Regulation & Legal

The board of the Australian retailer has rejected the $12bn offer from a consortium of private equity firms including KKR, Blackstone and Bain Capital.

Starting from an NYU dorm room in the early 1980s, Joseph Sitt began purchasing property in the blighted neighborhoods of New York and converting them into inner-city shopping strips. Along the way, he built up his own retail chains, renovated outer-borough shopping centers and built Thor Equities into an investment firm with more than $2 billion invested in urban mixed-use strategies across the US. Thor, which closed its first commingled fund in 2004, recently purchased the Palmer House Hilton in downtown Chicago. Here Sitt speaks about urban retail, the need to think multi-dimensionally and the importance of a good sound system.

Italy's non-performing loan market rolls on while investors wait for a new wave of distressed real estate assets. By Robin Marriott

In a country better known for secret bank accounts and Rolex watches, Switzerland is now attracting investors keen on retail.

As real estate investment trusts expand throughout Asia, they're bringing more investors to the region—and more transparency. By Aaron Lovell

Europe's largest quoted private equity firm is set to devote more capital to Asian real estate in the wake of its maiden property deal.

The AIM has become the market of choice for real estate companies focused on Central and Eastern Europe. Can they all stay afloat? By Robin Marriott

Denver-based KSL Capital, a former KKR affiliate, has raised more than $1 bn for its first standalone real estate fund.

The Morristown, New Jersey-based opportunistic investor expects the fund, which has $600 million in buying power, to be fully invested within the next year.

North Asset Management defies skeptics by listing a €100m property fund focused on EU accession states.