March 2010 Issue

MGPA’s James Quille is sitting on $2.5bn of dry powder. But speaking at the third annual PERE Forum: Asia conference in Hong Kong last month, the chief executive and chairman feared global government stimulus had created a ‘false dawn’. Real estate markets, he said, were barely through the first act of a two-act play.

Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners.

Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the global winners. PERE March 2010 issue

Thousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the Europe winners. PERE March 2010 issue

LPs want GPs to commit a ‘meaningful’ amount of their net worths to the fund. Confirming this requirement may prove highly uncomfortable. PERE March 2010 issue

Four envoys of European organisations converge in London to talk real estate. By Robin Marriott. PERE March 2010 issue

Private equity firms are looking towards Spain as a possible source of real estate debt deals, but the country is not an obvious bet just yet. PERE March 2010 issue

The pan-European firm has hired ex Macquarie advisor Tim Street to pursue ‘defensive’ healthcare property assets. PERE March 2010 issue.

MIPIM will be showcasing large-scale developments from emerging markets when the annual property event gets underway this month. PERE March 2010 issue

INREV has uncovered a hole in fund corporate governance allowing a manager to transfer co-investment stakes freely. PERE March 2010 issue

A committee of UK legislators has warned the British government to stand up to Europe over wide-ranging proposals in the AIFM directive. PERE March 2010 issue

It is no secret that the emirate of Abu Dhabi controls arguably the largest sovereign wealth fund in the world. Less well known are the ambitions and formidable human resources that the Abu Dhabi Investment Authority is developing for real estate investment. PERE was recently afforded an exclusive access-all-areas tour and briefing on the evolving strategy of one of the world’s most capital-rich property investors. PERE Magazine, March 2010 issue.

LPs on stage at last month’s PERE Forum: Asia expressed their support for first time funds. Good thing, because there are many new funds in the works. PERE Magazine, March 2010 issue.

Morgan Stanley’s head of real estate investing in Japan has resigned to launch his own distressed real estate investment platform. PERE Magazine, March 2010 issue.

Gaw Capital’s co-founder, Goodwin Gaw, explains why he is not afraid of increasingly prominent domestic capital in China. PERE Magazine, March 2010 issue.

ING Real Estate Investment Management is not letting corporate uncertainty derail its growth in Asia. PERE Magazine, Mach 2010 issue.

Having just set up his own platform, Asia investment veteran Grant Kelley, has opted instead to back a bigger horse. PERE Magazine, March 2010 issue.

Morgan Stanley Real Estate has hired ex-Capital Trust founder John Klopp to head its Americas operations. Debt will be a large focus of the firm’s future activities. PERE March 2010 issue

CBRE Capital Partners ultimately proved the winning side in a closely-fought contest for a San Francisco multifamily portfolio – but only after the original winner failed to come up with the cash. PERE March 2010 issue

Colony is raising its second debt fund. Meanwhile founder Tom Barrack says no ‘meaningful’ distressed capital has yet been deployed in the industry. PERE March 2010 issue

An ex-Liquid Realty founder is targeting residential and commercial investors who strategically default on their mortgages. PERE March 2010 issue

New legislation could fundamentally change rules governing foreign investment in US real estate, unleashing billions of dollars of pent-up capital. PERE March 2010 issue