Welcome to your online portal for PERE Asia Week where we bring you dedicated webcasts, as well as articles and data relevant to the topics to be discussed at the event later this year.

AGENDA

Sculptor raises its largest-ever real estate fund – Exclusive

The New York-based alternative asset manager, formerly known as Och-Ziff Capital Management, beat the target for its latest property vehicle by nearly $1bn.

Invesco to close second European value-add fund on €750m – Exclusive

The US real estate manager aims to invest the vehicle’s capital in distressed opportunities over the next three years.

African-American execs launch impact fund to bridge US digital divide

The founders of Epiphany Community Holdings said covid-19 and social unrest have highlighted the lack of broadband investment in underserved communities.

Who will be the winners and losers of pre-covid funds?

Closing in the years just before the coronavirus pandemic will be less an indicator of performance for funds than other key factors.

Rockpoint closes its largest opportunity fund on $3.8bn – Exclusive

The Boston-based manager's equity haul included $500m in commitments from new investors all finalized during the covid-19 pandemic.

PERE 100: Private real estate’s tried and tested are covid-19 ready

The constituents of the PERE 100 have enjoyed exponential growth in their fundraising, even as placing capital became harder. The pandemic should relieve that pressure.

Chelsfield closes debut Asia value-add fund at $363m – Exclusive

The firm also raised an additional $516m in co-investment capital, more than half of which went to five pre-specified projects.

How real estate debt is moving away from commingled funds

Capital providers and their managers are seeking fresh pockets of value as fundraising in the sector dips.

AIMCo among seed investors for Slate’s latest fund – Exclusive

The $310m first close for Slate Canadian Real Estate Opportunity Fund II consisted entirely of follow-on commitments from investors in the predecessor fund.

Cabot eyes global expansion with $1.15bn fundraise – Exclusive

The Boston-based industrial specialist will take its value-add approach to new markets in Europe and Asia-Pacific with Cabot Value Fund VI.

How investors feel about committing capital amid a pandemic

Institutions are optimistic about a quick return to normalcy but most are sticking with managers they know, two recent surveys reveal.

Private real estate’s great office headache

Institutional investors and managers are grappling with the underwriting implications of pre-covid office working practices being dumped.

Allianz, Charter Hall see competitive advantage in bidding amid covid-19

In bidding on an Australian logistics portfolio, the partners faced fewer competitors in the market as smaller players were unable to close deals quickly.

Private real estate’s debatable part in the global affordable housing crisis

The role private institutional capital plays in solving the world’s affordable housing crisis has been under a scrutiny only intensified by the coronavirus pandemic.

Australian student accommodation takes a hit, but strong bounce back expected

The country's successful response to covid-19 might offer it a competitive edge over the UK and US once life normalizes.

Why a pipeline is no longer a selling point

A seed portfolio, ‘essential’ to attracting capital prior to the covid-19 pandemic, has become a liability for many firms in fundraising mode.

Actis makes 3.5x Korean office exit amid covid-19 – Exclusive

The valuation and investor interest in the asset, which traded at a 4.4% cap rate, remained unchanged despite being marketed during the pandemic.

Oceanwide Center’s struggle to find a fourth owner

If the walls of the Oceanwide Center could talk, they would confess to hoping, fingers crossed, that their current suitor will see through a deal to buy the complex.

Cabot eyes global expansion with $1.15bn fundraise – Exclusive

The Boston-based industrial specialist will take its value-add approach to new markets in Europe and Asia-Pacific with Cabot Value Fund VI.

APAC investment drops by 34% from covid-19, says JLL – Exclusive

China, Hong Kong and Singapore were the property markets most affected by the pandemic, with investment volumes plummeting by more than 60%.

Asia’s affordable housing conundrum

The region is crying out for affordable housing solutions, yet few private real estate groups have been able to offer one that works for buyers and their investors.

Why second wave fears are felt less in Asia’s office markets

Swifter government action and tighter living conditions are making the property sector in the region more resilient for institutional investors than its western counterparts at present.

