Despite the success of PropertyMatch, a US equivalent of the UK secondaries trading platform is unlikely to arrive anytime soon. PERE Magazine July, August 2012 issue.
3 min read · 17 January 2013
News of two more European debt funds arrived last month, one from a French bank and the other by asset manager BlackRock. PERE Magazine July, August 2012 issue.
3 min read · 17 January 2013
CalPERS’s purchase of a major stake in real estate investment advisor Bentall Kennedy will provide the largest pension fund in the US with an inside knowledge of the investment management business.
3 min read · 17 January 2013
Eurohypo, a notable lender to private equity real estate firms in Europe, is pulling out of real estate lending, its parent company Commerzbank has said. The decision is a blow to borrowers, but at the same time underlined the void in real estate finance which private equity platforms plan to fill.
3 min read · 17 January 2013
The real estate arm of Caisse de dépôt et placement du Québec will invest C$178 million in a shopping centre slated to open in the spring of 2014. The asset will be situated in Niagara-on-the-Lake.
2 min read · 17 January 2013
US advisory firm says foreign buyers of distressed loans will eventually enter Spain, but they will continue to wait on the sidelines until evidence that banks and Spanish regulators are willing to accept ‘market realities’.
4 min read · 17 January 2013
Morgan Stanley ‘couldn’t agree a price’ with Santander over a €700m property portfolio in Spain, as sources play down the country’s economic woes as a reason for the deal collapsing.
2 min read · 17 January 2013
The Boston-based fund manager beat out rival Heitman to take over a portfolio of 17 core US properties owned by the $26 billion state pension plan. The portfolio previously was managed by BlackRock.
2 min read · 17 January 2013
The endowment’s $75 million allocation to The Blackstone Group is the initial capital outlay of approximately $225 million in non-core commitments that the state is expected to make this year.
3 min read · 17 January 2013
In a commentary today on the defensive value of real estate, CBRE’s chief EMEA economist, Peter Damesik, argues that even in the most extreme circumstances, it is unlikely investors would experience a total loss if they buy an office occupied by a bank, making it better than owning shares in the banks themselves.
3 min read · 17 January 2013
