June 2015 Issue

    Month: June
    Year: 2015

    Back to Print Editions

    FAMILY OFFICE FOCUS: Where there is wealth

    Family offices and high-net-worth individuals represent a dynamic, eclectic mix of investors who tend not to act as a flock. Here PERE takes a sideways look at the different ways they connect with the private equity real estate industry. PERE magazine June 2015 issue

    GUEST COMMENTARY: What the wealthy want

    US family offices quite simply want good deals, and deals that they can identify with. 

    LP Perspective: What’s on your mind?

    Limited partners – nearly 100 of them – responded to PERE’s 2015 Investor Perspectives Survey to share with us what they wanted. Find out here what they revealed.

    STATESIDE: To make a gorilla

    Private equity-backed property services firm DTZ wants to combine with Cushman & Wakefield in a $2 billion deal and take on CBRE GI and LaSalle in the fullness of time. But this is no easy feat.

    SPECIAL REPORT: The REIT crusades

    Most private equity real estate investors aren’t looking to become activists in the REIT space. But that doesn’t mean they aren’t paying more attention to what’s going on in the sector. PERE magazine June 2015 issue

    UK ROUNDTABLE: The right to choose

    Election week gripped the UK at the time of the PERE roundtable presenting a chance for real estate professionals to air their hopes and fears for Europe’s magnet of international capital.

    ASIA NEWS: The new wave of Gulf capital

    The real estate investing appetite of Middle Eastern capital sources is changing, with more private investors going outbound.  

    SPECIAL REPORT: The gathering crowds

    Chinese companies are entering the real estate crowdfunding arena amid a global trend in e-commerce.

    EUROPE NEWS: Taking full control

    TIAA-CREF acquired the remaining ownership interest in TH Real Estate from its joint venture partner, Henderson Global Investors, but far sooner than expected.

    AMERICAS NEWS: Same fund, but different

    High-net-worth investors are committing capital to the same megafunds as major institutions, but via a very different process.

    GUEST COMMENTARY: Patience, the virtue

    A successful Chinese investment strategy could take many years to devise and implement, so investors must be committed, says Jeff Tucker, chief operating officer at Century Bridge Capital.  

    ASIA NEWS: Onwards and upwards

    Blackstone’s $1 billion equity haul for core investments in Asia further amplifies its global core and core-plus investment reach.  

    EUROZONE: Number one for secondaries

    Globally, secondaries pricing has been increasing in recent years yet the industry’s biggest players keep hoarding pots of capital. A large chunk of that cash is earmarked for Europe

    GUEST COMMENTARY: Now’s the time for European core

    Why the opportunity in core Western European commercial real estate is something fund managers should be excited about, by Scott Brown, global chief executive officer and president of Cornerstone Real Estate Advisers

    ASIA NEWS: Mega Sale

    The $1 billion Australian industrial portfolio owned by GIC is up for grabs.  

    ASIA NEWS: Keys to the town

    ADIA’s mega hotel deal has been deemed an opportunistic buy by many in the industry.  

    FAMILY OFFICE FOCUS: It takes a village

    Dart Realty has found success – and a long-term investment model – with a massive master-planned development in the Cayman Islands. PERE magazine June 2015 issue

    DECONSTRUCTED: Houston’s got a problem

    Despite a raft of big development plans being detailed at the Urban Land Institute’s recent Houston conference, sources say there is a lot of nervousness about the softening occupier market in the city caused by plummeting oil prices.

    FAMILY OFFICE FOCUS: Give me a deal

    Family offices spoke out at the PERE Global Investor Forum in Los Angeles about the turn-ons and offs of investing in real estate. PERE magazine June 2015 issue   

    EUROPE NEWS: Formidable Formosa

    Over the past year, Taiwanese insurers have been responsible for investing more than $3 billion in overseas trophy real estate assets including two of last month’s biggest deals, Madame Tussauds and The Walbrook.

    FAMILY OFFICE FOCUS: Families attack CRE

    Asian clans are among the fastest growing in the world and are competing with institutional investors for large prime commercial real estate assets, writes Megan Walters, Jones Lang LaSalle’s head of research, Asia Pacific Capital Markets. PERE Magazine June 2015 issue

    AMERICAS NEW: Eyes on you

    Private equity real estate advisers registered with the US Securities and Exchange Commission (SEC) can expect a personal visit from the ‘exam team’.

    EUROPE NEWS: Deciding on debt

    Legal & General Property has raised £403 million for its second UK fund which allows investors to have a choice of gearing levels.

    ASIA VIEW: Before it’s too late

    Why there might remain only a narrow window of opportunity for distressed and real estate credit strategies in China.  

    DECONSTRUCTED: Battle for brides

    The real reason why Chinese high-net-worths are so into real estate

    FAMILY OFFICE FOCUS: A sunshine state of mind

    Kayne Anderson is an unusual firm - based in Boca Raton in Florida, almost 50 percent backed by family offices and high-net-worths, targeting niche real estate and has just raised $1 billion-plus for its largest fund to date. We meet the group behind the success. PERE Magazine, June 2015 issue, BLUEPRINT INTERVIEW

    EDITOR'S LETTER: A matter of trust

    EDITOR'S LETTER, PERE magazine June 2015 issue