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.
The Wall Street giant is set to sell its 44.7% position in Accordia, the golf course operator it originally acquired in 2001.
ING Real Estate Investment Management has agreed the sale of its A$2.5 billion Australian Securities Exchange-listed industrial fund to a consortium of buyers led by Sydney-based Goodman Group. The sale is the latest in a string of real estate offloads by Dutch parent company ING.
TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based private equity titan has been steadily increasing its exposure to the sector.
Morgan Stanley Capital Korea, the real estate investment entity responsible for managing the Korea acquisitions on behalf of the Morgan Stanley Real Estate Funds, is to close by the end of the year, as the firm’s investing strategy in Asia shifts.
A $400bn-plus Norwegian sovereign wealth fund has been urged to increase its exposure to riskier assets including infrastructure, but should be ‘circumspect’ about private equity.
It’s third time lucky for Lone Star as the Dallas-based private equity and real estate giant once again seeks an exit from the Korean bank.
The mid-market private equity firm has acquired Tinsa for €100m.
Indiareit reputedly is courting interest from potential buyers. PERE Magazine November issue 2010.
Australia’s A$69bn Future Fund has continued to grow its real estate exposure, reporting increased assets of 1.2 percent to A$3.4 billion from the six months to 30 September. According to the fund’s annual report released today further increases to real estate and other “tangibles” are planned.
Land Securities, the UK’s largest real estate developer, and Canary Wharf Group, owner of assets in Canary Wharf, today announced a joint venture to build a 690,000 square foot office in the City of London. The Financial Times reported the building would be backed by sovereign wealth from China Investment Council and Qatar Holdings.