July / August 2016 Issue
AMERICAS GC: You say 'to-may-to,' I say 'to-mah-to'
As private real estate fund strategies converge, the industry should focus a lot less on marketing labels, says Chris Rice-Shepherd, managing director at Cliffwater.
EUROPE NEWS: The Logicor debate
Industry insiders are divided over whether The Blackstone Group’s potential $11 billion IPO of Logicor, its London-based European logistics business, will actually happen.
AMERICAS NEWS: The gateway deal
Korea Post’s latest US acquisition was unusual at a time when many investors are being priced out of the country’s top-tier markets.
AMERICAS NEWS: Standing alone
The JBG Companies' reverse merger is not without its challenges.
ASIAVIEW: Singapore’s silver lining
BlackRock’s Asia Square Tower I has finally been sold. Time for the firm’s naysayers to face facts.
IF THESE WALLS: Ritzy history
Rockpoint recently bought into the Taj Boston, which operated as the Ritz-Carlton for most of its 89-year history, and will aim to bring back some of the hotel's faded stardust.
FEATURE: More money, no problems
After record capital raises, the world’s megafund managers say they are not feeling the heat to get the money out of the door as they seek out new investment strategies in order to generate opportunistic returns.
AMERICAS NEWS: Moving in reverse
The JBG Companies' reverse merger is not without its challenges.
ASIA NEWS: Man of the moment: Rob Yang
The former Blackstone executive has joined KKR as the firm’s first head of real estate for Greater China.
PERE EUROPE SUMMIT: Ivanhoé’s Tresham: capital is here to stay
At the PERE Europe Summit 2016, senior editor Jonathan Brasse sat down with Bill Tresham, president of C$55 billion Canadian investment giant Ivanhoé Cambridge, to hear how the institutional investor is navigating today’s private real estate marketplace.
EUROPE GUEST COMMENTARY: The Economist's Perspective
Fresh from her keynote presentation at last month’s PERE Europe Summit, Sabina Kalyan, global chief economist and head of EMEA strategy & research at CBRE Global Investors, reiterates the macroeconomic concerns facing property markets today.
ASIA NEWS: Finding opportunity in crisis
At PERE’s fourth annual China conference, delegates were optimistic about finding opportunities in real estate debt and even in Tier 2 cities.
First up: UBS’ Thomas Wels
In the first of a new feature for PERE, we caught up with Swiss investment bank UBS’ head of global real estate, Thomas Wels for a 10-question round of ‘either-or’ based on what he’s seeing in the marketplace today.
SPECIAL REPORT: Entering the big leagues
With its new merger, Colony Capital is making a major move up the ranks, but also may be taking on some major challenges.
STATESIDE: Don’t push that button
Think SEC examinations are scary? Now there is reason to be even more afraid.
FEATURE: Defining characteristics
Today’s interpretations of value-add and opportunistic real estate strategies, as well as the tolerated risks within the definitions, are shifting.
ASIA GUEST COMMENTARY: Clearing India’s corruption hurdle
Anti-corruption due diligence, not only on investment opportunities, but also on local partners and third parties in India, is essential in mitigating India’s high corruption risk, says Cori Lable, partner at law firm Ropes & Gray.
AMERICAS NEWS: Chinese execution
Recent big-ticket US acquisitions allay Western fears about Chinese investors’ ability to execute transactions following Anbang's aborted hotel bid.
EUROZONE: Bucking the consolidation trend
The trend towards fund manager consolidation continues apace, causing consternation among the smaller players. But there is a glimmer of hope for certain fund managers.
ASIA NEWS: Back to business
After more than a year in a state of flux caused by MSREI's gradual exit from the business, Investa Property Group is raising and deploying capital as it gets back to normality.
BLUEPRINT: Asia's eye-catchers
On the back of a mega corporate merger and significant capital deployment over recent times, Jonathan Yap, CIO of newly-minted Ascendas-Singbridge, speaks to PERE's Arshiya Khullar about where the state-backed company goes from here.
ASIA NEWS: And so it begins
One of the Japanese ‘big four’ pension funds has named its first real estate fund manager as the country's institutional investors begin to dip their toe in the market.
EUROPE NEWS: Amundi ramps up
Amundi Real Estate, the firm behind the largest single asset transaction in Dutch real estate history, has an eye on dominating Europe. By Jamie Henderson
ASIA VIEW: A door-opening deal
Mubadala’s acquisition of an important stake in Investcorp paves the way for the sovereign wealth fund to invest in US and European real estate.