November 2016 Issue
ASIA RT: Waiting for the storm
Macroeconomic shocks and a long real estate bull run have left the industry second-guessing the timing of the next correction. But the investment managers at PERE’s Asian roundtable say the lessons from previous crises have not been forgotten.
BLUEPRINT: Upping the ante
German insurance powerhouse Allianz is aiming to grow its real estate assets under management by around 25% by 2020. Its chief executive tells Thomas Duffell how it plans to manage such a formidable task
EUROPE NEWS:Regulation by management
Such is the weight of capital seeking prime property in Europe, the region’s investment managers are having to act as ‘a brake,’ delegates at this year’s EXPO Real conference in Munich heard from a panel moderated by PERE
AMERICAS GC: Preparing for co-investments
With the popularity of investing alongside private equity real estate funds on the rise, sponsors should ready themselves accordingly, says Joshua Sternoff, partner at law firm Paul Hastings.
ASIA NEWS: Putting the table together
AXA IM has made a major stride in building its pan-Asia platform with the acquisition of one of Australia’s biggest private real estate investment managers, and there is more to follow, according to the firm’s Asia-Pacific head.
EUROPE GC: Of asteroids and craters
Uncertainty in real estate markets sees investors kicking the can down the road, writes Professor Lorenz Reibling, chairman and senior partner at US and Europe private equity real estate firm Taurus Investment Holdings
EUROPE NEWS: Man of the moment: Nick Weber
After forging a formidable investment track record at Goldman Sachs and Mount Kellett, Nick Weber is going it alone. By Jonathan Brasse
AMERICAS NEWS: Hungry for multifamily
Lennar Corporation’s subsidiary brought in $2.2bn for the largest-ever multifamily fund.
STATESIDE: Getting ready for a dislocation
Recent redemption activity in US core real estate funds is a new indicator of how close some investors believe we are to a market correction.
ASIA NEWS: Forum changes tack
Forum Partners’ decision to cancel its fourth Asia fund is part of a broader global strategy to focus on deal-by-deal investing for now.
AMERICAS NEWS: Cushman’s gain
The New York-based brokerage has poached some of Eastdil’s top brokers, signaling a commitment to becoming a capital markets powerhouse.
EUROZONE: Crowdfunding 2.0
Crowdfunding is growing in the private real estate sphere. It was only a matter of time before an institutional breed of the business appeared on the scene. By Jamie Henderson
EDITOR'S LETTER: Epic EXPO epilogue
EDITOR'S LETTER: Epic EXPO epilogue Jonathan 2016-11-01 Brasse It always pays to hear questions from the audience after a conference panel. During last month’s annual EXPO Real conference in Munich, delegates were reminded how much easier it is to raise institutional money for real estate inve
AMERICAS NEWS: Bigger and bolder
Best known as a core real estate investor, UBS Asset Management is taking on riskier plays with its latest property venture in Brazil.
IF THESE WALLS: Banking on Frankfurt
Samsung SRA Asset Management, the investment subsidiary of the South Korean insurance giant Samsung Life Insurance, is buying Germany’s tallest building for around €720m.
ASIA NEWS: A major overhaul
Asia-targeting private equity real estate firm Aetos has scaled back its operations and revised the investment strategy for its latest fund.