Jonathan Brasse
The sale of a stake in The Westin Paris – Vendome to joint venture partner Dubai Holding sees Nick Weber’s London-based firm sell out from one of its first significant investments.
The founder of the London-based private equity real estate firm said its third stake sale to New York Life-owned Candriam largely comprised his own position, but he insisted he would remain at the helm.
The New York-based capital advisory firm believes an increase in corporate transactions is in the offing, despite pressure on sale multiples.
Private real estate’s number one and two ranked managers are both engaged with lenders over problem debt. The rest of the market must be watching.
Anne Valentine Andrews, global head of infrastructure and real estate at BlackRock, says investors should prioritize specific properties within secular trends in the current volatile market environment.
Hong Kong’s Gaw Capital offering a separate ex-China sleeve in its latest pan-Asia fund demonstrates bifurcating attitudes among institutions towards Asia’s polarizing powerhouse.
Hong-Kong-based firm creates separate sleeve to accommodate up to $600m of commitments from North American investors that do not wish to be invested in the country through its seventh pan-Asia flagship fund.
The US endowment's commitment into the manager’s BREIT fund announced last week is a 'win-win' for both sides and an absolute 'home run’ thanks to the extra liquidity and flexibility it provides, Nadeem Meghji, Blackstone’s head of real estate Americas, told PERE.
Whether they are will be known when Blackstone's $69bn private real estate investment trust’s current net redemption position reverses.
However, Ronald Dickerman, founder of Madison International Realty, thinks private real estate’s secular repricing is still several quarters away.