The Stockholm-based firm is launching a retail fund in the belief that rental growth from shops in Europe will be superior to offices.
Sam Zell recently made headlines when Equity Office was acquired in the largest private equity real estate deal ever. But Zell has been making headlines for the past 40 years. Always opinionated, never boring, Zell sat down with PERE for an interview earlier this year.
Though details remain sketchy, the private equity firm will need to secure additional capital in order to fund the $3.2 billion equity check for Equity Office.
The US property investment management firm is stepping up its European activities with two new fund of fund launches as the product gains in popularity.
The US buyout firm is taking over Sam Zell’s US real estate investment trust Equity Office Properties Trust amid warnings that the collapse of the large buyout in all sectors of private equity is “inevitable”.
Hotel veteran William Reynolds will lead the company’s acquisition and development efforts.
Fresh from a post at GE Real Estate, Tom Wagner will join the real estate investment division of Cerberus as a managing director.
An infrastructure consortium including Credit Suisse and GE Infrastructure has paid a reported €750m to acquire London City Airport.
The New York-based private equity real estate firm has provided $90m in mezzanine financing to the conversion of a former bank headquarters in Manhattan.
This is the second multi-family investment in the market for the Philadelphia-based investment manager.