Fundraising

GI Partners’ firm buys in Germany

Elystan Capital Advisers, which was formed earlier this year, has acquired an asset in Munich as it looks to build a value- added portfolio

US banks will selectively sell troubled loans over next few years

After closing on a 400,000 sq. ft. industrial property acquired through a distressed note sale, the Magellan Group says it’s about ‘shooting with a rifle, not a shotgun’.

Fund managers eyeing greater control in Brazil

As real estate funds eye the Latin American country for opportunities, the heads of the non-profit ADIT group say increasing numbers are looking to private, mid-market partners for deals compared to take-public transactions.

Future Fund RE allocation rises 1.2% in six months, further increases to come

Australia’s A$69bn Future Fund has continued to grow its real estate exposure, reporting increased assets of 1.2 percent to A$3.4 billion from the six months to 30 September. According to the fund’s annual report released today further increases to real estate and other “tangibles” are planned.

Europa and Australia’s Goodman join forces

London-based Europa Capital Partners and Sydney-based REIT, Goodman Group, are to scout land to develop distribution facilities and logistics property across the UK.

Pacific Star appoints research and strategy head

Singapore-based Pacific Star has appointed former Jones Lang LaSalle executive Leslie Chua as senior vice president, research and strategic planning for Asia Pacific.

Schwarzman: Real estate ‘shake-out’ coming

The Blackstone Group will not have a problem attracting LP capital for its next real estate funds, unlike other firms, according to the firm’s chief Steve Schwarzman.

Red Fort commits $26m to Delhi office

New Delhi-based private equity real estate firm Red Fort Capital has formed a joint venture with local developer Parsvnath Developers to build a 300,000 square foot office. The firm has committed $26 million in equity to the project.

PERE Forum: ‘If you act like sheep, expect to get fleeced’

The fifth annual PERE conference concluded today with calls for LPs to turn against the flow of capital to core, amid concerns the sector is becoming as risky as value-added and opportunistic strategies. We present other notable quotables from the New York event.

PERE Forum: LPs urged to stand up and be counted

Speaking at the annual PERE Forum in New York, Mark Burton said LPs have to staff advisory committees with people willing to 'speak out' if the opportunity fund model is to work.