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Pictet Alternative Advisors launches Real Estate Capital - Elevation I fund

Tue, 23/04/2019 - 13:35

Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment company, has launched the Pictet Real Estate Capital – Elevation Fund I SCSp (Elevation I) for professional investors. »

NBG Pangaea REIC and Invel Real Estate acquire The Cyprus Tourism Development Public Company

Tue, 23/04/2019 - 13:13

Vibrana Holdings, which is owned by Pangaea (90 per cent) and Invel (10 per cent), has completed the acquisition of 98 per cent of the shares of The Cyprus Tourism Development Public Company Limited (CTDC) for a total consideration of EUR55.5 million. »

Queensgate Investments appoints Group Managing Director

Tue, 23/04/2019 - 13:12

Queensgate Investments has confirmed the appointment of Iain Morpeth as Group Managing Director. Morpeth will bring significant commercial, transactional and legal gravitas to Queensgate, a real estate investment firm which advises and manages approximately GBP 3 billion worth of assets through the suite of Queensgate Investments Funds. »

Octopus Healthcare raises over GBP58m for healthcare infrastructure real estate

Tue, 23/04/2019 - 13:11

Octopus Healthcare, a specialist UK healthcare real estate investor, has successfully raised GBP58.8 million on the back of growing demand from institutional investors for the asset class. The fundraise saw investment from both new and existing institutional investors. »

Drooms hosts major sale and leaseback deal in virtual data room arena for Nagel-Group, Tristan Fund and Barings

Tue, 23/04/2019 - 13:10

Drooms, an independent provider of secure cloud solutions in Europe, has supported a sale and leaseback transaction between logistics enterprise Nagel-Group, CCP5 LL, a fund advised by Tristan Capital Partners LLP and Barings. »

AEW appoints Head of Luxembourg

Tue, 23/04/2019 - 13:09

AEW has appointed Quentin Verschoren as Managing Director, Head of Luxembourg with immediate effect. Verschoren is based in Luxembourg and reports functionally to Luc Bordereau, Managing Director, Head of Fund Operations and Financing (for Paris & Luxembourg). »

Gulf Capital closes long-term AED500m revolving credit facility

Tue, 23/04/2019 - 12:57

Middle East alternative asset management firm Gulf Capital has successfully closed a new long-term AED500 million syndicated revolving credit facility from its existing lenders. »

TSP Value and Income Fund II raises USD200m

Tue, 23/04/2019 - 09:08

Transwestern Investment Group (TIG) has raised USD200 million for TSP Value and Income Fund II, a real estate investment fund that will follow the initial strategy of reducing volatility in the value-add space by focusing on current income while providing value creation. »

Andy Richard to join Evercore as Senior MD in New York Real Estate Practice

Tue, 23/04/2019 - 09:07

Evercore has appointed Andy Richard as a senior managing director in the firm’s Investment Banking business effective July. »

HFF arranges equity for 1629 Market Street in San Francisco

Fri, 19/04/2019 - 12:27

HFF has arranged joint venture equity for the development of 1629 Market Street, a fully entitled, 420-unit multi-housing project in San Francisco, California. »