September 2015 Issue


    Month: September
    Year: 2015

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    AMERICAS NEWS: Time for a new role

    CBRE Global has created its new global CIO position amid rising investor interest in cross-border real estate opportunities.

    STATESIDE: The SEC guessing game

    The SEC says that some private equity real estate firms have broken the rules, but some managers argue that they still don’t know what the rules even are.

    EUROPE GUEST COMMENTARY: The advisors in the know

    It has become increasingly important for fund managers to work more closely with consultants as well as placement agents, writes Manish Chande, senior partner at Clearbell Capital.

    AMERICAS NEWS: Reversing the trend

    With its new US fund and turnaround efforts abroad, Carlyle wants to shift its real estate business back into growth mode.  

    EUROPE NEWS: No-nonsense Nordics

    Real estate behemoth Blackstone piled into the region with a near $3 billion portfolio buy, but the firm is by no means alone.

    ASIA NEWS: Now open-minded

    Suchad Chiaranussati has changed the structure of his firm’s incoming core fund after talks with investors.  

    ASIA VIEW:On alert

    Economic and financial turmoil in China could mean more capital flight into overseas real estate, while the domestic property market continues to ail.  

    ASIA GUEST COMMENTARY: More on the menu

    Korean institutional investors are gradually expanding their wish lists from a focus on gateway city offices, writes Young Chai, chief investment officer at Samsung SRA Asset Management.  

    EUROPE NEWS: Man of the moment: Leon Bressler

    The former chief executive of Unibail took the real estate business of Perella Weinberg Partners, independent last month.

    EUROZONE: Impatiently waiting

    With ESMA failing to grant US fund managers a pan-EU marketing passport, the industry is bemoaning ‘Fortress Europe’.

    BLUEPRINT: Houston’s one-stop shop

    Hines is an undisputed world-class property developer, but it also is one of the largest investment managers in the asset class too. PERE caught up with the three men responsible for the fiduciary side of the business in Houston.

    ASIA NEWS: Hot property in New Zealand

    William Pears’ NZ$300 million retail portfolio is expected to draw bids from major institutional investors as interest in the country heats up.  

    ASIA NEWS:GE Capital’s wind-down

    PAG has acquired part of GE’s Japan property portfolio as the latter nears its exit from the country.  

    AMERICAS NEWS: Financing under threat

    The passage of a bill through Congress is being closely watched as it could curtail an increasingly-used method of finance for real estate projects.

    IF THESE WALLS COULD TALK: China comes to bank square

    The historic Palazzo Broggi building, acquired by Fosun in the summer, is slated to become one of the largest urban redevelopment projects in continental Europe.  

    AMERICAS GUEST COMMENTARY: Certainty over top dollar

    In today’s competitive real estate market, it’s how quickly a buyer can close, not how much it can pay, that matters most, says Evan Levy, head of real estate capital markets at Skadden, Arps, Slate, Meagher & Flom.

    SPECIAL REPORT: Bonus round

    Bonus programs like the one recently approved by Florida SBA still remain far from the norm at public institutions.

    SPECIAL REPORT: Back for another round

    With its eighth global opportunity fundraising, Morgan Stanley’s real estate division proves it once again has the backing to compete in the higher-risk, higher-return market.

    EUROPE NEWS: A wager on Wembley

    Lone Star Funds is betting on London residential development with its £700 million bid for London-listed property developer Quintain.

    ASIA NEWS: Ahead of the pack

    GLP’s mega fundraise for China reflects the firm’s growing ambitions for the country, and its own fund management platform.  

    LEADER: A pivotal time

    A pivotal time Jonathan 2015-09-01 Brasse We return to our desks after a summer of macroeconomic and geopolitical turbulence. As I write, China’s latest interventionist policy, permitting state pensions to invest in shares to shore up the country’s plummeting stock market, is failing. Follo

    AMERICAS NEWS: A singular opportunity

    When it comes to Brazilian private equity real estate deals, all eyes are on BR Properties right now.