Robin Marriott
Jeppe de Boer has left Goldman Sachs for Renaissance Capital, stating that markets such as Russia continue to show huge appetite for development.
An Israeli-led consortium revealed today it has terminated an agreement to buy a package of Swiss properties in a clear example of how large property deals are failing to get done in the wake of the recent credit crunch and fears that commercial property values are falling.
The US investment firm that took over troubled Austrian bank Bawag-PSK in May is now selling a property package that belonged to its new acquisition.
INREV says the termination of ’first generation funds’ will release €49.5bn of real estate into the market in 2009 and 2010.
Amid reports that the Blackstone Group is considering a flotation of restaurant group Tragus, a new report reveals that private equity firms are now the most active investors in UK leisure property.
A recent report by Eurohypo says private equity firms are driving the market by using real estate to finance acquisitions.
The private equity real estate firm has signed a pre-let with Zurich Italia in what has been billed as the most important leasing transaction in Italy in the last five years.