Jonathan Brasse
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
The tie-up between the real estate investment arm of insurance giant Prudential Financial and Paris-based developer Groupe Hoche forms part of its strategy of partnering local operators in markets it believes offer value creation.
After 15 years in charge of GIC Real Estate, Dr Seek Ngee Huat is leaving big shoes to fill. Successor Goh Kok Huat’s credentials suggest he’s up to the challenge. PERE Magazine July/August issue 2011.
After a year-long sale process culminating in a quartet of private equity real estate firms being shortlisted, RBS has agreed to offload a stake in a £1.4bn loan book to a special purpose company controlled by The Blackstone Group.
End of an era at the $34 billion global real estate giant as founding member Edward Siskind prepares to retire. His responsibilities as head of the platform will fall jointly to Alan Kava and James Garman.
The UK private equity real estate market is treading water amid a torrent of regulation capable of ‘destroying the industry’. Apart from that, opportunistic real estate investment in England is showing increasing signs of life. PERE Magazine June 2011 issue.
Blackstone’s expected acquisition of Valad Property Group next month would be the New York giant’s first meaningful foray into Australian real estate. PERE Magazine June 2011 issue.
The first property services firm to be listed on the London Stock Exchange is currently in talks to be taken private by its biggest shareholder.
The New Delhi-based private equity real estate firm has raised $79m in a first closing for its Red Fort India Real Estate Fund II, according to filings with the SEC. The firm’s ultimate capital raising target for the vehicle is $500m
KKR's new head of real estate Ralph Rosenberg and chief administration officer Todd Fisher talk PERE through the buyout titan's plans for the asset class.