Jonathan Brasse
In his keynote address on the second day of this year’s PERE Forum: Europe, LaSalle Investment Management chief executive officer Jeff Jacobson said US real estate capital values have fallen by 30 percent in the last three quarters. He expects them to fall by another 10% in Q2 alone.
The PERE Forum: Europe, taking place today and tomorrow, is being chaired by former Morgan Stanley global joint head of real estate investing John Carrafiell. He warned delegates in London not to ignore green requirements in favour of attractive yields when making investments.
Property Investors’ president and CEO Roger Orf highlighted the increased availability of cheap commercial real estate debt packages as one of three investment opportunities of tomorrow at the PERE Forum: Europe.
While many investors are 'shell-shocked', Citi Property Investors’ president and CEO Roger Orf believes a trio of future investment opportunities offer up reasons for optimism. He said debt, residential and real estate securities could be 'silver linings'.
Laxey Partners, the London-based activist shareholder which recently made the headlines for trying to oust board members of AIM-listed Indian property company Hirco, is attempting to take control of Italian industrial property company Spazio.
As LPs weigh their options, two real estate funds are offering investors the ability to say ‘no’ to certain deals. By Jonathan Brasse
ING Real Estate has launched a second China focused real estate opportunity fund. The vehicle is targeting up to $750 million in equity, is aiming to invest principally in residential assets and plans to make individual investments of between $50 million and $70million.
Dallas-based distressed investor Lone Star Funds, led by the highly private John Grayken, is powerfully positioned to take advantage of the current global economic downturn, according to a profile of the man in the June issue of PERE magazine.
Aberdeen Property Investors, the Stockholm based fund manager and investor, has closed on half the amount of equity it originally planned to raise for its second Asia focused fund of funds. The firm has taken a cautious approach to investments going forward and is unlikely to spend anything until after the summer.
MGPA has added to investments in Italy, Greece and Poland with the €210m purchase of Hammerson’s Les Trois Quartiers office and retail building.
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