Three major APAC investment opportunities emerging from covid-19

Potential real estate plays are expected to arise from the region’s listed companies, 20% of which are at risk of liquidity pressure, according to CBRE.

If Hong Kong loses autonomy, will it also lose its APAC real estate hub status?

China’s decision to introduce a highly contentious national security law for the city will further exacerbate the political risk of investing in and operating out of one of the region’s major financial centers.

Does covid-19 spell the end for real estate NBFCs in India?

Not even government stimulus measures are expected to stop non-bank property lenders from retreating after being further challenged during the pandemic.

China REIT excitement is still premature

Regulators have set the draft guidance of a pilot program. But those hopeful a first batch of REITs can be rolled out in the third quarter should curb their enthusiasm.

ARA extends fundraise for its latest Asia vehicle – Exclusive

The Singapore-based real estate firm had originally planned to complete the capital raise for its second value-add offering in the first half of this year.

Oceanwide Center’s struggle to find a fourth owner

If the walls of the Oceanwide Center could talk, they would confess to hoping, fingers crossed, that their current suitor will see through a deal to buy the complex.

Hospitality woes derail SC Capital’s RECAP liquidation plans – Exclusive

Evaporating hotel occupancy levels stemming from the coronavirus pandemic have forced the Singapore-based firm to revise its exit strategies for assets in its third and fourth opportunity funds.

Private real estate to take notes as China re-opens

The world’s property markets are watching the country’s doors re-open for indicators of life after coronavirus

Round Hill forms €500m Dutch residential JV with sovereign wealth fund – Exclusive

The joint venture’s first acquisition, made through a newly-created Dutch residential investment strategy, was completed during covid-19’s lockdown period.

Why Ivanhoé Cambridge, Bouwinvest bet on Paris student housing

The two pension investors have teamed up with Greystar to develop purpose-built student housing in the underserved French capital.

African-American execs launch impact fund to bridge US digital divide

The founders of Epiphany Community Holdings said covid-19 and social unrest have highlighted the lack of broadband investment in underserved communities.

Former real estate boss Chad Pike to leave Blackstone – Exclusive

The man behind some of the New York-based giant’s highest-profile property deals in Europe is calling time on his 25-year career at the firm.

QuadReal commits $250m to LA multifamily joint venture – Exclusive

Partnering with local developer LaTerra, the British Columbia pension investor continues to build its international multifamily portfolio.

Carnegie’s Mall: Managers must be ‘willing to step out of their comfort zone’

The managing director of investments at the New York-based foundation said promoting diversity involves executives challenging themselves on the bias front.

Norges Bank: ‘We expect to be a net buyer of real estate’

The bank, which manages the world’s largest sovereign wealth fund, also plans to dispose of more properties than it had in previous years.

KKR bets on European data center growth with new $1bn platform

Partnering with execs to build a new company from scratch is not KKR's typical playbook, but the approach made sense when it came to investing in the data center category.

Blackstone’s Schwarzman: ‘What’s going to happen to office buildings is actually quite interesting’

The private equity giant’s chairman said the firm has sold nearly all of its New York office holdings but maintains properties on the West Coast where sector demand is growing.

How BlackRock will invest in European property in light of covid-19

The pandemic has led the world’s largest asset manager to rethink its allocation plan for Europe Property Fund V, which just closed on €1.5bn.

Webcast: Bill Schwab’s take on today’s challenges for real estate credit

The chief executive officer of LCI Investment and former global real estate head of sovereign wealth fund Abu Dhabi Investment Authority describes a property lending market in need of significant rebasing.

Webcast: The outlook for China’s real estate debt market

Two managers and an advisor active in the country’s financing space discuss where to place capital and what warning signs to look for.

Webcast: China trends, asset classes and strategies

Three managers and a legal advisor discuss how the pandemic will accelerate existing changes taking place in the Chinese private real estate market.

Webcast: Discovery and survival in Asia amid covid-19

The participants of PERE Asia’s opening panel discuss working in economies starting to reopen while still contending with the impacts of the coronavirus crisis.
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