China has confirmed that it has detained two Canadian men in what appears to be retaliation for the arrest of Huawei’s chief financial officer.

The US Senate has passed a resolution stating Crown Prince Mohammed bin Salman is responsible for the killing of journalist Jamal Khashoggi.

Theresa May’s hopes of getting EU leaders to help her push her Brexit deal through parliament have been dealt a severe blow as she prepares to return home and face her party.

The UK’s big four auditors will next week face an unprecedented move to limit their market share and allow smaller rivals to gatecrash their self-confessed oligopoly as regulators shake up a sector rattled by a string of corporate collapses.

Mike Ashley has been rebuffed by Debenhams after he offered a £40m loan to bail out the struggling department store amid speculation it had “zero chance of survival”.


Brexit uncertainty has pushed a key measure of the housing market to a six-year low, according to surveyors.

Shares in Superdry have plunged by more than a third after it issued its second profit warning in less than two months – blaming mild weather for a potential £22m hit to its bottom line.


GreenOak to prepare new $1.1 billion real estate fund

GreenOak to prepare new $1.1 billion real estate fund

The company has started talking to investors about a plan to raise the amount to invest in European properties like warehouses, offices and homes

The principally New York and London based real estate private equity firm will formally start raising money for its third fund in the first quarter of 2019—less than a year after wrapping up the fundraising for a $746mn pool called GreenOak Europe II LP, stated people close to the merger, who refused to be identified.

The latest fund will have a similar focus to its predecessor, which has invested in real estate in Western Europe. The speed of the follow-on fund reflects the firm’s preference for raising smaller pools of capital and investing them fairly quickly, particularly because many markets in its area of focus are mature, said one of the people.

Founded in 2010 by a trio of Morgan Stanley veterans, GreenOak runs both equity and debt funds in the US, Europe and Asia. The firm’s second European fund is now about 70% invested and will likely be fully committed by 2019. The fund has also completed a deal to buy 22 warehouses in France and Spain, which span about 1.8 million square meters in September.

A representative for GreenOak declined to comment.

The shift to e-commerce, which has boosted warehouse rents and values in both the US and UK, is prompting opportunistic investors to buy and build in parts of Europe where online shopping has yet to take hold to the same degree. Such funds are luring pensions and insurance funds that are seeking to shift their allocations from retail properties that have been hurt by store closures and falling rents.

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