Robin Marriott
Chad Pike, senior managing director and co-head of real estate at The Blackstone Group, said a ‘long, steady flow of deals was inevitable’, as he revealed the firm was about to close on a deal in Germany that went into bankruptcy in 2008.
Prudential has tested Europe’s appetite for mezzanine debt vehicles, raising the largest dedicated fund in the region so far. PERE Magazine, June 2011 issue
Grey hair, no hair, connected or just plain smart, senior specialist consultants are in demand by institutional investors. PERE Magazine, June 2011 issue
Centre Point, the famous London landmark, has been sold again to private equity-style investors. PERE Magazine, June 2011 issue
London-based Mountgrange has teamed up with partners at residential specialist Pluto Capital for a fund aiming to supply £50m of mezzanine loans to help finance residential developments in London and the South East of England. The firm said that the vehicle was the first of its kind in the residential sector.
Alabama-based alternatives asset management firm Harbert Management Corporation has raised €110m for its Harbert European Real Estate Fund III fund. The firm is expected to close fundraising for the vehicle later this year.
New players enter the European real estate finance market as some established lenders pare back. PERE Magazine, April 2011 issue
The annual property show in the south of France has been rocked by the arrests of two high-profile UK property entrepreneurs.
Widespread concern about sovereign debt and currency strength have not prevented real estate investors from making select investments throughout the Continent. PERE magazine, March 2011 issue.
Spain’s macroeconomic problems have put off many real estate investors, but some hardy firms have managed to find attractive situations to invest in. PERE Magazine February 2011 issue.