Robin Marriott

Private equity interest in the Silverburn mall comes to nothing as nationalised Lloyds Banking Group sells a shopping centre to European real estate investor Hammerson and Canadian pension, CPPIB.

The firm has closed Orion European Real Estate Fund III having committed €300 million of equity so far.

John Pattar, CLSA Capital Partners' managing director and head of the property fund Fudo Capital, says despite the ‘challenging fundraising environment’, its vehicle Fudo II has continued to attract a broad range of investors.

There have been a number of institutional portfolio changes over the last 12 months affecting the real estate allocation. Here is a selection of some of them, beginning with the most recent. PERE magazine December 2009-January 2010 issue

London-based smaller companies investor Acuity looks to raise £100m for a vehicle predicated on local authorities having to meet government targets on organic waste recycling.

The majority acquisition of the Lloyd Center in Portland, Oregon and WestShore Plaza in Tampa, Florida, is financed by $218 million of existing mortgage loans on the properties.

PEI Media’s sister publication, PERE magazine, recent sat down to speak with Keith O’Donnell, the global head of real estate at Taxand, to discuss the grand tax themes shaping the industry. From crackdowns on abuse of tax treaties to attacks on interest deductibility of intra-company loans and the taxation of debt investments, there is plenty to concern private fund managers.

GI Partners’ European managing director Mark Tagliaferri on the firm’s $1.9bn fundraise and strategy

JC Flowers has carried out an earlier threat to litigate as Germany’s bailout fund attempts to squeeze out the remaining minority investor in Hypo Real Estate.

PERE's European editor Robin Marriott has just returned from Munich with some interesting notes on the secondaries market, and a briefing sheet from Landmark Partners.