Is the heady rise of public-market real estate vehicles predictive of the private-market future? By Zoe Hughes. PERE magazine, July/August 2009.
As debate rages about private equity real estate fund-level and limited partner liquidity, there is one issue few are daring to contemplate - the liquidity of the GPs themselves. PERE July/August 2009.
Limited partners to private equity real estate funds need to demonstrate a bit more active management if they want to improve their lot. By Robin Marriott
The nationalisation of Hypo Real Estate is forcing JC Flowers to relinquish its stake in the German bank as a minority shareholder. PERE July/August 2009
A wide-reaching directive affecting private equity real estate fund managers could be brought in by the end of the year, with onerous obligations. PERE July/August 2009
Paul Whight is returning to the UK with a £150m retail park fund after spending most of the decade on the Continent building Pradera's retail platform. PERE July/August 2009
ING's takeover of New City included a step forward for Asian LPs - greater ability to replace the manager. This term should be greeted warmly by quality GPs. By Jonathan Brasse. PERE July/August 2009
ING Real Estate has rebranded a $772 million fund previously managed by struggling Japanese firm New City Corporation, after winning a beauty parade. PERE July/August 2009
Toronto'S Brookfield Asset Management has $35 billion of real estate on its books, yet none is in Asia. That could change as the firm begins to set up its stall. PERE July/August 2009.
After months of conjecture, the official process to sell the management company of the $2.65 billion Merrill Lynch Asian Real Estate Opportunity Fund has finally begun. PERE July/August 2009.
Milan-based funds of funds Advanced Capital is bringing its charge to the US by hiring CalSTRS real estate portfolio manager Bryan Bailey as a senior advisor. PERE magazine, July/August 2009
Lehman Brothers Real Estate Private Equity will be taken over by the existing management. The decision though followed nine months of tense, and sometimes frustrating, negotiations. PERE magazine, July/August 2009.
Madison Dearborn's real estate team has spun out to form Ceres Real Estate Partners. PERE July/August 2009
PERE looks at three deals - one good, one bad and one that has the potential to be both - and the reasons for their divergent turns of fate. MGPA returned three times equity from the sale of UK business parks specialist Akeler in 2006. Today, they coin the investment as the 'classic counter-cyclical play'. PERE July/August 2009.
PERE looks at three deals - one good, one bad and one that has the potential to be both - and the reasons for their divergent turns of fate. RREEF's deal to acquire a $510m office in Beijing went badly thanks to a local seller who falsified due diligence materials. PERE July/August 2009
PERE looks at three deals - one good, one bad and one that has the potential to be both - and the reasons for their divergent turns of fate. When it was agreed in 2007, the $5.4bn acquisition of Stuyvesant Town and Peter Cooper Village brought a high-powered beauty contest to a close. Now that Tishman Speyer and BlackRock own it, over-leverage, declining real estate values and legal action are combining to make this a particularly ugly deal. PERE July/August 2009