July / August 2015 Issue

    ASIA VIEW: Worse for Myanmar

    The halting of an innovative deal to convert a cruise liner into a luxury hotel will do more damage to the former pariah state than the firm behind it.  

    EUROPE NEWS: Wake up and smell the profit

    Blackstone booked nearly 4x its money when it sold UK leisure operator Center Parcs to Brookfield for around £2.5 billion last month.

    SPECIAL REPORT: True friends

    Mount Kellett’s Mark McGoldrick has relinquished independence of his firm after it made a series of ill-fated energy bets. But instead of giving it up to vultures, he turned to old friend, Peter Briger at Fortress Investment Group.Mount Kellett’s Mark McGoldrick has relinquished independence of his firm after it made a series of ill-fated energy bets. But instead of giving it up to vultures, he turned to old friend, Peter Briger at Fortress Investment Group.

    BLUEPRINT: The rise of the titan

    With his newly public company, Thomas Barrack has come a long way since the “wild” beginnings of real estate investing.

    DECADE: The PERE decade

    PEI co-founder David Hawkins looks back over the first 10 years of an industry-defining title.  

    AMERICAS NEWS: The good life

    Sun Life Financial has found its perfect match with Bentall Kennedy.

    ASIA NEWS: Swipe and shake for a deal

    How WeChat is becoming a ubiquitous networking and marketing platform for China’s real estate industry.  

    STATESIDE: Shooting for REITs

    Lone Star’s agreement to buy Home Properties for $7.6 billion is a practical answer to having a lot of capital and a lack of classic distressed RE in the US market.

    Asset Classes Focus

    Three stories from the US, Europe and Asia on sector-specific investing.

    DECADE: Sam's town

    To mark a decade of PERE, we caught up with Sam Zell the man behind the world's biggest property deal, to talk through that and other salient happenings in the private real estate investment universe over the last 10 years.

    AMERICAS NEWS: Ready or not…

    The SEC has set its sights on a new target, but is the real estate world prepared for its compliance close-up?

    ASIA NEWS: Pressing fast forward

    The appointment of agents to sell BlackRock’s largest Asian asset suggests exit plans have been brought forward.

    GUEST COMMENTARY EUROPE: No iceberg ahead

    A number of investors considering UK real estate are asking whether market returns are running out of steam, with some even asking if the next crash is around the corner. To the contrary, the fundamentals are encouraging, says Rob Martin, director of research at Legal & General Property

    Mega shed

    PERE takes a site tour of Goodman Group’s Interlink logistics warehouse in Hong Kong to see first-hand the scale of operations and the firm’s plans for its extensive industrial portfolio in the city.  

    AMERICAS NEWS: Make them stay, not pay more

    How one company is branching out from its origins as a vertically integrated US housing specialist into opportunistic investing in other property sectors.

    ASIA NEWS: Happily ever after

    A turbulent journey for the 145 investors in one of China’s biggest private real estate funds is set to end with minimal damage sustained.  

    EUROZONE: Don’t blink

    The impact of geopolitical risks on real estate investing was discussed throughout the PERE Europe Summit in June. But, despite the negative rhetoric, geopolitics should not stop fund managers from investing in European real estate.

    EUROPE NEWS: Direct appeal

    A little over a year after taking on the top job at Generali Real Estate, Christian Delaire, tells PERE why the real estate asset manager of the Italian insurance giant will be making more direct real estate investments.

    ASSET CLASS REVIEW: Don’t call it PRS

    Several large real estate investors are set to pump billions of pounds into the UK build to rent market over the next 12 months in a bid to professionalize what has so far been a cottage industry.

    CENTRAL & EASTERN EUROPE ROUNDTABLE: Next in line

    Against a backdrop of ever-tightening yields in Western Europe, the continent’s Central and Eastern markets are becoming increasingly relevant. But just how deep is the opportunity? That is what PERE’s Central and Eastern Europe-focused roundtable discussed.

    DECADE: 100 most influential

    Without the impact of the people ranked here, the past 10 years would have looked remarkably different for private real estate