The German government has rejected a request from Arcandor for €650 million of assistance from the national rescue fund, which would have helped keep the owner of store group Karstadt afloat. RREEF teamed up with Italy’s Pirelli Real Estate, Generali and the Borletti Group last year to buy a 49 percent stake in Arcandor’s Karstadt real estate portfolio of 164 stores. Goldman Sachs owns the other 51 percent.
2 min read · 08 February 2013
A debate is dividing the infrastructure community as to whether the $2.5bn Midway Airport deal fell apart because of bad timing or poor decision-making. Cezary Podkul weighs up the arguments.
10 min read · 08 February 2013
Why organisers of the 2012 Olympics will be celebrating as the London motorway upgrade secures finance
2 min read · 08 February 2013
Shareholders of the troubled German lender yesterday approved a government plan to nationalise the bank; JC Flowers has said it may take legal action to safeguard its investment.
2 min read · 08 February 2013
The deals of tomorrow will have a retro feel, writes Toby Mitchenall.
2 min read · 08 February 2013
Bernard Sheahan is the man behind the IFC’s new Infrastructure Crisis Facility: a $10bn pot of money that could lend to your project or invest in your next infrastructure fund. Cezary Podkul asked him about his vision for the facility, how investors can get access to it, and why it is of such critical importance at the current time
10 min read · 08 February 2013
EU policy to combat climate change and reduce fossil fuel has created great opportunities for infrastructure investors, write Angus Evers and Duncan Field.
5 min read · 08 February 2013
Shareholders of the troubled German lender today approved a government plan to nationalise the bank by means of a capital increase. JC Flowers said it will try to safeguard its investments including possibly taking ‘legal steps’.
2 min read · 08 February 2013
A new business has been established by Ric Lewis, former chief investment officer of AEW Europe and chief executive of Curzon Global Partners. Tristan Capital Partners will continue to manage two AEW vehicles.
1 min read · 08 February 2013
Colony is doing the unconventional again – considering an investment in a troubled developer in a part of Europe that has just posted its first fall in real estate markets in 10 years. PERE June 2009
3 min read · 08 February 2013
