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.
UK home improvement firm, Focus DIY, is to offer its landlords incentives so its lenders agree to extend the term of its debt facility.
The New York-based alternative investment firm revealed it has closed on a deal to buy 1,200 home loans from Lehman Brothers’ Asia subsidiaries for its first ever Asia-focused fund.
FountainVest Partners, the private equity firm led by former Temasek Greater China head Frank Tang, is to invest $100m in convertible bonds and warrants issued by Henan province-focused developer Central China Real Estate.
Mark Neporent is alleged to have violated fidcuiary dutites at Kokusai Kogyo, a Cerberus-controlled JV. Cerberus has called the suit a means to pressure it to sell its stake.
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
Former Fannie Mae CEO Daniel Mudd will relieve Edens of day-to-day duties for the NYSE-listed private equity, real estate and hedge fund manager. It is part of a main board reshuffle aimed at enabling senior executives to focus more intently on the group’s existing and new investments.
Osaka-based development and fund management firm Sun Capital Management is exploring plans to develop a rival theme park in Osaka to Universal Studios Japan. the 20km site would include a five star hotel.
The planned takeover by Dallas-based Lone Star of Japan’s first failed REIT New City Residence Investment Corporation has been blocked by creditors after its restructuring proposal could not muster a majority vote.
One month after China’s government lifted a moratorium on mainland initial public offerings, state-controlled China State Construction and Engineering Corporation is preparing a flotation worth $5.9 billion.
As well as selling the management of its Asian Real Estate Opportunity Fund, the bank is also offering for sale the management of all the remaining assets in the region on its balance sheet.