The two firms are buying the property investment management platform of Cushman & Wakefield as they bid to grow a global platform that now has $20 billion AUM.
With the senior management of a number of firms approaching retirement age, succession planning has become a hot topic, but not every firm is proceeding accordingly.
The financial advisory and asset management firm saw the departure of a senior member of its real estate placement team about two weeks ago.
.jpg "Aetos re-signs Machida for MD role")
Minoru Machida has joined the Tokyo-based private equity real estate firm for the second time, this time as managing director responsible for sourcing and executing deals.
The US arm of the Hong Kong-based private equity real estate firm, led by former New Jersey Division of Investment director Tim Walsh, has recruited the pension plan’s real estate consultant.
The alternative assets venture capital firm headed by Robert Zulkoski has backed a private equity real estate firm aiming to partner with corporations looking to conform with South Africa’s black empowerment legislation.
.jpg "Housing Japan plots asset and fund management business")
The Tokyo-based real estate brokerage has launched a new business with view to raising private equity real estate funds.
Scott Brown, the former head of Americas at CBRE Global Multi Manager, will join Cornerstone as the firm’s new president.
Ng Chiang Ling will source deals in Singapore, Hong Kong and Australia for the real estate investment arm of UK insurer Prudential.
The Dallas-based private equity firm has promoted André Collin to the newly created position of president at the Dallas-based private equity firm, in what is being viewed as a possible succession plan move.