March 2013 Issue
Consultants closely guard key that unlocks the pension pot
PENSION FUND CONSULTANTS & MULTI MANAGERS
Playing long game helps early-mover funds to outperform
LONG LEASE FUNDS
MIPIM delegates remain quietly upbeat in highly variable climate
COMMENT writes Alex Catalano
Blackstone’s second BREDS fund nears $1.5bn closing
A third of BREDS II’s capital will target non0US, mainly European, assets. Blackstone expects to hold a first closing for a second global debt fund within the next few weeks. The group’s Blackstone Real Estate Debt Strategies (BREDS) arm is believed to have received about $1.5bn in early commitments for a follow-on fund. BREDS 1, […]
Work-out expert CR answers latest European distress calls
CR INVESTMENT MANAGEMENT Having built up its business by managing distressed properties in Germany, CR Investment Management has entered other European markets, with Spain its next target, writes Lauren Parr
Tighter UK loan pricing puts squeeze on new lenders
Increased competition has pushed margins down 50bps already this year
Kames launches against tide in indirect advisory waters
PENSION FUND CONSULTANTS & MULTI MANAGERS
Multi managers try many new ways to keep clients on board
PENSION FUND CONSULTANTS & MULTI MANAGERS
Investor pricing survey
CAPITAL DATA
Fund managers both praise and bite the hand that feeds
PENSION FUND CONSULTANTS & MULTI MANAGERS
Disquiet surrounds growing power of big pension advisers
PENSION FUND CONSULTANTS & MULTI MANAGERS
Morgan Stanley seeks to buy time on Madrid office debt
Morgan Stanley is asking its lenders for an extension of €105m of matured debt that a MSREF fund borrowed against the IBM headquarters in Madrid. In pushing back the securitised loan’s current standstill period by an initial two years, it hopes to be able to renew the building’s lease with IBM, which is running out. This […]
Spreads still look attractive to first US investor in AXA European debt arm
AXA Real Estate has attracted a first US investor to its expanding European real estate debt investing business. Charles Daulon du Laurens, head of investor relations for the business, said: “North American investors, from the US and Canada, are looking at Europe because of the spreads. “Senior commercial real estate loans in the US are […]
Fairfax picks Kennedy Wilson to spend €250m in Europe
Canadian group Fairfax Financial has given US property firm Kennedy Wilson a €250m non – discretionary mandate to invest in European debt and direct assets. The companies have a US partnership, where Kennedy Wilson has invested $278m. The new partnership will first target the UK and Ireland and Kennedy Wilson will make a 10% co-investment. […]