November 2009 Issue

    Month: November
    Year: 2009

    Back to Print Editions

    Question & Answer: Frank Khoo

    The global head for Asia of AXA Real Estate Investment Managers is half-way through leading the French insurer’s four-fund launch strategy in Asia. Last month, Khoo signed a memorandum of understanding with Japan’s Sumitomo Trust & Banking to launch a Tokyo office fund. He explained the tie-up to Jonathan Brasse. PERE magazine, PERE 2009.

    NEWS ANALYSIS: A $4bn market

    By 2012 secondaries volume will skyrocket, predicts a veteran buyer. PERE magazine, November 2009

    NEWS ANALYSIS: Meeting China’s needs

    As investment managers compete to provide Chinese consumers with luxuries, Sydney-based Lend Lease would rather meet China’s more basic needs. PERE magazine, November 2009.

    NEWS ANALYSIS: The customers are right

    Pacific Star and Harvest Capital Partners have returned to the drawing board to revise the fee structures of their next funds after consulting with their LPs. PERE magazine, November 2009.

    INTELLECTUAL PROPERTY: First among equals

    Capital-constrained GPs are having to consider mezzanine capital or preferred equity infusions to help recapitalise struggling funds. LPs may not be happy at being usurped in the equity stack, but it helps investments survive another day. By Zoe Hughes. PERE magazine, November issue.

    EUROZONE: Time to take the contrarian view

    It was hard to avoid conventional wisdom at the EXPO Real property fair in Munich. But what if the contrarians are right? By Robin Marriott. PERE magazine, November 2009.

    BLUEPRINT: On the way to Forum

    Forum Partners, an otherwise low-profile firm that provides growth capital to property companies, made headlines when it acquired the real estate securities platform from Citi. PERE spoke with chief executive Russell Platt about how that deal got done, Forum’s runway to growth and his early days in the bull pen with John Grayken. By Robin Marriott

    AsiaView: Room for a few

    Though there are some obvious signs of distress in Dubai, there are not enough reasons to form an opportunistic investment strategy for the emirate. By Jonathan Brasse. PERE magazine, November 2009.

    ASIA ROUNDTABLE 2009: Eastern Hesitation

    Four veterans of the Asia real estate market gather in Singapore to compare notes. For the third year, PERE organised a roundtable discussion about the Asia real estate investment opportunity, this time in Singapore’s iconic Raffles Hotel. Our four Asia old-hands spoke optimistically about the forward fundamentals of many Asian countries, but voiced caution about the fragility in the west. PERE November issue.

    NEWS ANALYSIS: In search of ‘fair value’

    Fund CFOs are struggling to comply with FASB rules. PERE Magazine, November 2009.

    NEWS ANALYSIS: Rear view liquidity

    Jeff Giller has left Liquid Realty after four years as CIO. He hopes to build an investment business to take advantage of the real estate distress. PERE Magazine, November 2009.

    INTERVIEW: To Zell and back

    PERE’s Zoe Hughes interviewed the co-founder of Equity Group Investments, Sam Zell, at the 4th Annual Kirkland & Ellis Real Estate Private Equity Symposium in New York. Zell warned against irrationally exuberant grave dancing in the current market. PERE November issue.

    FEATURE Tranche warfare

    There are many parties at the table in CMBS workout situations. It is still far from clear who the winners will be, if any. PERE November issue.

    NEWS ANALYSIS: London’s new bubble

    The window to buy prime London assets may already be closing. PERE magazine, November 2009.

    NEWS ANALYSIS: The lender list

    The number of banks willing to underwrite deals in the UK is growing. PERE magazine, November 2009.