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Carlyle Group LP Planning to Raise $4 Billion for Seventh Real Estate Fund

Carlyle Group LP, the famous American private equity firm is reportedly planning to raise $4 billion for its seventh real estate fund. The target, if achieved, would make it the firm’s largest property fund since the financial crisis.

More Dutch Offices Being Converted into Student Housing Units

Amid high vacancy rates in the commercial property market of Netherlands, the Dutch have finally found a way to fill up the empty buildings. A number of property developers are refurbishing office space to convert them into student boarding or housing facilities.

Rare Palace on English Embankment for Sale in St. Petersburg (SLIDESHOW)

A rare palace located in the famous English Embankment in central St. Petersburg, Russia has come up for sale. Though listed on the public market, price for the property is only provided on request as the cost is expected to be very high.
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