of Düsseldorf’s Deutsch-Japanisches Center, and an investment in a performing mezzanine debt tranche.
The Danish firm says it wants to take advantage of tumbling property prices in both the direct and indirect real estate markets in the Nordics.
British property company Sovereign Land is teaming up with veteran broker Chris Geaves to take advantage of the country's pricing correction. The fund will particularly target shopping centres. Geaves will be 'winding down' his role at Strutt & Parker.
More than 250 expressions of interest from parties including private equity real estate firms have been received by the collapsed bank’s liquidators for its assts in Asia.