Private equity real estate investors are rushing into Brazil in search of heavenly returns. But amid the aura of political and economic stability, the emerging market risks continue to loom large. By Paul Fruchbom
In the mid-1990s, Chicago-based Heitman became one of the first major property players to invest in Central Europe. The firm formed a JV in 1996 to develop the Warsaw Financial Center, a 32-story office building that was the tallest building in Eastern Europe. In 2000, the firm launched Heitman Central Europe Property Partners to focus on Poland and the Czech Republic, which closed on $125 million. Slovakia and Hungary were added to the mandate for the second fund, which closed on €175 million in 2002. By the time Heitman launched its third vehicle on €350 million in 2005, it was also looking for opportunities in Estonia, Latvia, Lithuania, Slovenia, Romania and Bulgaria. Otis Spencer, the firm's Warsaw-based portfolio manager, spoke with PERE about the evolution of Heitman's strategy in the region and where the firm is looking for value as competition grows.
China's explosive economic growth has led to some amazing real estate projects. But what happens if the bubble bursts? By Aaron Lovell
The global real estate investment manager has bought a minority stake in the ports business of private UK property group Peel Holdings.
Hiring Desmond Taljaard has stoked talks of Starwood launching a takeover of the publicly traded UK leisure group.
The Four Seasons hotel chain, one of the last publicly traded luxury hotel brands, will likely find itself under very wealthy new ownership.
Ted Darnall, a veteran of Starwood Hotels, has joined the hospitality-focused firm as a partner and will help invest its $425m second vehicle.
The private equity titan and long-time real estate investors has raised $1.2bn for its first vehicle specifically dedicated to real estate.
Macquarie Global Property Advisors has become the latest private equity real estate firm to plunge into Poland’s residential sector amid rising wages and the growth in mortgage lending.
Sam Zell recently made headlines when Equity Office was acquired in the largest private equity real estate deal ever. But Zell has been making headlines for the past 40 years. Always opinionated, never boring, Zell sat down with PERE for an interview earlier this year.