Jonathan Brasse
This week milestones were reached for the London skyline as the Shard – Western Europe’s tallest tower - was inaugurated and Battersea Power Station was sold once again.
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
The London and Hong Kong-based hedge fund manager is planning to wrap a $150m real estate opportunity fund around a strategy to unlock opportunistic returns from development and distressed real estate in Myanmar, Mongolia and Vietnam.
With approximately £100 billion of UK real estate that cannot be refinanced under current conditions, there are plenty of opportunities for the country’s private equity real estate players. However, as the roundtable participants reveal, the UK market isn’t as simple as that. PERE Magazine, June 2012 issue.
A portfolio of 50 percent stakes in three of Centro Retail Australia’s marquee shopping centres has been sold to Stan Perron, the Perth-based billionaire, ahead of investors such as TIAA-CREF, CPPIB and Australian fund manager QIC, in deal valued at A$690.4 million.
News surfaced last month of AIG Global Real Estate’s ambition to become an active player again, initially via direct investments in the US. PERE Magazine May 2012 issue.
In its first full year of owning investment properties, the Hong Kong Monetary Authority’s $320 billion Exchange Fund saw its value dip as it revealed its overall annual return had dropped by more than two-thirds also.
The Miller Group, the UK’s largest privately-held homebuilder, now 50 percent owned by The Blackstone Group, has appointed Phillip Bowman to be its next chairman.
The NYSE-listed wealth management firm based in Shanghai plans to reach out to China’s high-net-worth families for a fund aimed at providing an alternative financing source for the country’s real estate developer.
The NYSE-listed wealth management firm based in Shanghai plans to reach out to China’s high-net-worth families for a fund aimed at providing an alternative financing source for the country’s real estate developer.