News & Analysis

The largest alternative investment firms in the world tend to offer suites of products. In the private equity real estate asset class, the potential for multi-strategy has barely been cracked. By David Snow

Five Food Groups 2008-05-01 Staff Writer <strong><bold>INDUSTRIAL<br /> ProLogis makes its debut in India</bold></strong><br /> Denver-based industrial property investor ProLogis is making its foray into the Indian property market with its 50/50 development joint venture

Primary properties 2008-05-01 Staff Writer <strong>Quotable</strong><br /> <table> <tbody> <tr> <td><strong>“[There are some] attractive investment opportunities for this capital.”</strong></td> <td><

Canadian <italic>kama'ainas</italic> 2008-05-01 Staff Writer Canadians hoping to make a clean break from home better not move to Hawaii – the islands are taking in a wave of vacation home buyers from Vancouver, Calgary and other cities several thousands of miles away.<br /> <br /> A

Meet the neighbors 2008-05-01 Staff Writer It's always a good idea to meet the neighbors when you move into a new property. That's especially the case when the home you are developing is set to become the largest single building in London at 131 meters high and sits next to a neighborhood mass of thousands o

Big and influential 2008-05-01 Staff Writer We here at <italic>PERE</italic> are pretty excited, and it's not just because the weather is warming up. You hold in your hands the product of many man hours of work in our quest to determine the largest GPs in the world, and the most influential LPs i

Lighting up Berlin 2008-05-01 Staff Writer The link between Thomas Edison, the inventor of the light bulb, and Pramerica Real Estate Investors is not an obvious one. But after a recent property deal in Berlin, the two are inextricably linked.<br /> <br /> What is today the ewerk building comple

Though investors continue to be enamored with emerging markets, the case studies presented here demonstrate that love can very quickly turn to loss. By Paul Fruchbom

ABP Investments, the asset management arm of the pension fund for Dutch civil servants and educators, is one of the most powerful European LPs in private real estate funds. The pension fund began investing in indirect real estate in 1998 and has approximately €17 billion ($19 billion) invested, which is organized under the alternative investments division. It is an investor in a range of managers including Aberdeen Property Investors, Apollo Real Estate, The Carlyle Group, Heitman, ProLogis, Tishman Speyer, Neinver and Vesteda Groep. Here, Patrick Kanters, managing director of real estate, Europe and Asia-Pacific, explains why operators will outperform allocators, his firm's moves into Asia and why fund managers should stick to what they know best.

The captive real estate development and acquisition arm of the Ontario Teachers' Pension Plan, Cadillac Fairview had a portfolio valued at approximately C$14.5 billion ($12.8 billion; €9.5 billion) at the end of 2006. Though 80 percent of its property investments are in Canada, the group recently has ventured further afield. In 2006, it acquired a 46 percent stake in Rio De Janeiro-based Multiplan Empreendimentos Imobiliários, the largest regional mall operator in Brazil. The pension fund investor has also been moving into Asia, primarily via investments in private equity real estate funds. Here, Andrea Stephen, the executive vice president for investments, talks about the problems with super-sized funds, what she likes about Brazil, and her interest in South Africa.