GE Real Estate, which is in the process of setting up a property fund business to rival the likes of Morgan Stanley and Blackstone, has appointed the firm’s general counsel and former Orion Capital real estate professional Thierry Leleu as managing director in Europe.
1 min read · 22 January 2013
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
2 min read · 22 January 2013
Limited partners are starting to reduce the number of relationships with fund managers. And as investors start shedding the pounds, private equity real estate secondaries are getting ready to pick up the slack. By Zoe Hughes
5 min read · 22 January 2013
Rolling with the punches 2008-07-01 Staff Writer Earning enough to buy a $10 million estate is hard work, but keeping hold of such an asset has proved even harder for four times heavyweight boxing champion Evander Holyfield. The fighter faces losing his palatial estate in Atlanta, Georgia, according to a rep
1 min read · 22 January 2013
When Marc Mogull, founder of London-based Benson Elliot Capital Management, stood up before delegates at the PERE Forum: Europe 2008 in London last month, he knew his comments would be controversial. He wanted them to be. Reigniting the debate about the relationship between general and limited partners, as well as corporate governance principles and guidelines published by the European Association for Investors in Non-listed Real Estate Vehicles (INREV), Mogull wanted to call attention to what he argued were the dangers of a “one size fits all” approach to reporting and corporate governance. A snap poll of the audience revealed that most people agreed with the thrust of his comments. Here, in an abridged version of Mogull's speech, the founder of Benson Elliot sets forth his views on the general partner-limited partner relationship, and why the INREV guidelines are not for him.
6 min read · 22 January 2013
All the world's a playground for private equity real estate investors targeting global leisure-related property investments. And, arguably in more than any other real estate sector, changing demographics are driving the trend. By Eva Poon
10 min read · 22 January 2013
Russia's expanding middle class is opening up huge opportunities in the retail and office sector. But with investment in Russia still a risky gambit, particularly outside the two main cities, do foreign investors have the stomach for the opportunity? By Dave Keating
10 min read · 22 January 2013
With the market dislocation ringing in the ears of general partners and the denominator effect impacting investors, the real estate secondaries market is set to expand five-fold over the next two years, with up to $5bn of trades expected each year. Experts argue it could eventually be half the size of the $15bn private equity secondaries market. By Zoe Hughes
7 min read · 22 January 2013
David Blight, chairman and chief executive of ING's €72 billion property investment management business dropped a bombshell over the summer when he resigned in order to return to Australia with his family. After three and a half years in the job, he is leaving a legacy. In an interview with PERE, Blight explains why and how ING has witnessed a revolution, by at last creating a global opportunity platform. By Robin Marriott
5 min read · 22 January 2013
The fund, targeting real estate developments in Greater China, is the firm's second Asia-focused vehicle.
4 min read · 22 January 2013
