Stuart Feffer, LaCrosse Global Fund Services co-chief executive officer

LaCrosse to acquire BofA Merrill Lynch’s global fund administration business

LaCrosse Global Fund Services has agreed to acquire the global alternative fund administration business of Bank of America Merrill Lynch, subject to regulatory approval.  »


Cameron McVean, head of fund indices at IPD

Pooled property funds outperform direct market by almost 500 basis points

UK pooled property funds have delivered a 22.9 per cent annual total return over the 12 months to the end of the second quarter, as measured by the IPD UK Pooled Property Fund Indices. »


Cayman Islands map

The BMB Group denies Club Med deal

The BMB Group, headquartered in the Cayman Islands, has denied claims by the UK-based Sunday Times that it is expected to table an offer for Paris-listed Club Med that would value the company at EUR800m. »


Paris

CBRE Investors acquires industrial asset in Paris for EUR15.2m

The CB Richard Ellis Investors Pan European Core Fund has acquired a light industrial asset in Paris Nord 2 for EUR15.2m from Sophia GE, an affiliate of GE Real Estate. »


Mark D. Engstrom, executive vice president of acquisitions for Healthcare Trust of America

Healthcare Trust of America acquires medical office building in Georgia

Healthcare Trust of America, a self-managed, non-traded, real estate investment trust, has acquired a medical office building located in Stockbridge, Georgia for approximately USD8,140,000. »


UK map

Rockspring acquires GBP74.8m of property in the UK

Rockspring Property Investment Managers has acquired four properties totalling GBP74.8m in London WC1, Shardlow in Derbyshire, Cardiff and Swindon. »


Robert Milner and Simon Marks, Carey Olsen

Two new corporate and finance partners at Carey Olsen

Channel Islands law firm Carey Olsen has promoted Robert Milner and Simon Marks to partner in the Jersey corporate and finance practice area. »


Numbers and magnifying glass

MPO property portfolio value rises by 1.3 per cent

Macau Property Opportunities Fund has seen the value of its property portfolio increase by 1.3 per cent to USD313m. »


Pat Duncan, USAA Real Estate Company chairman and chief executive

US Industrial Reit III acquires GE Distribution Center in Florida

US Industrial Reit III has bought the General Electric Distribution Center located at 600 Whittaker Road in Jacksonville, Florida. »


Dominique Cerutti, president and deputy chief executive of NYSE Euronext

NYSE Euronext opens London-based securities market

NYSE Euronext has launched a London-based securities market, NYSE Euronext London, aimed at attracting international issuers looking to list in London. »


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