The global fund of funds manager has hired former Composition Capital managing director Randy Parker to oversee its private equity real estate investments.
4 min read · 22 January 2013
The vehicle, sponsored by New York-based Falcon Real Estate, will seek capital from Europe, Asia and Latin America, but is excluding US investors.
4 min read · 22 January 2013
Big and influential 2008-05-01 Staff Writer We here at <italic>PERE</italic> are pretty excited, and it's not just because the weather is warming up. You hold in your hands the product of many man hours of work in our quest to determine the largest GPs in the world, and the most influential LPs i
2 min read · 22 January 2013
Though investors continue to be enamored with emerging markets, the case studies presented here demonstrate that love can very quickly turn to loss. By Paul Fruchbom
8 min read · 22 January 2013
ABP Investments, the asset management arm of the pension fund for Dutch civil servants and educators, is one of the most powerful European LPs in private real estate funds. The pension fund began investing in indirect real estate in 1998 and has approximately €17 billion ($19 billion) invested, which is organized under the alternative investments division. It is an investor in a range of managers including Aberdeen Property Investors, Apollo Real Estate, The Carlyle Group, Heitman, ProLogis, Tishman Speyer, Neinver and Vesteda Groep. Here, Patrick Kanters, managing director of real estate, Europe and Asia-Pacific, explains why operators will outperform allocators, his firm's moves into Asia and why fund managers should stick to what they know best.
4 min read · 22 January 2013
At the beginning of the 1990s, Artur Mokrzycki was a project manager for France's state-owned financial institution, Caisse des Dép^ts et Consignations (CDC), where he was involved in €240 million worth of acquisitions in Central Europe's emerging real estate market. A decade later, in 2002, CDC contributed €200 million to a Central European property fund set up by Curzon Global Partners, a subsidiary of IXIS AEW Europe. The fund, PBW I, which is named after the vehicle's target cities of Prague, Budapest and Warsaw, acquired approximately €600 million of core-plus properties. The follow-up fund, PBW II, has recently held a second close on €250 million of commitments. Below, Mokrzycki, who is responsible for both funds, talks about the development of the Polish market, the country's retail sector, and why investors are beating down his door.
3 min read · 22 January 2013
With rents once again on the rise, Warsaw is witnessing a flood of foreign direct investment in the office sector. Private equity real estate firms are looking to the capital city and beyond. By Robin Marriott.
9 min read · 22 January 2013
With consumer spending on the rise across Poland, private equity firms are shunning the shiny shopping centers in Warsaw in favor of niche assets and mixed-use developments throughout the country. By Robin Marriott
8 min read · 22 January 2013
Poland, a country of almost 40 million people, may still be coming to grips with its recent past, but private equity real estate firms appear nothing but bullish on its promising future.
3 min read · 22 January 2013
Morgan Stanley makes its first investment in Brazil via the acquisition of a minority stake in Abyara, a Sao Paolo-based real estate company.
2 min read · 22 January 2013
