September 2016 Issue

    ASIA NEWS: Woman of the moment: Victoria Sharpe

    As Deutsche Asset Management’s new head of Asia real estate, Sharpe brings strong capital raising skills that are seen as a major asset to the firm.

    ASIA NEWS: Taking control in Seoul

    As the mega-sale of AIG Real Estate’s International Finance Center in Seoul nears its close, the winning bidder will be taking a big bet on a property in need of some hands-on asset management.

    BREXIT RT: The big picture for private capital

    Whether you invest in real estate, private equity or infrastructure: the British vote to leave Europe is a game changer. In August, we gathered four industry veterans to discuss their initial reactions to the Brexit shock, as well as the longer-term risks and opportunities arising from it. PERE publisher PEI’s Philip Borel, Bruno Alves and Andy Thomson were there.

    EURO NEWS: Talking Turkey

    While many foreign investors may have been dissuaded from investing in Turkish real estate after recent geopolitical events, those with knowledge of the market believe it is still a very attractive long-term option. By Jamie Henderson

    SPECIAL REPORT: Stepping into the unknown

    Although much uncertainty remains for the UK property market, the tangible impacts of the historic vote on private real estate investing thus far have been wide-ranging and varied. By Jamie Henderson

    FEATURE: Secrets of my succession

    While some firms have become more proactive about succession planning, others continue to struggle with the issue.

    ASIA NEWS: Propertylink’s quick slide

    The Sydney-based investment management firm raised its targeted A$500 million during its IPO last month, but the share price has already been dropping.

    STATESIDE: Not getting stuck in the middle

    US public pensions’ real estate allocations could be in for an extended slowdown, forcing mid-market fund managers to re-think their approaches to fundraising.

    EURO NEWS: Nordic invasion

    After backing the French office sector this summer, the real estate arm of private equity giant EQT now is eyeing other European markets. By Jamie Henderson

    EURO NEWS: Onwards and upwards

    Patrizia is seeking to expand its international footprint while also increasing its assets under management by €2 billion. By Jamie Henderson

    AMERICAS NEWS: More discretion, please

    CalPERS, seen as a trendsetter among its peers, has increased its limits on discretionary commitments as it seeks to reduce portfolio complexity.

    If These Walls Could Talk: Live and let's buy

    The legendary UK film studios, home of the James Bond franchise and many more classics, are set to be bought by a subsidiary of Leon Bressler’s Aermont Capital.

    EURO NEWS: Man of the moment: Gerald Cavendish Grosvenor

    The world’s 68th richest person died last month, leaving control of The Grosvenor Group to his son. By Jamie Henderson

    BLUEPRINT: Keeping the fire burning

    Léon Bressler has gained a glowing reputation for getting concentrated real estate bets right. He is keen to demonstrate his team will do likewise, even after he is gone.

    ASIA GUEST COMMENTARY: In favor of platforms

    A lack of control and alignment within the private property funds model is leading some institutional investors to acquire meaningful minority stakes in real estate management platforms, says Sachin Doshi, managing director & head of private real estate investments, Asia Pacific at APG Asset Management.

    EUROPE GUEST COMMENTARY: Integration is the winning policy

    Integrating the research, investment and asset management teams is essential for fund managers keen to stay competitive, says Kiran Patel, chief investment officer, Savills Investment Management.

    AMERICAS NEWS: Fosun bets on ailing Brazil

    After making platform investments in Asia, Europe and the US, the Chinese conglomerate Fosun has set its sights on Latin America.

    AMERICAS GC: First steps in a crowded house

    Given today’s frothy real estate market, NYU real estate finance graduate Nylz Reyes believes the right mix of professional, analytical and interpersonal skills are needed to land his first job in the sector.

    EUROZONE: Europe’s waiting game

    Financial watchdog ESMA is trying to make it simpler for overseas investment managers to solicit capital from Europe. Yet, for many the current routes will remain cumbersome for the foreseeable future. By Thomas Duffell

    AMERICAS NEWS: Early movers

    Manufactured housing, a lesser known alternative real estate strategy, is attracting interest from major investors.

    AMERICAS NEWS: Cuba Libre

    The Latin American country is attracting increased interest from real estate investors, but major obstacles still need to be addressed.

    FEATURE: Debt for hire

    New regulatory changes and a slowdown in the CMBS market are driving up demand for top debt talent as real estate investment managers spot an opportunity to build a lending business.

    EDITOR'S LETTER: Chilly prospects

    I was forwarded a chart the other day by a colleague that made me think of polar bears standing on melting ice caps.

    UK RT: Beyond Brexit

    Talk of the UK property market is dominated by the fallout from the vote to leave the EU. But the market is far from paralyzed and opportunities will slowly begin to emerge in the country.