February 2012 Issue

    Month: February
    Year: 2012

    Back to Print Editions

    US NEWS: Entering distress anew

    Siguler Guff joins the ranks of private equity firms that cannot resist the allure of distressed real estate. PERE magazine, February 2012.

    US NEWS: Emerging from Texas and beyond

    Two Texas pension plans with nascent real estate emerging manager programmes are increasing their efforts to foster firms starting out in the fund management business. PERE magazine, February 2012.

    US NEWS: Artemis scores bull’s eye with first fund

    The Maryland firm, which is staffed by former JER dealmakers, has just closed its first fund, surpassing its initial aim of $350 million in commitments. PERE Magazine, February 2012 issue

    TRIBUTE: Joseph E Robert

    The venerable founder of JER Partners, a pioneer of the private equity real estate industry, passed away in December at the age of 59. A visionary, he could be matched by few others. PERE magazine, February 2012

    Oldham housing PFI reaches financial close

    Reported to be worth around £131m, the project involves a 25-year contract for new housing and regeneration in four residential areas in the north-west of England. Regenter is the lead investor, developer and manager.

    IF THESE WALLS COULD TALK: London’s whitest of elephants

    The appointment of Ernst & Young as administrators to the companies controlling Battersea Power Station has pre-empted yet another sale of the London landmark. PERE Magazine February issue 2012.

    FEATURE: Where the wild valuations are

    The work of valuation professionals in the world’s secondary markets is becoming increasingly meaningful as opportunistic investors shift their attention from prime locations. PERE Magazine February 2012 issue.

    FEATURE: The rocky road to transparency

    The process of fund managers complying with new disclosure requirements has been more complicated than many in the industry would have thought. PERE Magazine, February 2012 issue

    FEATURE: Brokering an evolving relationship

    Private equity firms have been a big part of the brokerage industry’s business for a while and, in terms of transaction volume, will continue to be a major source of business. Still, for a group that prides itself on off-market deals, brokers can provide more value than most fund managers may think. PERE magazine, February 2012.

    EUROZONE: Option A, B or C?

    Fund managers are being tested by limited partners, who want certain restrictions written into a fund’s documentation. PERE Magazine February 2012 issue.

    EUROPE NEWS: The art of logistics

    AEW Europe has wrestled with the complications of merging its three existing European logistics funds into a €1 billion behemoth. PERE Magazine February 2012 issue.

    EUROPE NEWS: Sale of the century

    A Europe-based venture makes a profit of approximately $240 million in just 18 months from the sale of a US shopping centre portfolio. PERE Magazine February 2012 issue

    EUROPE NEWS: For Pete’s sake

    MSREI is closing in on a $1.1 billion deal to buy a giant shopping centre in St Petersburg, proving that foreign capital is still flowing to Russia. PERE Magazine February 2012 issue.

    BLUEPRINT: The anti-maverick of value

    Jeff Jacobson, global chief executive of LaSalle Investment Management, explains his love for value investing and why his firm is no place for mavericks. February magazine February 2012 issue.

    ASIAVIEW: Houses as well as shops

    A strong focus on China’s retail space should not distract from the opportunities to come in the residential space. PERE magazine February 2012 issue.

    ASIA NEWS: Tip of the iceberg

    Townsend’s backing of Fortress in Japan is the latest investment in a decade-long, $4.5 billion programme in Asia. PERE Magazine February 2012 issue.

    ASIA NEWS: Two passages to India

    Private equity and infrastructure firm IDFC has completed the first deal of a two-pronged real estate investment strategy for India that revolves around risk mitigation. PERE Magazine February 2012 issue.

    EDITOR'S LETTER: Not your average Joe

    EDITOR'S LETTER: Not your average Joe 2012-02-01 Robin Marriott In an interview in the third-ever issue of Private Equity Real Estate magazine in June 2005, Joseph Robert said, “Whoever turns over the most rocks wins at the end of the day

    ASIA NEWS: Australia’s next big privatisation

    PERE gets the broker’s take on the A$1.9 billion privatisation of Charter Hall’s office REIT by a club venture with GIC and PSP. PERE Magazine February 2012 issue.