September 2016 Issue

As Deutsche Asset Management’s new head of Asia real estate, Sharpe brings strong capital raising skills that are seen as a major asset to the firm.

As the mega-sale of AIG Real Estate’s International Finance Center in Seoul nears its close, the winning bidder will be taking a big bet on a property in need of some hands-on asset management.

Whether you invest in real estate, private equity or infrastructure: the British vote to leave Europe is a game changer. In August, we gathered four industry veterans to discuss their initial reactions to the Brexit shock, as well as the longer-term risks and opportunities arising from it. PERE publisher PEI’s Philip Borel, Bruno Alves and Andy Thomson were there.

While many foreign investors may have been dissuaded from investing in Turkish real estate after recent geopolitical events, those with knowledge of the market believe it is still a very attractive long-term option. By Jamie Henderson

Although much uncertainty remains for the UK property market, the tangible impacts of the historic vote on private real estate investing thus far have been wide-ranging and varied. By Jamie Henderson

While some firms have become more proactive about succession planning, others continue to struggle with the issue.

The Sydney-based investment management firm raised its targeted A$500 million during its IPO last month, but the share price has already been dropping.

US public pensions’ real estate allocations could be in for an extended slowdown, forcing mid-market fund managers to re-think their approaches to fundraising.

After backing the French office sector this summer, the real estate arm of private equity giant EQT now is eyeing other European markets. By Jamie Henderson

Patrizia is seeking to expand its international footprint while also increasing its assets under management by €2 billion. By Jamie Henderson

CalPERS, seen as a trendsetter among its peers, has increased its limits on discretionary commitments as it seeks to reduce portfolio complexity.

The legendary UK film studios, home of the James Bond franchise and many more classics, are set to be bought by a subsidiary of Leon Bressler’s Aermont Capital.

The world’s 68th richest person died last month, leaving control of The Grosvenor Group to his son. By Jamie Henderson

Léon Bressler has gained a glowing reputation for getting concentrated real estate bets right. He is keen to demonstrate his team will do likewise, even after he is gone.

A lack of control and alignment within the private property funds model is leading some institutional investors to acquire meaningful minority stakes in real estate management platforms, says Sachin Doshi, managing director & head of private real estate investments, Asia Pacific at APG Asset Management.

Integrating the research, investment and asset management teams is essential for fund managers keen to stay competitive, says Kiran Patel, chief investment officer, Savills Investment Management.

After making platform investments in Asia, Europe and the US, the Chinese conglomerate Fosun has set its sights on Latin America.

Given today’s frothy real estate market, NYU real estate finance graduate Nylz Reyes believes the right mix of professional, analytical and interpersonal skills are needed to land his first job in the sector.

Financial watchdog ESMA is trying to make it simpler for overseas investment managers to solicit capital from Europe. Yet, for many the current routes will remain cumbersome for the foreseeable future. By Thomas Duffell

Manufactured housing, a lesser known alternative real estate strategy, is attracting interest from major investors.

The Latin American country is attracting increased interest from real estate investors, but major obstacles still need to be addressed.

New regulatory changes and a slowdown in the CMBS market are driving up demand for top debt talent as real estate investment managers spot an opportunity to build a lending business.

I was forwarded a chart the other day by a colleague that made me think of polar bears standing on melting ice caps.

Talk of the UK property market is dominated by the fallout from the vote to leave the EU. But the market is far from paralyzed and opportunities will slowly begin to emerge in the country.