Jonathan Brasse
Jonathan Brasse is the Senior Editor, Real Estate for PEI Media’s real estate publications. He oversees the editorial output and leads the reporting team behind the sector-leading private real estate publication PERE as well as Real Estate Capital, the group’s real estate credit markets publication. Jonathan joined PEI in 2009 from UK commercial property magazine Property Week where he oversaw international news and analysis coverage.
Merlin Entertainment, the theme park operator acquired by The Blackstone Group for $2.5bn in 2005, is to develop a Legoland park in Florida.
Sheikh Ahmed bin Zayed Al Nahayan, managing director of the Abu Dhabi Investment Authority, has reportedly gone missing after a glider he was in crashed in Morocco on Friday.
The government of the emirate said it would provide $9.5bn of funding to help recapitalise Dubai World.
The private equity and real estate giant is reportedly to offload a majority share of its £1.4 billion (€1.56 billion; $2.1 billion) UK leisure business, Center Parcs.
Shuaa Capital Saudi Arabia, a subsidiary of Dubai-based Shuaa Capital, has completed a land acquisition on behalf of its Shuaa Hospitality Fund. According to an announcement by the firm, the deal is the “first of its kind” in the country.
Leon Black’s Apollo Global Management has been chosen as the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup.
Istithmar World Capital, the private equity arm of the embattled state-owned real estate and ports conglomerate, has handed back the Knickerbocker Hotel site near the heart of Times Square to lender Deutsche Bank.
From a plan hatched in 2006, the sovereign wealth fund’s Real Estate Department (RED) has laid the foundations for a more direct real estate investment strategy that will see it assume more control over its capital outlays.
It is no secret that the emirate of Abu Dhabi controls arguably the largest sovereign wealth fund in the world. Less well known are the ambitions and formidable human resources that the Abu Dhabi Investment Authority is developing for real estate investment. PERE was recently afforded an exclusive access-all-areas tour and briefing on the evolving strategy of one of the world’s most capital-rich property investors. PERE Magazine, March 2010 issue.
Having just set up his own platform, Asia investment veteran Grant Kelley, has opted instead to back a bigger horse. PERE Magazine, March 2010 issue.