Troubles in the banking sector are expected to put further downward pressure on office pricing over the next two quarters, said appraisers.
Dexus’s and Collimate’s combined fund management platforms will include 39 vehicles across real estate and infrastructure.
A combination of the two Swiss banks’ businesses could cement UBS’s position as an industry behemoth both home and abroad.
A Credit Suisse and Trinity Investments JV is betting on a rebound in business travel in taking over the Diplomat Beach Resort.
The US manager will include UK offices in the lending strategy of its incoming £1.4bn debt fund.
The sale of a stake in The Westin Paris – Vendome to joint venture partner Dubai Holding sees Nick Weber’s London-based firm sell out from one of its first significant investments.
M&A blocks
The New York-based capital advisory firm believes an increase in corporate transactions is in the offing, despite pressure on sale multiples.
The $835m sale of the Hollywood, Florida hotel was necessary because the firm was harvesting exits for its first global opportunity fund, which is being wound up.
The Canadian investor will be partnering with Singapore's Mapletree for the first time to invest in the country.
A street scene outside Blackstone's offices in New York
The US endowment's commitment into the manager’s BREIT fund announced last week is a 'win-win' for both sides and an absolute 'home run’ thanks to the extra liquidity and flexibility it provides, Nadeem Meghji, Blackstone’s head of real estate Americas, told PERE.
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