October 2015 Issue
ASIA GUEST COMMENTARY: Who is checking the data?
Investors seriously considering private real estate strategies in China must drill through the scary headlines, writes Robert Ciemniak, chief analyst of Real Estate Foresight.
EUROZONE: The composition conundrum
Sellers in Europe have been expecting a wholesale premium. But, there is no guarantee large portfolios will be sold with ease.
GERMANY ROUNDTABLE: The cost of mass appeal
German prime yields are still heading south after compressing significantly already in recent years. Stuart Watson hears how the country’s perception as a safe-haven for international investors means the trend could well continue.
HOT MARKETS: Sold on Saigon
Five years after first researching Vietnam, Hong Kong’s Gaw Capital Partners finally made its play. Kenny Gaw, managing principal of Gaw Capital, explains why.
GLOBAL GUEST COMMENTARY: Scratching the surface
Henri Vuong, director of research and market information at the Association for Investors in Non-Listed Real Estate Vehicles, has begun analyzing the correlation between cap-ex and performance. She says there’s plenty more work to be done
AMERICAS NEWS: Rethinking registration
Facing challenges with SEC compliance, some managers are considering deregistration, but such a move comes at a cost.
EUROPE NEWS: Remember the Titan
A landmark case for CMBS issuers is due to be heard in the UK’s appeals court this month. PERE spoke to Georgina Squire, partner at law firm Rosling King, to discuss the potential impact of the case.
BLUEPRINT: Resolution’s red dawn
This summer, Chinese powerhouse Fosun Group acquired a majority stake in Resolution Property. In his first interview since the deal completed, founder Robert Laurence tells PERE’s Thomas Duffell what it means for the European market stalwart.
HOT MARKETS Q&A: Primed for graduation
Christopher Merrill, co-founder and chief executive of Harrison Street Real Estate Capital, talks about how US student housing, a fledgling property type a decade ago, has now come into its own
AMERICAS GUEST COMMENTARY: Point of convergence
Efforts to bridge US and international real estate valuation standards will help to facilitate more cross-border transactions in the US, says Neil Shah, Americas managing director at the Royal Institution of Chartered Surveyors (RICS)
ASIA NEWS: Opportunity knocks
Invesco Real Estate’s opportunistic strategy in Asia is now beginning to take shape
HOT STORY: New kids on the block
Despite managing $50 billion for over 350 international investors across four different investment arms, Paris-based investment manager Ardian is a relatively unknown name in real estate circles. That is set to change.
SPECIAL REPORT: Lower for longer
The protracted oil price slump has been painful for some private equity real estate firms, but others are looking to gain during the correction.
LEADER: Just go with it
Did you hear the one about the €90 billion European pension fund manager deciding this summer that it would now like to start meaningfully increasing its exposure to core private real estate in the region?
HOT MARKETS GUEST COMMENTARY: Iran's first step
The disordered aftermath of the Iraq war and the rise of ISIS have turned the US and Iran into unlikely bedfellows. Where political expediency leads, economic potential can follow, says Neil Blake, head of EMEA & UK research at CBRE.
EUROPE NEWS: Heading to Europe’s core
TIAA-CREF is not the only US manager to see the advantages of core outside its domestic market.
EUROPE GUEST COMMENTARY: Germany’s global opportunity
International capital is more than ever homing in on Germany’s core and core-plus markets, and the increased competition may be transformative for the market, says Sebastiano Ferrante, head of Germany, Pramerica Real Estate Investors.
IF THESE WALLS COULD TALK: From fine silks to white collars
London’s Devonshire Square has transformed over various ownerships from an 18th century warehouse to a gleaming modern office complex. Another owner is incoming.
AMERICAS NEWS: Breaking from the past
Blackstone’s latest hotel take-private transaction is a departure from its previous takeovers in the sector.
ASIA VIEW: BlackRock’s Singapore sling
The US asset management giant’s sale process of Asia Square Tower 1 has caught everyone’s attention, but not without raising some eyebrows.
ASIA NEWS: Aye for India
Investment volumes in India’s property sector are at a seven-year high, but the capital sources still skew domestic.
ASIA NEWS: Efficiency measures
The ongoing corporate reforms in Japan stand to positively impact the real estate industry by generating more potential sales.
STATESIDE: All about current events
Forget the future impact of rising interest rates on private equity real estate. Let’s focus on the present.
HOT MARKETS: All aboard the European bandwagon
With little value left in domestic markets, US capital has steadily added one western European market after the other into its strategy.