Opportunistic real estate fund managers need to underwrite potential deals with no leverage assumptions in the current environment. For deals to be attractive unlevered returns must be at least 15%.
The global private equity firm will invest A$65m for a stake of 18 percent in the Australian waste management company and the remaining A$735m will be raised via an entitlement offer.
The global private equity firm will invest A$65m for a stake of 18% in the Australian waste management company and the remaining A$735m will be raised via an entitlement offer.
The Boston buyout firm may allow LPs in a private credit-opportunity fund to cancel participation if they agree instead to a planned $300m listed credit vehicle.
HSBC and KfW have arranged $235 million of financing for a new electricity generation plant in Costa Rica. The plant will be located at Garabito on the country’s Pacific coast and is expected to begin operations in 2011.
The Carlyle Group has reportedly submitted a bid for Australia's largest railway operator. TPG and GIP have been trying to buy the company since last year.
Property Investors’ president and CEO Roger Orf highlighted the increased availability of cheap commercial real estate debt packages as one of three investment opportunities of tomorrow at the PERE Forum: Europe.
While many investors are 'shell-shocked', Citi Property Investors’ president and CEO Roger Orf believes a trio of future investment opportunities offer up reasons for optimism. He said debt, residential and real estate securities could be 'silver linings'.
Citadel Capital-backed gas distributor TAQA Arabia won a $165m contract in Libya to build a gas distribution network linking the country’s three major cities. In Algeria, Japan’s JGC and a joint venture between Swiss engineering firm ABB and Algerian oil and gas construction firm Sarpi won contracts totalling $1.6bn for gas gathering, metering and pipeline facilities.
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.