Robin Marriott

A new business has been established by Ric Lewis, former chief investment officer of AEW Europe and chief executive of Curzon Global Partners. Tristan Capital Partners will continue to manage two AEW vehicles.

Colony is doing the unconventional again – considering an investment in a troubled developer in a part of Europe that has just posted its first fall in real estate markets in 10 years. PERE June 2009

Managing a private fund has gotten so tricky that one UK property company has gone public to avoid the headaches of dealing with LPs. PERE June 2009

PERE Magazine May 2009: Dallas-based Lone Star Funds is targeting Britain

Details have been revealed of Carlo Puri Negri’s compensation deal for leaving Pirelli Real Estate as a board director two years earlier than originally planned. As well as a €9.4 million pay off, he will get €3 million over two years for not competing against the company and €800,00 a year for a consultancy role.

Italy’s Pirelli group issued a flat denial today that it is contemplating the break up and sale of its real estate funds under management contrary to various press reports.

End of an era as Italy’s Pirelli Real Estate parts company with its charismatic vice president and chief executive, Carlo Puri Negri. Puri Negri says he hopes Pirelli will “emerge successfully” from the deep crisis in the property sector.

The Austrian firm, which has been selling direct property investments in recent times, is now closing on a large portfolio of private equity real estate fund secondaries interests. PERE Magazine, April 2009 issue

The alternative investment giant faces a slalom course of hazards from a 2006 Canadian ski resort investment and other boom-era real estate deals. PERE Magazine, April 2009 issue

DebtX, the US-based online seller of the €94m package of non-performing loans, says the UK and Spain will be the next countries to see non-performing loans sales. DebtX is also selling a smaller €14m NPL portfolio backed by assets in eastern Germany.