Khaleej Finance and Investment has partnered with Kuwait Investment Company and Kuwait Finance House to launch a Sharia-compliant private equity fund targeting real estate.
The US property fund manager has announced the acquisition of a Paris office block, which it plans to refurbish by the summer of 2009.
The two private equity firms have agreed to buy publicly traded Penn National Gaming, which owns 18 facilities in 14 US states.
BC Partners has bought Foxtons for approximately £400 million (€585 million, $790 million) after a six month bidding process.
Trammell Crow Meghraj, one of the largest privately held real estate services companies in India, has merged with Jones Lang LaSalle.
Global Infrastructure Partners, a venture between the two firms, has opened an office in Hong Kong and appointed a new partner to lead its Asian investment activities.
Joan Solotar, previously managing director and director of equity research at Bank of America Securities, will manage relations with Blackstone’s public investors.
Niam, the biggest private equity firm specializing in property in Northern Europe, has appointed Fredrik Jonsson to help drive the firm’s investments in the region.
Daniel Rigny has left the real estate asset management arm of Deutsche Bank as the firm reshuffles its European team.
The sale is the third German acquisition in a month for the UK-based firm, having invested a total of €143m in retail centers in that time.