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LONE STAR GLOBAL ACQUISITIONS, LTD.

Asset management - Fund management

Last update October 24, 2019 | Report an error

John P. Grayken

Founder and Chairman

Office

Exxon pre-letting of GTC's Budapest office project highlights surging CEE demand

In a sign of surging demand for modern central European office space, Warsaw-listed GTC has pre-rented 95% of 29,000 sqm GLA in a Budapest project for (...)

Listed

Paris-based Orion builds Spanish Neinor stake to second biggest 11%

Paris-based Orion Capital Managers has, with a stake of 11.1%, become the second largest shareholder in Spanish housing developer Neinor Homes just two months after first (...)

Logistics

Spanish Neinor Homes CEO Velayos steps down after 60% share price slide

Spanish Neinor Homes CEO Velayos has stepped down in a move seemingly sparked by shareholders, including offshore fund Adar, following a 60% slide in its share (...)

Listed

Spanish resi developer Neinor posts 2018 €46m net profit, demand strong

Spanish residential developer Neinor Homes reported net profit of €45.99m in 2018, turning round a 2017 loss of €25.93m, and said it continues to see strong demand. "Neinor continues to (...)

Retail

NEPI Rockcastle acquires Mammut malls in Budapest for €254m

NEPI Rockcastle, the merger of two South African REITs focused on central European retail property, has acquired the dual Mammut malls in Budapest for €254m from (...)

Listed

With 1H FFO up 35%yy at €29m, Warsaw's GTC sees healthy CEE demand

Warsaw's listed commercial property developer and investor GTC boosted funds from operations 35%yy in the first half to €29m, and said healthy demand for CEE office (...)

Listed

Spain's Neinor reports first profit in 2Q at €2.5m net, says home devs on track

Spanish listed residential developer and owner Neinor Homes reported its first profit in the second quarter, at net €2.5m and EBITDA of €5.3m, and said progress on its (...)

Office

Conren Tramway's €150m Barcelona purchases highlight confidence in city

Spain's Conren Tramway, a partnership between Frankfurt's Conren Land and Barcelona-based Tramway Capital, said its €150m investment in three properties in the Catalonian capital highlight its (...)

Listed

US Lone Star to exit 2nd European listed firm, selling 61% Warsaw GTC stake

In its second exit from a listed European property group in six months, Texas-based opportunity fund group Lone Star is to sell its entire 61% holding in Warsaw-based (...)

Listed

Israeli Adar's stake in Spain's Neinor soars to 27.8%, sparking bid speculation

Israeli-controlled fund manager Adar Capital Partners has now built its stake in Spanish residential developer Neinor Homes to 27.8%, sparking speculation in Spanish media that it (...)

Housing

IPO costs push Spain's Neinor to €26m loss in 2017; project run-rate raised

Madrid residential group Neinor Homes dipped to a 2017 loss of €25.9m, reversing a profit of around €1m for 2016 mainly due to costs associated with its IPO (...)

Finance

German TLG shareholder Adar takes largest 9.2% stake in Spain's Neinor Homes

Israeli-controlled fund manager Adar Capital Partners, a senior shareholder in Germany's TLG Immobilien, has built a 9.2% equity stake in Spain's Neinor Homes, making it the largest institutional shareholder (...)

Finance

Norway's €874bn SWF holds 4.8% of Spain’s Neinor after placement

Norway's giant pension sovereign fund has declared a 4.8% investment in Spanish REIT/SOCOMI Neinor Homes after the accelerated book building last week in which the sponsor, US opportunity (...)

Finance

US Lone Star sells remaining stake in Spanish housing firm Neinor

Giant Texas-based opportunity and wealth management group Lone Star has sold almost all its remaining stake in Spanish housing firm Neinor Homes which it floated last March. The US firm (...)

Hospitality

Sweden's Pandox in €908m 37-hotel buy, including UK-Irish Jurys Inn

In a €908m deal, acquisitive Swedish hotel group Pandox has signed with US manager Lone Star to acquire a portfolio of 37 hotels that includes Jurys Inn, a (...)

Finance

The CEE opportunity seems clear. So why are west Europeans so cagey?

When you look at the bid/offer spread logic of the South Africans entering eastern Europe, laid out so clearly by the Growthpoint MD on our site, (...)

Finance

FTSE re-designation culminates long Warsaw SE path out of Communist HQ

I know you won’t believe I’m old enough, but indeed I visited the Warsaw Stock Exchange at its very beginnings post-Communism, in January 1990, housed, as (...)

Finance

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of the main (...)