April 2018 Issue

    ARA expands brief to include infrastructure

    The Singapore-headquartered real estate investment manager is said to be in the process of expanding into the infrastructure asset class with a dedicated platform.

    Korea Post’s New York delivery

    The representative will oversee the Sejong, Korea-based postal agency’s international investments from its New York office.

    Mega-fund closings underscore a polarizing market

    Sizeable closings by private real estate’s biggest managers demonstrate again their pulling power among the world’s top institutional investors

    Carlyle’s Euro comeback fund attracts legacy investors

    Investors from its ill-fated third European opportunity fund are among those to have committed €300m in a first closing of the Washington, DC-based private equity firm’s rebranded fourth offering in the series.

    Ivanhoé Cambridge’s new double act: who does what

    Six months after the firm’s president transitioned to a strategic advisory role, the real estate subsidiary of Caisse de dépôt et placement du Québec has named a new president and new head of business units.

    Same MIPIM mood, but different

    Cautious optimism has characterized the event for the last few years, but the reasons for the caution and optimism have now changed.

    Big data could lead to automation in real estate investment

    Speakers at PERE’s annual Asia Summit in Hong Kong still believe gut instinct cannot generally be automated when it comes to underwriting deals. But the market’s biggest risk-return strategy may be the exception to the rule.

    ROUNDTABLE: All eyes on Japan’s ‘whales’

    As the big Japanese institutional investors prepare their forays into real estate investing, they are faced with challenges around their complex internal decision-making processes, costs of investing overseas and access to core deals in the domestic market.

    Inside Goldman’s $10bn RE equity business

    In serving the bank’s capital, Goldman Sachs Merchant Bank Division’s Real Estate Group has found its equity investing business is without peer.

    AccorInvest: Major investors check into €4.4bn deal

    Saudi Arabia’s sovereign wealth fund teams up with a variety of institutional investors to invest in what has been billed as ‘the last major opportunity to buy into a hospitality carve-out.’

    New York’s Chelsea Market: Foodie playground to techie hub

    Jamestown’s bet on a formerly crime-ridden block of Manhattan pays off handsomely as Google agrees to buy a mixed-use building for $2.4bn.

    Mixed reviews for the hotel sector

    Hotels are attracting more capital as investors aim to diversify property exposure, but tech-based disruption and occupancy headwinds temper the sector’s prospects.

    Stop worrying and learn to love the hotel

    A real estate asset you need to re-lease every day sounds too risky for many institutional investors – but they are beginning to check in. By Mark Cooper

    Assessing the digital threats to hospitality

    Todd Soloway, the chair of law firm Pryor Cashman’s hotel and hospitality group, considers what should be on the minds of private equity real estate investors