Jonathan Brasse
Four veterans of the Asia real estate market gather in Singapore to compare notes. For the third year, PERE organised a roundtable discussion about the Asia real estate investment opportunity, this time in Singapore’s iconic Raffles Hotel. Our four Asia old-hands spoke optimistically about the forward fundamentals of many Asian countries, but voiced caution about the fragility in the west. PERE November issue.
The global head for Asia of AXA Real Estate Investment Managers is half-way through leading the French insurer’s four-fund launch strategy in Asia. Last month, Khoo signed a memorandum of understanding with Japan’s Sumitomo Trust & Banking to launch a Tokyo office fund. He explained the tie-up to Jonathan Brasse. PERE magazine, PERE 2009.
Germany’s largest insurer is planning to invest in US real estate once the banks trigger distressed sales, according to boss Paul Achleitner.
Starwood has teamed up with TPG and other investors to buy a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
The firms are part of a syndicate buying a $4.5bn portfolio of loans and real estate from failed Chicago-based Corus Bank.
Barry Sternlicht’s firm has led a consortium of investors in the purchase of loans made to condominiums by the Chicago-based bank, taking advantage of an attractive financing package offered by the failed bank’s receivers.
PERE has just hosted its third annual roundtable discussion in Asia. Among the revelations this year – local capital is rising as a game-changing factor in the region. By Jonathan Brasse
On a recent visit to Tokyo, PERE spent time with the head of commercial real estate for Deutsche Bank – the only international investment bank still lending in the country. Borrowers say debt is too expensive, but Doug Smith argues prices are where they should be. PERE magazine October 2009.
The Tokyo-based firm is looking likely to lose control over the $2.2 billion Pacific Century Place as it struggles to pay back its debt.
The LA-based firm is preparing to “re-engage” with the creditors of Japan’s first failed REIT.