Deals

London-listed mezzanine capital provider Intermediate Capital has closed its first Asia-focused mezzanine fund on $500m, exceeding an earlier $400m target.

The New York City Retirement Systems finds itself again dealing with turnover among its top brass, signalling that something may be amiss at the $95 billion pension.

From ink stains to satellite feeds 2006-05-01 Staff Writer In 1995 Reuters moved its journalism operations away from Fleet Street, the stretch of London pavement that was once home to the capital's bustling, 300-year-old daily journalism trade. One-by-one, the newspapers and wire services had all moved away;

Private equity firms around the world have become active investors in the theme park industry—will they be able to handle the G-forces? By Paul Fruchbom

Private Equity Real Estate recently conducted its first survey of general partners' opinions on the limited partner community—the results were illuminating. By Dave Keating

Private equity real estate funds value their holdings in a number of different ways. But does it matter in a bull market? By Aaron Lovell

Founded in 1999, EPRA's mission is to promote, develop and represent the listed real estate sector in Europe—it is, in essence, the region's counterpart to the National Association of Real Estate Investment Trusts (NAREIT) in the US. EPRA currently has approximately 170 members, including many of Europe's largest real estate companies and investment institutions. Serge Fautré, the chief executive officer of Cofinimmo, serves as the organization's chairman. A native Belgian, he recently talked with PERE about EPRA's goals, the future of European REITs and why the Social Democrats are wrong.

Long a staple in Japan and the US, real estate investment trusts are gaining ground throughout Europe—with varying results. By Aaron Lovell

The introduction of publicly traded REITs in Europe's two largest economies is bound to have repercussions on the region's property markets—should private equity real estate firms be worried?

Over the past two decades, The Townsend Group, led by co-founder Terry Ahern, has become one of the largest institutional real estate consultants in the world. Here he talks with PERE about the need for top-down investment strategies, his previous life as a lawyer and how the TV show Charlie's Angels influenced his career in real estate. By Paul Fruchbom Photos by Phyllis Christopher