March 2016 Issue

    AMERICAS NEWS: Two at a time

    Not one, but two, publicly-traded REITs with private equity real estate holdings are now up for sale.

    BLUEPRINT: Time on his side

    It is said that CLSA’s real estate chief, John Pattar, has great timing. PERE’s Thomas Duffell sat down with him to work out what makes one of Asia’s most successful property fund managers tick.

    EUROPE ROUNDTABLE: Theatre of action

    Europe is currently an area of unpredictability. From the potential for a ‘Brexit’ to tension between countries over migrants interspersed with occasional terrorist atrocities, one could depict the region as volatile. Yet that is only one side of the story. Four longstanding European managers explain why they can see through the trouble.

    ASIA GUEST COMMENTARY: The search for yield

    Asia-focused real estate managers have been shifting strategies and focuses in their quest for yield in a low-interest environment, says Henry Chin, head of research at CBRE Asia Pacific.  

    FEATURE: The realm of regulation

    Private equity real estate firms – and their investors – have been forced to comply with ever-increasing rules and regulations following the global financial crisis. Nearly ten years on the industry continues to work toward compliance.

    ASIA NEWS: The power of negativity

    Adoption of negative interest rates is expected to benefit the country’s property sector.  

    EUROZONE: Taxing times ahead

    Global firms operating in the UK should take note of how slated changes to carried interest taxation may affect their locally based executives.

    ASIA NEWS: Taking center stage

    CBRE Global Investors’ restructuring in Asia sees value-add funds being raised and managed by its Global Investment Partners division.  

    STATESIDE: Stepping out again

    With value-add real estate, Oaktree is pursuing the latest step-out strategy in its property business, but without more clarity, the new approach may not be an easy sell.

    ASIA VIEW: Show me the data

    Data centers could become a lucrative investment opportunity in Asia if investors realize the underlying benefits  

    FEATURE: Reform ready

    Many regulatory reforms have recently been passed in India. This is welcome news but still not the panacea the industry was hoping for.

    AMERICAS NEWS: Parental support

    Metropolitan received a boost from its parent in raising its first fund under its parent company

    EUROPE NEWS: Man of the moment: Steven Sewell

    The new head of Europe and the US for the direct property investment arm of Macquarie is charged with re-engaging the market.

    AMERICAS NEWS: Italian migration

    One of the largest European insurers is making the US a bigger real estate focus.

    SPECIAL REPORT: Keeping it real

    Real estate’s position within the real assets space is shifting amid the rise of other hard asset classes.

    EUROPE NEWS: Grosvenor’s African adventure

    The indirect investment arm of the British property firm has made its first foray into the region by backing RMB Westport’s latest fund.

    IF THESE WALLS COULD TALK: Final takeoff

    Los Angeles tech workers and families have a new place to play, eat and shop with the near completion of Runway Playa Vista, a mixed-use development Invesco purchased last month for $475 million.

    GUEST COMMENTARY: Do P2Ps really deliver ROE?

    It is questionable whether real estate investors can really outsmart the public markets, says Sonny Kalsi, co-founder of GreenOak Real Estate.

    ASIA NEWS: Doubling down on logistics

    Global Logistic Properties and CPPIB have formed their second Japanese logistics joint venture.  

    EUROPE COMMENTARY: Edging forward

    Heading to the edges of Europe’s property markets provides a better risk-return trade off amid fierce competition for assets in the region, says Greg Mansell, senior strategist at AXA Investment Management - Real Assets.

    EXPERT COMMENTARY: Considering the consequences

    Daniel Engel, global head of private equity and debt product, BNP Paribas Securities Services, discusses the ramifications of Europe’s current and incoming regulation.

    EDITOR's LETTER: Catch my style drift?

    Catch my style drift? Jonathan 2016-03-01 Brasse Whatever the point in a market cycle, certain topics have a habit of rearing their heads. For me, last month’s was style drift, one of the market’s traditional taboos. Two bits of news, coincidentally each involving Los Angeles-based managers,

    EUROPE NEWS: AXA’s second Tour

    The French insurance giant has acquired The Tour First office building in Paris-La Défense, the second time the skyscraper has been in its hands.

    FEATURE: Collateral damage

    Global rules to curb tax-evading multinationals look set to inadvertently disrupt real estate investment managers.