Robin Marriott
The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.
The New York firm has raised an opportunity fund to acquire mortgage securities, structured products and other opportunities from the US mortgage market.
The founder and chairman of the Dublin-based firm Quinlan Private is stepping down this month. He has been gradually withdrawing his day-to-day involvement with the firm for at least a year and has been investing his personal wealth in property deals.
Capman has acquired a seven-storey building from Germany’s IVG Immobilien as it continues to invest Capman Real Estate Fund I, which targets properties in and around Helsinki.
The Sydney-based property company has formed a joint venture with Bank of Scotland lasting three years as part of efforts to put its financial future on a more secure footing.
The UK’s Universities Superannuation Scheme along with CP2, Gartmore Investments, Magellan Asset Management, New Jersey Division of Investment and rpmi Railpen Investments -which together own 4% of Spanish toll road operator Cintra - have signed a new shareholder agreement underlining "deep concerns" about plans to merge it with Cintra’s parent company, Ferrovial.
PERE looks at three deals - one good, one bad and one that has the potential to be both - and the reasons for their divergent turns of fate. RREEF's deal to acquire a $510m office in Beijing went badly thanks to a local seller who falsified due diligence materials. PERE July/August 2009
A wide-reaching directive affecting private equity real estate fund managers could be brought in by the end of the year, with onerous obligations. PERE July/August 2009
The cash infusion will help Goodman meet liabilities this year. The Australian property group says the agreement with CIC also envisages the pair working on a broader strategic relationship.
The German government has rejected a request from Arcandor for €650 million of assistance from the national rescue fund, which would have helped keep the owner of store group Karstadt afloat. RREEF teamed up with Italy’s Pirelli Real Estate, Generali and the Borletti Group last year to buy a 49 percent stake in Arcandor’s Karstadt real estate portfolio of 164 stores. Goldman Sachs owns the other 51 percent.