July / August 2011 Issue
US NEWS: Industrial evolution
In the wake of the merger between industrial giants ProLogis and AMB, Guy Jaquier, head of the combined entity’s private capital group, sees increased opportunities. PERE Magazine, July/August 2011 issue.
US NEWS: Inclusive ambition
Lone Star sees its second real estate mega-fund exceed expectations as it works with its existing LPs to accommodate some delayed commitments. PERE Magazine July/August 2011 issue.
US NEWS: Coming to America
Having done a great deal of business in the US on behalf of offshore investors, European Investors is expanding its model to US-based investors. PERE Magazine, July/August 2011 issue.
SPECIAL REPORT: End of an Eire
Ireland’s biggest bank is selling off the property management business that made wealthy Irish folk even richer. PERE Magazine July,August 2011.
SPECIAL REPORT: China’s ‘O’ word
China Investment Corporation is welcoming more business with external managers, but first they must understand the sovereign wealth fund’s central investment thesis. PERE Magazine July/August 2011 issue.
ROUNDTABLE: NORDICS: A world of its own
With Denmark’s banking system in disarray, Icelandic subsidiaries grinding out sales and pockets of localised distress in Sweden, the Nordic countries are no longer just about being a safe haven. PERE magazine July,August 2011 issue.
INTELLECTUAL PROPERTY: Take my assets, please
The future of Archstone, the apartment REIT owned by a trio of banks, is in flux again. This time, however, it is proactively reaching out to potential buyers. PERE Magazine, July/August 2011 issue.
FEATURE: Ready to break out
Despite numerous firms formed in the private equity real estate space over the past several years, only a handful are likely to make it and even fewer will become big players. PERE Magazine, July/August 2011 issue.
EUROZONE: The world according to Marks
The most successful investors get things ‘about right’ most of the time. That’s not a bad mantra for Europe in these uncertain times. PERE Magazine July 2011 issue.
EUROPE NEWS: Wall of maturity
Chad Pike, co-head of real estate at The Blackstone Group, announced at the PERE Forum: Europe in London that the firm is closing in on five deals in Europe as bank debt maturity begins to lead to a ‘stream’ of opportunity. PERE Magazine, July,August 2011 issue.
EUROPE NEWS: Stewards of capital
Ralph Rosenberg, Kohlberg Kravis & Roberts’ new global head of real estate, took his seat on stage at the PERE Forum to explain the firm’s new drive into real estate. The following are edited highlights from that interview. PERE Magazine, July,August 2011 issue.
EUROPE NEWS: Making history
The first privatisation of a UK property company since 2007 is on the cards. PERE Magazine, July,August 2011 issue.
EDITOR'S LETTER: Summertime
Summer means different things to different people. For some, it is all about going to the beach and swimming in the ocean. For others, it is about visiting far-off lands or exotic ports of call. Some people see summer as an ideal time to catch up with old friends and make new ones, and others see it as the perfect time to do nothing at all. PERE Magazine July/August issue 2011.
ASIAVIEW: The small picture
Not much capital has been raised for investment in Asia so far this year. A conversation with one Asia-focused fund of funds manager reveals a possible reason why. PERE Magazine July/August issue.
ASIA NEWS: Not for opportunity funds
Brett Robson, executive director of Macquarie Capital Advisors, explained why Australia is proving so attractive to large institutional investors. However, he noted that it is a difficult market for those seeking opportunistic returns. PERE Magazine July/August 2011 issue.
ASIA NEWS: So time for Asia
Metropolitan founder David Sherman patiently has sought a key hire in Asia in order to expand the firm’s business in the region. That time has now come. PERE Magazine July/August 2011 issue.
ASIA NEWS: Fogle finds his Baring
Baring Private Equity Asia emerged as Asia’s newest opportunistic real estate force with last month’s appointment of former RREEF and AIG Real Estate executive Mark Fogle. PERE Magazine July/August 2011 issue.
ASIA NEWS: Filling big shoes
After 15 years in charge of GIC Real Estate, Dr Seek Ngee Huat is leaving big shoes to fill. Successor Goh Kok Huat’s credentials suggest he’s up to the challenge. PERE Magazine July/August issue 2011.