The $1bn private equity fund will take advantage of surging demand for hotels in the major business and leisure districts of Asia by teaming with Carlson, the owner of several hotel brands including Radisson.
INREV says the termination of ’first generation funds’ will release €49.5bn of real estate into the market in 2009 and 2010.
Joining a growing number of firms setting their sights on the healthcare sector, LaSalle has reportedly purchased nine medical office buildings in New York state.
Lawrence Sperling has left Credit Suisse to head up Mercury’s efforts in the Asian real estate market.
In its second personnel addition in two weeks, the private equity real estate firm has hired Edward Bates, formerly of Orion Capital Managers.
As Japanese land prices continue to rise, Goldman Sachs has teamed with Aetos Capital to buy a Japanese company with a 179-strong property portfolio.
Tishman Speyer and Lehman Brothers have purchased Colorado-based REIT Archstone-Smith in one of the largest take-privates since Blackstone’s Equity Office acquisition in February.
J.E Roberts has named former GE Real Estate head Michael Pralle as the firm’s new president and chief operating officer.
Frontier Capital has brought in institutional investors for its second fund, which at $115 million is more than twice the size of the firm’s first vehicle.
Bill Hughes is to become managing director in charge of property at British insurer Legal & General, having left Deutsche Bank’s RREEF at the end of August.