Institutional Real Estate Newsline
November 21, 2011: Vol. 19, Number 47Buy For $65.00 Add to Cart
Admiral Capital Real Estate Fund Acquires Equity Interest in Hilton Garden Inn
The Admiral Capital Real Estate Fund, managed by Admiral Capital Group, has acquired an equity interest in the Hilton Garden Inn, a select service hotel located in Houston.
CITIC Raises $225 Million in First Close
CITIC Capital Holdings has plans to raise $600 million for a fourth property fund, CITIC Capital China Retail Properties Investment Fund IV, to invest in second- and third-tier Chinese cities through acquisitions and co-investments, with a high proportion targeting the retail sector.
Cofinimmo Launches €500 Million Healthcare JV
The Orpea group, a French operator in healthcare for elderly and other medically dependent patients, and Cofinimmo, a listed Belgian property company specializing in property for rent in the healthcare sector in Belgium and France, have partnered to launch a new healthcare property unit, which will target a size of up to €500 million ($675 million) during the next five years.
Norges Bank and AXA Acquire Paris Office Portfolio for €290 Million
A joint venture between Norges Bank Investment Management, which manages the Norwegian Government Pension Fund – Global, and AXA Real Estate Investment Managers, acting on behalf of AXA France Insurance Cos., has purchased a portfolio of prime Paris offices for €290 million ($391 million).
NVCommercial Holds First Closing of Opportunity Fund
NVCommercial, a commercial real estate investor, developer and owner, has held a first closing of its NVCommercial Real Estate Fund I with approximately $25 million of equity commitments.