October 2017 issue
NBIM sticks to real estate
NBIM chief executive Yngve Slyngstad reveals that the $996bn fund will be focusing on property rather than expanding into other alternative asset classes.
Townsend founder’s final sell-down
With the latest sale of the Cleveland, Ohio-based investment management and advisory firm, founder Terry Ahern will fully cash out of the company he created more than 30 years ago.
Investors should consider playing swapsies
A rare Australian deal allows two groups to reposition portfolios without the problems that reinvesting the proceeds from an exit can cause
Dallas Police and Fire sues Townsend for RE losses
The $2.1bn pension system alleges the real estate consultant’s actions caused it to lose $580m.
Back to funds, but with discretion
Korea is seeing a comeback of discretionary core funds, backed by international and domestic institutions, in a departure from deal-by-deal and club funds investing. By Kyung W Paik, head of funds management and managing director, at IGIS Asset Management
Let’s talk about the (extreme) weather
In the face of massive property damages caused by not one, but two recent hurricanes, real estate owners need to make disaster preparedness a bigger part of the sustainability conversation.
Texas ERS sees sharp drop in RE capital calls
In the 2017 fiscal year, 12.4% of capital committed was called, compared with 58% in 2016 and 56% in 2015.
TPG flies under radar to win £450m battle for Arlington
The US property firm beat bids from Europa Capital and Fortress Investment Group, among others, to buy Arlington Properties, which owns 1.4m sq ft of office space in and around London.
A joint venture that cuts both ways
A partnership with its previous employer can provide a beneficial boost for a new spinout, but it also can be a tie that binds.
Japanese investors’ sensible first step back
Multi-managers are poised to be the initial beneficiaries of Japanese investors’ gradual return to international property.
Ares to hire MetLife exec – Exclusive
The Los Angeles-based alternative asset manager is furthering its push into private real estate debt with a new capital raiser, four months after hiring a real estate debt co-head.
China’s NPL market not feeling the distress
Although billion dollar-plus NPL deals may be fairly common in Europe, China’s market offers fewer big ticket opportunities for international investors.
What to look out for at China’s National Congress
China enters a major political leadership transition this month at the country’s 19th National Congress. Private real estate executives will be monitoring proceedings for indications relating to three areas.
Piramal’s survival tactics
Institutional investor apathy toward traditional investment vehicles and a painful period of policy reforms have increased the pressure on India’s domestic managers. Arshiya Khullar examines how Mumbai-based Piramal Enterprises has altered its strategy to stay relevant
Germany roundtable: Handling the heat
Germany remains hugely popular with investors, but for managers the problem of how to maximize returns in a crowded market looms large, hears Stuart Watson in this month's roundtable.
East Capital mall deal brings Lithuanian market into focus
The G09 Shopping Centre, recently bought by a Lithuanian investment manager, lies in what could be one of the most rebranded streets in real estate.