As real estate values continue to fall, real estate investment managers admit they are struggling to meet the increasing demand for information. Investors want information on a ‘daily basis, not monthly or quarterly’, according to a new report.
1 min read · 21 January 2013
The Dutch bank, with €72bn of real estate assets under management globally, has also parted company with its chief executive after revealing a €1bn loss during 2008.
2 min read · 21 January 2013
LaSalle Investment Management is vying to replace Blackstone as Global Firm of the Year in the PERE Awards. You still have time to cast your votes for this and other 2008 Global PERE Awards categories.
2 min read · 21 January 2013
Infrastructure and renewable energy are the hot sectors right now for private equity firms, but US President Barack Obama's plans for the sectors will determine how attractive they remain to private investors.
2 min read · 21 January 2013
Three industry titans vie for one prestigious PERE award. Have you cast your vote? Polls close on 3 February for the third annual PERE Global Awards and competition is fierce. Will MGPA or GIC take the Asian firm of the year award. Will Niam/Goldman Sachs beat competition from AIG for European exit of the year?
2 min read · 21 January 2013
The central and eastern European retail developer has agreed to restructure an aborted €300 million rights issue in order to avoid the danger that existing shareholders Citi Property Investors and Gazit-Globe would have to make a mandatory takeover offer for the company under Austrian takeover rules.
2 min read · 21 January 2013
The founder and chairman of UK pub group, JD Wetherspoon, has warned private equity and property investment groups have had a “pretty disastrous” effect on the British pub industry after piling large debt loads onto some companies, according to a report.
2 min read · 21 January 2013
David Swensen, chief investment officer of Yale’s $17bn endowment, said efforts to emulate Yale’s investment strategy would fail if other institutions use consultants and funds of funds to make investment decisions, instead of hiring a team of in-house professionals, according to a report.
2 min read · 21 January 2013
Only half of the 32 participating private equity firms are in full compliance with the BVCA-backed Walker Guidelines, the first report shows. The guidelines were established in 2007 by David Walker. Participating private equity firms include The Blackstone Group, 3i and Kohlberg Kravis Roberts.
2 min read · 21 January 2013
Seller BAA says that a strong level of interest in the London airport will result in the premium over the airport’s regulated asset base of £1.75bn. Bidders reportedly include Citi, Vancouver Airport and John Hancock, which last year successfully bid $2.5bn for Chicago's Midway Airport.
2 min read · 21 January 2013
