The captive real estate development and acquisition arm of the Ontario Teachers' Pension Plan, Cadillac Fairview had a portfolio valued at approximately C$14.5 billion ($12.8 billion; €9.5 billion) at the end of 2006. Though 80 percent of its property investments are in Canada, the group recently has ventured further afield. In 2006, it acquired a 46 percent stake in Rio De Janeiro-based Multiplan Empreendimentos Imobiliários, the largest regional mall operator in Brazil. The pension fund investor has also been moving into Asia, primarily via investments in private equity real estate funds. Here, Andrea Stephen, the executive vice president for investments, talks about the problems with super-sized funds, what she likes about Brazil, and her interest in South Africa.
3 min read · 22 January 2013
GPs may grab all the headlines—and make all the dollars—but LPs remain the industry's lifeblood. Here, three leading institutional investors give us their take on the most pressing issues facing their community.
4 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
Capital Watch 2008-05-01 Staff Writer <strong>FUNDS IN MARKET/COMING TO MARKET</strong><br /> <table> <tbody> <tr> <td><strong>FUND</strong></td> <td><strong>FIRM</strong></td>
10 min read · 01 May 2008
The real estate arm of the conglomerate General Electric says it wants to start investing other people's money instead of its own. Will the firm founded by Thomas Edison 130 years ago prove to be a true rival for the likes of The Blackstone Group and Morgan Stanley? By Zoe Hughes.
2 min read · 22 January 2013
After almost 20 years investing for private high-net-worth clients, famed Irish property firm Quinlan Private has moved into private equity style fund management. Chief executive officer Olan Cremin and chief financial officer Ronan O'Donoghue tell PERE how the asset manager has become institutionalized. By Robin Marriott
10 min read · 22 January 2013
ING Clarion, Grupo Carrousel and Operadora Punta Maroma partner to develop luxury ocean front resort along Mexico’s Riviera Maya in a bid to capitalize on increasing demand from the US baby boom generation.
1 min read · 22 January 2013
The outlook for the US commercial real estate market is generally sound despite the credit crisis, according to a report by real estate management firm, ING Clarion. However ING warns the office sector will be hit over the next two years before recovering strongly in 2010-2011.
2 min read · 22 January 2013
The Chicago-based private equity firm founded by Sam Zell and Gary Garrabrant sells remaining shares in Mexico’s largest homebuilder, four years after helping the company list in New York, Mexico.
2 min read · 22 January 2013
European investors are still interested in emerging markets, even in times of uncertainty.
2 min read · 22 January 2013
