March 2015 Issue

    FEATURE: Watching under the stars

    A series of regulatory reforms are underway in China to induce more transparency and accountability in real estate.  

    FEATURE: The whistle blower

    Jack Rose of Breakwater Equity Partners turns the spotlight on special servicers. PERE magazine March 2015 issue

    ASIA VIEW: The ruse of Meguro Gajoen

    There was method in the madness surrounding the second sale of Tokyo’s Arco Tower office and Meguro Gajoen wedding complex in just five months.  

    The cost of regulation

    Who should foot the bill for firms’ measures taken to become compliant with the myriad of new regulations that have become applicable to the real estate fund industry? Should they be charged to the fund or be picked up by the manager? Alter Domus’ Anita Lyse and Benoit Dewar take a deeper look at the costs of AIFMD and FATCA in particular.  

    STATESIDE: Activists against Blackstone

    Protests by Spanish-speaking housing groups opposed to rental increases and mortgage foreclosures have already been witnessed in New York, San Francisco, Madrid and Barcelona. Expect to see more. PERE Magazine, March 2015 issue

    ASIA NEWS: PREI’s new dynamic

    The real estate investment management business of Prudential Financial has answers for why it its Asia head will become head of Japan next month.  


    PERE magazine March 2015 issue

    FEATURE: Playing the system

    Managers of non-EU funds marketed by non-EU managers need to appoint a depository prior to marketing to Danish and German investors. Rob Short, founder of professional services firm, Langham Hall, explains the quirk.

    EUROZONE: Taxing times ahead

    Governments across the globe have been taking shots at tax evaders recently and next might be real estate.

    EUROPE NEWS: Three’s the magic number

    Morgan Stanley and CIC book more than 3x return on their Songbird investment and Brookfield finally gets its hands on Canary Wharf at the third time of asking.

    EUROPE NEWS: Under new ownership

    Australian investment house Cromwell’s €145 million acquisition of Valad Europe from Blackstone was one of the most eagerly anticipated corporate level transactions in Europe

    EUROPE NEWS: Access, not mechanism

    Guido Verhoef, head of private real estate at Dutch pension fund manager PGGM, explains how tie-ups with Legal & General and Rockspring Property Investment Managers already in 2015 were all about the assets, not structures.

    BLUEPRINT: Dexus midnight runners

    Australia’s DEXUS Property Group sold its overseas investments after a period of overexpansion and is now concentrating on being the local partner of choice for institutional investors. PERE meets the firm from Down Under that has gone from sleepy REIT to private equity real estate juggernaut. By Florence Chong. PERE Magazine, March 2015 issue

    FEATURE: Don’t roll back

    Barney Frank is the co-architect of Dodd-Frank, America’s vast financial reform bill of 2010. In January, the former Congressman from Massachusetts spoke to delegates at the PEI CFOs & COOs Forum in New York about lessons learned and dangers lurking. His message to those wanting to repeal Dodd-Frank? ‘Careful what you wish for’. Bailey McCann met him.  

    ASIA NEWS: China’s surrogate capital

    Caught in a real estate slump and with burgeoning debt levels, developers in China such as Wanda Group are looking at alternate ways to fund their projects.  

    AMERICAS NEWS: Zombie run

    Oaktree Capital Management has found opportunity in an area of private equity real estate that has been overlooked by many of its industry counterparts. PERE Magazine, March 2015 issue

    AMERICAS NEWS: The terminated

    A sale and leaseback deal set in motion by former California State Governor, Arnold Schwarzenegger, was cancelled in 2011. Now the private real estate investing buyers get a $24 million settlement. PERE Magazine, March 2015 issue

    AMERICAS NEWS: Comet man

    CalPERS has appointed former staffer Paul Mouchakkaa as its new chief of real assets giving the industry reason to cheer. PERE Magazine, March 2015 issue

    AMERICAS NEWS: Another banner year

    Real estate secondaries deals again rose in 2014 compared to the prior year, marking a record for the sixth consecutive year. PERE Magazine, March 2015 issue

    ASIA NEWS: A sale of high pegging

    Morgan Stanley’s real estate unit has begun the eagerly anticipated sale process for its Investa Property Group business in Australia.  

    ASIA NEWS: A double

    Blackstone bought and sold big last month.  

    FEATURE: A manager’s dream

    Blackstone’s staggering success with its latest global real estate fundraise was helped by the use of a somewhat unusual approach. PERE Magazine, March 2015 issue