Robin Marriott

FEATURE: Shifting appetites

There have been a number of institutional portfolio changes over the last 12 months affecting the real estate allocation. Here is a selection of some of them, beginning with the most recent. PERE magazine December 2009-January 2010 issue

Apax beats BX in sudden death penalty shoot-out

Apax scored a dramatic victory in the Private Equity Foundation's annual football tournament.

UK lobby group promotes GP, LP relations

The British Private Equity and Venture Capital Association (BVCA) is creating a body to ‘enhance’ understanding between investment firms and their investors.

Blackstone linked with $10bn GGP bid

Mall REIT Simon Property Group has reportedly held talks with the New York-based private equity firm about helping the buyout of stricken General Growth Properties

UK property industry bodies speak out against EU directive

The Association of Real Estate Funds (AREF), which represents UK unlisted vehicles, and the Property Industry Alliance (PIA), made up of various UK property associations, have fired off letters to the Treasury in London and the UK’s Financial Services Authority amid concerns about a European Union draft directive that has huge implications for private equity real estate funds operating in Europe.

Actis invests $100m in Nigerian mall

The emerging markets specialist is taking a majority stake in a project in Ikeja, Lagos, with debt funding coming from local players Stanbic IBTC Bank and Standard Bank of South Africa.

EXPO REAL 2009 BLOG 5: Don't give up on secondaries

PERE's European editor Robin Marriott has just returned from Munich with some interesting notes on the secondaries market, and a briefing sheet from Landmark Partners.

Orion raises €1.28bn for European fund

The firm has closed Orion European Real Estate Fund III having committed €300 million of equity so far.

CLSA raises $815m for Asia fund

John Pattar, CLSA Capital Partners' managing director and head of the property fund Fudo Capital, says despite the ‘challenging fundraising environment’, its vehicle Fudo II has continued to attract a broad range of investors.

Apollo set for take-off in Asia

The New York private equity firm led by Leon Black has hired former Colony Capital head of Asia Pacific, Grant Kelley, as it seeks to raise its first fund in the region