Zoe Hughes

The Canadian pension has set aside an additional C$1.4bn to invest with opportunistic fund managers, and directly, targeting US and UK distressed real estate.

The German commercial real estate lender is the first private sector group to ask for help from Germany’s €500bn bailout fund as it waits for the arrival of a previously agreed €50bn rescue package.

The alternatives arm of Deutsche Bank has followed GIC Real Estate in buying a ‘significant minority’ interest in Rosen Real Estate Securities. The deal is expected to close by the end of the year.

The private equity real estate firm led by Barry Sternlicht is in talks with JJW Hotels to sell part of the Concorde Groupe portfolio in a deal worth around $2bn, according to media reports. The sale would include the Concorde Lafayette in Paris and the Hôtel Martinez in Cannes.

Apollo Real Estate Advisors has changed its name to Area Property Partners, effective from January next year, following Leon Black’s decision to expand his Apollo Global buyout shop into the real estate space.

The $16bn pension has invested more than $100m to three private equity funds, including Charterhouse’s latest European buyout fund, which has reportedly held a first close on €3.6bn.

The former vice president of Credit Suisse’s private equity operations, James Lambright – a specialist in real estate transactions – has been named the interim CIO of the US’ $700bn asset recovery programme.

Executives at the private equity real estate group are searching for a new sponsor for the firm’s latest opportunity fund, which closed on $3.2bn days before the investment bank collapsed. The stake is worth a reportedly $780m.

The private equity real estate arm of Jones Lang LaSalle is reportedly eyeing property bargains in Japan, China and Australia, after raising $3bn for its latest fund. People familiar with the matter told PERE, the fund has 80% capital left to invest.

The Boston-based private equity real estate arm of Fidelity Investments, run by Michael Elizondo, is seeking investor approval to spin out on its own.