The private equity real estate firm has acquired a portfolio of primarily New York City restaurants, as well as formed a joint venture with the restaurants’ owner, BR Guest, to develop new eateries for its hotel portfolio.
Shares in Sainsbury’s, a UK grocery chain at the center of a controversial £10bn private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
The New York private equity firm, in conjunction with Federal Capital Partners, is selling three properties and recapping another two to the tune of $405m.
Colony Capital’s Tom Barrack maintains the French supermarket giant is sitting on a property goldmine.
The Fortress-backed firm, which focuses on Southeast Europe, is acquiring Aristo Developmers for a total of €438m.
Shareholders in Partners Group, the Swiss alternative asset manager, are set for a €43 million payout after the company enjoyed a highly successful first year as a listed entity.
Nordic private equity firm CapMan has closed its second private real estate fund CapMan RE II with €150m in commitments.
Aberdeen Property Investors’ Asia-focused vehicle has $435m in commitments—and the firm hopes to announce a final close on $600m by the second quarter.
A New York Times editorial today decried the ‘wasteful gamesmanship’ that it claimed results from the low capital gains tax currently enjoyed by US general partners.
Seoul-headquartered Doran Capital has held a first closed on its Korean real estate fund, which looks to make value-added investments throughout the country.