New European real estate investment firm formed
Lend Lease Real Estate Investments of Atlanta and Trieste, Italy-based Assicurazioni Generali (Generali) have joined forces to form GLL Real Estate Partners. This joint venture was formed to build a European property investment and management company for European investors.
Article Tools
Latest News
Most Popular Articles
advertisement
Lend Lease, an affiliate of Sydney, Australia-based Lend Lease Corp., and Generali will each own 40% of the new venture, with the remaining 20% owned by members of the GLL management team. Based in Munich, Germany, GLL plans to raise funds from European institutions for commingled investments in real estate. The company plans to begin investing in 2001.
The GLL management team will be led by managing directors Gerd Kremer, Rainer Gobel and Dietmar Georg. The board and investment committee will include members from both Generali and Lend Lease.
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus
Quick Poll
advertisement
NREI Interactive Products
-
Podcast
Commercial Real Estate: Hey, Save a Piece of Stimulus Pie for Me!
Following a year that saw the near meltdown of the banking system, 2010 could shape up to be a better year for investors, though perhaps not as robust as some would wish.
-
Podcast
Is the Recession Over?
Rick Mattoon, senior economist with the Federal Reserve Bank of Chicago, shares the latest numbers from the Fed's National Activity Index that show the economy is experiencing a fairly sharp rebound from the bottom of the Great Recession.
Webinars
2010: The Year of the Sale - Leaseback
This webinar provides brokers, bankers, developers, CFOs and real estate executives with a blueprint for accessing the many facets of the sale-leaseback model.
Blogs
-
Green Shoots
-
BlackSwan
-
Traffic Court
Current Issue
Marketplace Ads
advertisement
advertisement
advertisement
advertisement
