Pacific Investment Management, the US fixed-income behemoth with $1.82 trillion in assets under management, has acquired five British shopping centres for its BRAVO fund, in conjunction with NewRiver Retail.
2 min read · 15 January 2013
Koc Holdings, UEM Group and Gozde offered $5.72bn yesterday for a 25-year concession to operate and maintain close to 2,000km of road across Turkey, including Istanbul’s two suspension bridges. The deal is the country’s second-largest privatisation.
2 min read · 15 January 2013
Toll road operators in southern Europe have been particularly hard hit, experiencing traffic falls of more than 10% this year. But the ratings agency warns that the crisis is also eroding ‘the core stability of the infrastructure sector’.
2 min read · 15 January 2013
Changes being considered by the UK government leading to a lower RPI could impact UK water companies through slower revenue and dividend growth, a mismatch between index-linked debt and the revised indicator, and even potential early bond redemptions, Moody’s warns.
2 min read · 15 January 2013
Parking has undergone resurgence in the US in 2012. Chris Glynn reports on how a once-maligned sector has had its credibility restored.
8 min read · 15 January 2013
Private debt fund manager Metric, launched by former UBS and Towerbrook executive John Sinik last year, has sealed another two deals as demand for alternative sources of debt finance increases.
2 min read · 15 January 2013
Ashurst’s Gonzalo Jimenez Blanco (pictured) and José María Anarte offer a legal perspective on the troubles affecting Spain’s roads sector.
6 min read · 15 January 2013
Three-and-a-half-years later, financial advisor Unicredit steered a club of 10 institutions to provide $960m of debt for an undersea tunnel and road linking Istanbul’s European and Asian sides. The icing on the cake: an 18-year door-to-door tenor, Turkey’s longest project financing.
2 min read · 15 January 2013
ICG’s listed real estate debt investment subsidiary has appointed Jack Perry as chairman of its new UK-focused investment vehicle.
2 min read · 15 January 2013
As the head of a firm that has just raised the largest fund the infrastructure asset class has ever seen, GIP’s Adebayo Ogunlesi has reaped the benefits of delivering on a strategy that countered many prevailing notions when it was first devised. Philip Borel caught up with Ogunlesi to reflect on the firm’s progress to date
10 min read · 15 January 2013
