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’.
2 min read · 24 January 2013
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.
2 min read · 24 January 2013
The Swiss fund of funds manager has secured ex-AI Capital head Kazushige Kobayashi to lead its second office in Asia. News of the office opening comes shortly after PERE learned the firm is planning its first Asia real estate fund of funds.
2 min read · 24 January 2013
In a further sign that investors are taking flight from once-popular open-ended vehicles, Morgan Stanley decides to close down its fund two years after halting redemptions.
2 min read · 24 January 2013
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.
2 min read · 24 January 2013
Switzerland-based alternative investment firm, Capital Dynamics is to increase its exposure to real estate following the hire of Matthias Sturmer, the former co-owner of Pacific Star Europe, the Munich arm of Singapore-based Pacific Star, which has subsequently been wound up.
3 min read · 24 January 2013
The London-based private equity real estate firm has acquired the Burlington Arcade in London in an 80:20 joint venture with US private property investment firm, Thor Equities.
2 min read · 24 January 2013
The New York investment firm has hired Adam Brooks from Goldman Sachs real estate principal investment area to work with fellow Goldman alumni Brahm Cramer and Jay Nydick.
1 min read · 24 January 2013
Singapore’s Pacific Star need loose no kudos after reeling in two funds that didn’t attract commitments. It should be confident its meshed new effort will fare better.
3 min read · 24 January 2013
Offshore LPs are giving a lukewarm reception to Shanghai’s Qualified Foreign LP programme until it is finalised.
3 min read · 24 January 2013
