Morgan Stanley Real Estate Investing, the real estate investment management arm of the US bank, has agreed to sell Executive Offices Group to Queensgate Investments, the London-based company started by Jason Kow which announced last year it had £500 million of equity from family officers to deploy.
The investment management business of UK insurer Aviva and its investment partners have called time on their investment in West End development PaddingtonCentral, selling the multi-building asset to London-listed REIT British Land.
Finding the right partner – one you can trust – is a factor one cannot do without in real estate investment in China, delegates heard at the PERE Forum: China 2013 in Beijing.
Terence Tang becomes the third senior executive at Invesco Real Estate’s Asia platform inherited from its acquisition of AIG Real Estate’s Asia business to depart. He joins the property services firm as it embarks on ‘a strategic move to set a new scene’.
The London-based private equity firm has shelved plans for a €1.1 billion initial public offering of its German residential property company, Deutsche Annington Immobilien amid ‘adverse market conditions’.
Neil Odom-Haslett joins from Deutsche Pfandbriefbank to lead a push into real estate lending in the UK.
Private equity giant TPG Capital has placed real estate among its top three investment strategies. Kelvin Davis, who oversees the firm’s real estate activities, explains the mission in an abridged version of this month’s Blueprint interview in PERE magazine.
Jonah Sonnenborn has left the New York-based private equity real estate firm and now will be in charge of making property investments on behalf of one of the world’s wealthiest billionaires.
Through its venture with Canyon Capital, the $260 billion state pension system has made its first two investments in early-stage real estate managers, which are expected to result in $60 million to $100 million in acquisitions by each firm.
Moore joins as European head of strategic partnerships from CBRE, coincidently the destination of the role’s previous incumbent Chris Brett, who left in February.