Matilda Battersby

The Indian private equity firm is also reportedly on the verge of making a first close on its $800m Asian infrastructure growth fund.

Shopping centres and commercial property in the UK will plummet in development volume and value, according to CBRE and RICS. The amount of retail space being developed has fallen 40% in the past year, the fastest rate of decline since the 1990s.

Two unnamed European pensions have committed funds to the Luxemburg-based investment manager.

Dolphin Capital Investors, the listed arm of private equity real estate firm Dophin Capital Partners, has bought back 10 percent of its shares as part of a strategic investment slowdown.

The real estate investment arm of ING, a Dutch insurance group, has revealed it will reduce its UK headcount by 20% in a bid to cut costs.

The firm’s banking syndicate will provide temporary liquidity in an attempt to secure the future of the grossly indebted firm.

The subsidiary of property investment firm, aAIM Group, has gone into administration. aAIM Limited has been renamed JCCO.

The private equity real estate firm is to develop a large shopping centre in a region south of Bratislava. The investment is being in part through Quinlan's €400m European Strategic Real Estate Fund. The centre will cover up to 90 hectares.

First Atlantic Real Estate has sold two office properties in the Italian capital from its listed closed-ended fund, Berenice. The firm was taken over by private equity fund manager DeA Capital last summer, as it sought to expand into real estate.

The Marshall Real Estate Management Fund will target distressed late-stage construction projects and real estate in Moscow. The firm said assets were trading at 'considerable discount' thanks to the credit crunch.