Robin Marriott

The US firm is teaming up with a subsidiary of Italian bank UniCredit in the hope of offering a range of real estate fund products in the country and amassing €5 billion of assets under management.

Completion of the deal with an enterprise value of €4.5bn comes four months after Italy’s Pirelli Real Estate and RREEF said they were among a quartet of investors buying a 49 percent stake in German department store joint venture.

The US private equity firm sees an opportunity in Japan amid moves by major banks to cut their exposure to property, according to a report.

Hypo Real Estate has provided a €46.9m loan to RREEF’s DB Real Estate Iberian Value Added fund to refinance the acquisition of the Penha Longa Hotel, Spa & Golf Resort.

One Equity’s packaging firm Schoeller Arca Systems, which counts Coca Cola and Heineken among its clients, has sold the two manufacturing facilities to NYSE-quoted real estate firm, W. P. Carey.

The seller of the interest has not been named, though Liquid Realty said the fund manager focuses on core office properties in the West End of London.

Leon Black’s Apollo Global Management looks to enter the real estate space.

Matthew Ryall is joining the German insurer to head up its multi-fund strategy. The appointment comes one week after Allianz unveiled Olivier Piani as its head of real estate.

The Ney York firm has confirmed its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.

The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.