Deals

Headquartered in Bermuda with offices in Hong Kong, Tokyo, Seoul, London and Luxembourg, MGPA is a private equity group focused on real estate investment in Asia and Europe. Owned by its principals and Australia's Macquarie Bank, MGPA was formed in February 2004 following a management buyout from Lend Lease Corporation. Last September, the private equity real estate fund manager raised approximately $1.3 billion for its latest vehicle, MGP Fund II. Here, CEO James Quille, a 30-year veteran of the real estate business, shares his firm's strategy, his thoughts on the Asian market and what distinguishes China from the rest of the region.

Distressed real estate investors in China have continually been disappointed by the government's stilted progress in selling off non-performing loans. Yet with China's entrance to the WTO looming, a concerted push to reform the country's banking system is underway—opportunities for NPL investors may soon follow. By Jack Rodman*

As the largest human migration in history takes place in China, the world's most populous country is becoming increasingly urbanized—and its second-tier residential market is developing along the way. By Aaron Lovell

For the past thirteen years, Apollo senior partner Lee Neibart has helped build a real estate portfolio that extends from the five boroughs of New York City to the far-flung capitals of Eastern Europe. In his office high above Columbus Circle, Neibart recently sat down with PERE to talk about the evolution of Apollo, the significance of the Time Warner Center and his passion for politics. By Paul Fruchbom

ING Real Estate is launching a second Chinafocused fund—and hoping to capitalize on the mainland's rapid urbanization.

Singapore-based Capitaland has successfully developed an investment strategy for China and the rest of Asia. Western private equity real estate firms may want to take notes. By Aaron Lovell

Private equity and real estate firms are swooping into the finest sector, and making big profits.

British financier and author Jim Mellon is set to move into the German residential market in a big way.

Aberdeen Property Investors has closed one of the first fund of funds for the European private equity real estate market.

Germany's most successful real estate investment vehicle, the openended real estate fund, is in deep crisis. Private equity investors stand to benefit—at least for now. By Philip Borel