October 2009 Issue

    Month: October
    Year: 2009

    Back to Print Editions

    FEATURE: RE-Incarnation

    The market has changed, and these 12 pros have changed jobs to seize the new day. By Jonathan Brasse and Zoe Hughes. PERE magazine October 2009

    FEATURE: Japan’s lonely lender

    On a recent visit to Tokyo, PERE spent time with the head of commercial real estate for Deutsche Bank – the only international investment bank still lending in the country. Borrowers say debt is too expensive, but Doug Smith argues prices are where they should be. PERE magazine October 2009.

    EUROZONE: Nice guy comes in first

    Why London-based Edward Siskind is the logical choice to lead Goldman Sachs’ global real estate principal investment area at a time of opportunity. PERE magazine October 2009

    EUROPE NEWS: The Italian job

    Goldman jumps back into European distress investing for its Whitehall funds with a residential loan transaction in Italy. PERE magazine October 2009

    EUROPE NEWS: Lehman’s London legacy

    Just as CIC invests in Canary Wharf's office developer, Nomura gets nearly six years free rent for a new London office. Lehman Brothers is central to both stories. PERE magazine October 2009

    EUROPE NEWS: Axa turns to Lopez

    The Paris and London-based firm has one eye on America as it appoints former JP Morgan real estate banker Dennis Lopez as global chief investment officer and head of fund management. PERE Magazine October 2009

    BLUEPRINT: Making an elephant dance

    Prudential Real Estate Investors was one of only two private equity real estate firms to survive the RTC intact, becoming – in time – one of the world’s largest real estate investment managers. Despite its global heft though, chief executive officer Allen Smith believes the firm is as nimble, and flexible, as any boutique operation. PERE Magazine October 2009

    ASIAVIEW: Solo in Seoul

    Are separate mandates, such as Rockspring’s appointment by The National Pension Service of Korea, another threat to blind pool funds? PERE magazine October 2009

    ASIA NEWS: The power of timing

    Sydney-based Charter Hall accepts the need for 'club’ funds. But the firm’s MD says investors join more to control the timing of investments than for veto rights. PERE magazine October 2009

    ASIA NEWS: Give and take

    Qatar has opened its doors to Singapore’s Pacific Star, granting the firm a licence to do business within its borders and a green light to open up shop. But it wants to receive as well as give. PERE magazine October 2009

    AMERICAS NEWS: The REIT opportunity

    GI Partners says REITs rushing to raise equity in rights issues could be storing up problems for the future. Instead they should look to JVs with private equity players. PERE magazine October 2009

    AMERICAS NEWS: Mercury rising for Kennedy Wilson

    Kennedy Wilson insists its eye for distressed deals won’t be diminished by its takeover by blank-cheque company, Prospect Acquisition. PERE magazine October 2009

    AMERICAS NEWS: In Emmes’ house

    The investment manager has tapped Cathy Ebert to play the role that placement agents once did. PERE magazine October 2009

    DECONSTRUCTED:The way we were

    Industry vets compare their RTC adventures to the current crisis. PERE Magazine October 2009

    DECONSTRUCTED: Pension news, terminated

    A budget crisis in California means less news for PERE. PERE magazine October 2009

    DECONSTRUCTED: World of pain

    An extravagant development in Dubai comes to a halt. PERE magazine October 2009