Thomas Duffell

Mubadala GE Capital, the $8bn joint venture between GE Capital – the financial arm of US conglomerate GE – and Abu Dhabi sovereign wealth fund Mubadala Development, has quietly sold around $475m of real estate debt interests to The Blackstone Group. However, according to various media reports, Mubadala GE said the price of the assets sold to Blackstone is subject to adjustment and the deal could be terminated under certain circumstances. A Mubadala GE spokesperson declined to comment.

Co-head of London-based real estate debt fund manager Tyndaris Real Estate, Heath Forusz, has left the firm to pursue “other projects”. Forusz was head of capital markets and principal trading for Deutsche Bank’s European Commercial Real Estate business before leaving to co-head investment advisory firm Tyndaris’ real estate division alongside Clark Coffee, who also previously […]