December / January 2016 Issue
EDITOR'S LETTER: Time to re-examine the rhetoric
As the sands of time fall on another year, private real estate executives, investors and advisors alike are left with plenty to ponder.
AMERICAS GC: The big loser
Any new trade legislation from President-elect Trump will likely have more of a negative impact on the US than Mexico, says David O’Donnell, president of O’Donnell.
AMERICAS NEWS: Studying abroad
After betting on corporate lodging, Mapletree is branching into US student housing.
SPONSORED FEATURE: Sustainable income
Taking a long-term view and engaging with tenants on sustainable real estate practices should lead to a more reliable and durable income stream, says Doug Poutasse, executive vice-president and head of strategy and research at Bentall Kennedy.
STATESIDE: Serving a new master
The JBG Companies’ series of merger talks illustrates the difficulty of appeasing both limited partners and shareholders.
AMERICAS NEWS: Real changes in real assets
Joe Azelby’s retirement is just one shift to have taken place at JPMorgan.
ASIA NEWS: Privately powerful
A consortium has proposed to take ARA Asset Management, the Singapore-listed real estate fund manager, private in a move which would give the $21bn company even more firepower.
PERE SUMMIT NEW YORK: Pearls from an old master
Sector legend Sam Zell took to PERE’s New York stage to field your questions.
EUROPE ROUNDTABLE: People and tech over politics
Understanding occupier and demographic trends over the coming years will be just as important as understanding the geopolitical context that surrounds the private equity real estate industry, the participants at PERE’s annual Europe roundtable tell Jamie Henderson
Man of the moment: Michael Levy
An 18-year veteran of Morgan Stanley ushers in a new era of leadership for Crow Holdings.
ASIA NEWS: Looking east
Greystar is making a bet on a nascent multifamily sector in Asia through its partnership with Macquarie Capital.
EUROZONE: Lift-off for Heathrow expansion
The real estate community will be hoping for a slice of the projected £211bn of economic benefits triggered by the airport’s third runway. By Jamie Henderson
EURONEWS: Man of the moment: Lars Huber
The now sole CEO of Hines Europe believes diversification, caution and stability are the key to tackling 2017. By Jamie Henderson
BLUEPRINT: Keeping it regional
e-Shang Redwood’s leadership believe its competitive edge over logistics’ ‘big three’ firms comes in its Asia-only focus.
FEATURE: Higher on the agenda
Netherlands-based sustainable real estate experts from APG and GRESB consider the connections between energy use and the financial performance of property assets.
SPONSORED FEATURE: From property to precinct
To get maximum benefit from responsible property investing practices, real estate owners need to think about more than just a single building, according to Lendlease’s Josh McHutchison.
US ROUNDTABLE: Fear of the swan
With heightened uncertainties over a new US presidency and a late-stage real estate cycle, five industry executives share their thoughts on what could potentially shake up the private equity real estate industry.
SPECIAL REPORT: Coming to the realization
The private equity real estate industry is seeing an uptick in exits, but not necessarily because of market timing.
ASIA VIEW: Cheers over tears
Chinese investors appear pleased with the prospect of a ‘businessman’ in the White House and that the implications for property markets in developing Asian economies may be limited.
IF THESE WALLS: Betting with the house
The US’s largest public pension plan took a trip to Las Vegas and came back with a $1.1bn shopping mall.
EUROPE NEWS: Back to Blackstone
After twists and turns, German property firm IVG has agreed to sell its office business, OfficeFirst, to the US behemoth.
EURONEWS: A space to park capital
Car parks are an emerging niche strategy in Europe, thanks in part to the ‘driverless revolution,’ but the sector faces obstacles to growth. By Jamie Henderson
EUROPE NEWS: A classic case of buy, fix, grow, sell
TPG Real Estate’s Europe head walks PERE through his firm’s investment in logistics firm P3 after selling the business to Singapore’s GIC Private.