Allianz has unveiled plans to combine fixed income investment manager PIMCO and Allianz Real Estate, a captive real estate specialist with more than EUR70 billion of assets under management.
Ropes & Gray has represented Dallas-based Ambridge Hospitality, an independent hotel management firm and a portfolio company of Advent International, in its entry into a definitive merger agreement with Interstate Hotels & Resorts, a leading independent multinational hotel operator.
Bentall Kennedy and GreenOak Real Estate (GreenOak) are to merge to form global real estate investment platform. The combined entity will be named Bentall GreenOak.
Paragon and Bond Davidson have merged to create a GBP22 million turnover building and project consultancy employing almost 200 people with offices in London, Esher, Manchester and Edinburgh.
Global real estate investment company Kennedy-Wilson Holdings has completed its merger with Kennedy Wilson Europe Real Estate, creating a real estate investment and asset management platform with an USD8 billion enterprise value.
David Boyle and Brad Beanblossom have formed NW1 Partners (NW1), a real estate investment advisory firm focused on small cap value-added property investments in the US, UK, and Europe.
Sabra Health Care REIT and Care Capital Properties are to combine in an all-stock merger which will create a combined company with a pro forma total market capitalisation of approximately USD7.4 billion and an equity market capitalisation of approximately USD4.3 billion.
Ogier is acting as legal adviser to Kennedy-Wilson (KW) in its all-share combination transaction with Kennedy Wilson Europe Real Estate, (KWE), an LSE listed property company that invests in direct real estate and real estate loans across the UK, Ireland, Spain and Italy.
FelCor Lodging Trust is to merge with and into a wholly-owned subsidiary of RLJ Lodging Trust in an all-stock transaction, creating a post-merger entity with a pro forma equity market capitalisation of approximately USD4.2 billion and a total enterprise value of USD7 billion.
Pace Holdings Corp, a special-purpose acquisition company sponsored by an affiliate of TPG, has completed its business combination with Playa Hotels & Resorts, an owner, operator and developer of all-inclusive resorts.