The National Pension Service of Korea, the $270 billion pension fund, reportedly informed Dow Jones it was to commit $400m to a separate account mandate awarded to Pramerica Real Estate Investors. PERE revealed the appointment last month.
1 min read · 24 January 2013
Pramerica Real Estate Investors announced today it had sold its 80 percent stake in Hong Kong skyscraper PCCW Tower. The firm was thought to have been seeking an exit since 2008 but has now managed to garner “double digit” returns through a reported HK$3.2 billion sale to Swire Properties.
2 min read · 24 January 2013
Timothy Grady, the real estate veteran responsible for launching and growing Merrill Lynch’s private equity real estate platform in Asia, has joined Mark McGoldrick’s Mount Kellett Capital Management as a managing director.
2 min read · 24 January 2013
Blackstone CEO Stephen Schwarzman stated his firm will be active in the country at an event honoring Indian Prime Minister Manmohan Singh as well as Schwarzman.
2 min read · 24 January 2013
The chairman of Equity Group Investments, who coined the phrase 'stay alive til '95' during the RTC crisis, warns reports of a demise in US commercial real estate are 'greatly exaggerated'
1 min read · 24 January 2013
This week’s new rules issued by China’s insurance watchdog the China Insurance Regulatory Commission on the investments of the country's $670 billion insurance sector have been long anticipated. But while the 10 percent real estate allowance announced has largely been received positively, some corners are cautious. By Jonathan Brasse
3 min read · 24 January 2013
The $27.4bn endowment will keep eyeing secondaries sales and acquisitions, after reporting a 2.7% real estate loss in the past year. Real estate, though, would be one of the 'most interesting' opportunities over the next few years.
2 min read · 24 January 2013
In restructuring the leadership of the Atlanta-based development and investment firm, the founders of Portman Holdings have promoted Baisiwala to CEO and Richard Jones to COO.
1 min read · 24 January 2013
The country has lifted restrictions on domestic insurance companies, paving the way to potentially billions of dollars-worth of investment in property and real estate funds
1 min read · 24 January 2013
With two RMB fund launches, TPG has joined private equity firms like Carlyle and Blackstone in throwing itself wholeheartedly behind an untested and pioneering investment vehicle. Will real estate follow suit?
3 min read · 24 January 2013
