April 2012 Issue
US NEWS: Growth through diversity
USAA Real Estate, which recently acquired an interest in Square Mile, has nearly quadrupled in size over the past six years. According to its president, that has been the natural by-product of diversifying its offering. PERE Magazine, April 2012 issue
US NEWS: Bossa nova bulls
New York’s Related Companies is joining the party in Brazil, lured by the emerging market’s long-term growth potential. PERE Magazine, April 2012 issue
US NEWS: AIP’s senior switch
Coinciding with the abrupt departure of its former head, Morgan Stanley’s real estate fund of funds group is bringing back its former chief capital-raiser. PERE Magazine, April 2012 issue
SPECIAL REPORT: Olivier’s twist
Olivier de Poulpiquet, co-chief executive officer and co-chief investment officer of Morgan Stanley Real Estate Investing, talked about corporate ethos, investor confidence and regional funds during a one-on-one interview at the recent PERE Summit in Asia. PERE magazine, April 2012 issue.
SPECIAL REPORT: Contemporary art (of the deal)
By buying parts of Deutsche Bank Asset Management, including RREEF Real Estate, Guggenheim Partners could quadruple in size – earning the firm a place among the industry’s all-time deals. PERE magazine, April 2012 issue
INTELLECTUAL PROPERTY: Ye olde boys club
As private equity real estate adapts to a new world order in regard to regulation, fundraising and investment, it is the industry’s antiquated stance on diversity that needs changing the most. PERE Magazine, April 2012 issue
IF THESE WALLS COULD TALK: Third time’s the charm
The 10-building, 1.7 million-square-foot office complex known as Pacific Shores Center has had a much more tumultuous history than one would expect from such a relatively new asset. PERE magazine, April 2012 issue.
FEATURE: More coffee, less champagne
Taking stock of the real estate markets over a coffee rather than champagne was the order of the day for the PERE team in keeping with the lower-key nature of MIPIM nowadays. PERE Magazine April 2012 issue.
EUROZONE: The billionaire club
A new company has created a solution for family offices wishing to join together to buy property. PERE magazine April 2012 issue
EUROPEAN ROUNDTABLE: Wary beasts
International investors are still wary of committing to higher-risk strategies in Europe, but they are slowly creeping back. PERE Magazine April 2012 issue.
EUROPE NEWS: French REsistance
French courts have upheld protection from bankruptcy for the massive Coeur Défense office complex in Paris, which ultimately is owned by two Lehman entities and the GE Pension Trust. PERE Magazine April 2012 issue.
EUROPE NEWS: Irish eyes are smiling
Last month, Morgan Stanley struck a deal to buy loans with a value of €220 million from Ireland’s National Asset Management Agency. PERE Magazine April 2012 issue.
EUROPE NEWS: Buyout firms build out
Private equity giants Kohlberg Kravis Roberts and TPG Capital have reached the point of hiring dedicated real estate professionals in London. PERE Magazine April 2012 issue.
EDITOR'S LETTER: Light it up
April 2012 issue
BLUEPRINT: Exporting OMERS
The Ontario Municipal Employees Retirement System is building a reputation as an influential real estate player via its captive real estate arm, Oxford Properties. In an interview with PERE, Oxford’s team talks about its plans to own C$30 billion in assets by 2015, its expansion around the world and why it isn’t interested in third-party funds. PERE magazine, April 2012 issue.
ASIAVIEW: Touching the void
Tokyu Livable’s appointment of ex-CalSTRS executive Charles Haase to build an investment management platform might have been surprising, but it makes sense. PERE Magazine April 2012 issue.
ASIA NEWS: When time is up
Pamfleet raised about two thirds of the capital it originally had targeted for its debut commingled fund. Regardless, it wants to put that to work rather than hunt for more. PERE Magazine April 2012 issue.
ASIA NEWS: The big Zulkoski
He’s built and sold Asian investment management businesses before, but with his new firm, Laurasia Capital Management, Robert Zulkoski is thinking big picture. PERE Magazine April issue 2012.
ASIA NEWS: Familiar bedfellows
InfraRed has teamed up again with the Nan Fung Group for its second Chinese real estate fund, ensuring co-investment rights to the Hong Kong company’s deals. PERE Magazine April 2012 issue.