RREEF’s infrastructure division has reportedly reached the final stage in the auction of UK recycling and waste management firm Cory Environmental.
The private equity real estate firm has joined forces with French billionaire Bernard Arnault to purchase approximately 10 percent of the French supermarket chain.
The property developer has raised the largest ever pan-European private equity real estate fund sponsored by a Spanish firm.
San Mateo, California-based private equity real estate firm Stockbridge Funds is working with Los Angeles-based SBE Entertainment to acquire and renovate the Sahara Hotel and Casino on the Las Vegas Strip.
The London start-up strikes its second big deal since launching last year via a deal with French hotel giant Accor.
Fresh from its $39bn take-private of US Reit, Equity Office Properties, Blackstone becomes the world’s second largest operator of tourist attractions and theme parks with its acquisition of the famous Tussauds waxwork museum group.
The London-based firm has closed its largest fund to date after receiving commitments of nearly €900m, almost three times the size of its previous vehicle.
According to proprietary data from Private Equity Real Estate magazine, last year’s record fundraising looks set to continue in 2007.
EQT, the regional buyout firm, has bought Scandic Hotels from Hilton Hotels for more than €800m.
Nikko Principal Investments has sold UK firm RoadChef to an Israeli real estate group for £375 m. Nikko had owned the motorway service station chain for nearly ten years.