The 2007 Ernst & Young Real Estate Private Equity Market Outlook painted a rosy picture of private equity real estate fundraising, but GPs who attended a breakfast meeting unveiling the results of the survey had mixed reviews on the investment climate.
The private equity real estate firm has acquired a stake in local real estate developer Shriram Properties, scant days after news emerged of Canadian pension fund manager Caisse’s plans to invest up to C$1.6bn in the country.
The Carlyle Group has hired Ellen Gonda, formerly a financial communications director at PR firm Brunswick Group, to lead its public relations efforts in North and South America. It is part of a larger expansion that will double the size of Carlyle’s global communications department.
The investment bank will take a five percent stake in Japan’s third-biggest beer maker as the two partner to expand their real estate holdings in the country.
Canadian pension fund manager Caisse de depot et placement du Quebec is reportedly looking to spend C$1.6bn on real estate in India in the next five years.
The firm has acquired two acres of land on the historic Brooklands motor racing circuit in Surrey, planning a 120 bedroom hotel next to the new Mercedes-Benz World entertainment complex.
Former Dubai Investment Group real estate chief Duncan Macaulay has joined Credit Suisse in Dubai to oversee its Middle East market.
A week after completing their $20bn buyout of Hilton, Blackstone has hired Chritopher Nassetta as the comany’s new president and CEO.
The Blackstone Group has recently opened an office in Tokyo, headed by Alan Miyasaki, who has moved over from New York to spearhead the group’s real estate investment activity.
With an eye toward the country’s rapidly expanding real estate market, CBRE has added three property pros to its lineup in greater China.