Jonathan Brasse
Jonathan Brasse is the Senior Editor, Real Estate for PEI Media’s real estate publications. He oversees the editorial output and leads the reporting team behind the sector-leading private real estate publication PERE as well as Real Estate Capital, the group’s real estate credit markets publication. Jonathan joined PEI in 2009 from UK commercial property magazine Property Week where he oversaw international news and analysis coverage.
One week after Singapore-listed developer and fund manager Banyan Tree Holdings held a final close for its first real estate development fund, Steve Small, the chief executive officer of the vehicle, shares his views on the hospitality real estate climate with PERE.
CIMB Standard, the joint venture private equity and infrastructure platform of CIMB Group and Standard Bank, is to manage an incoming infrastructure fund aimed at investing in Asia’s “emerging countries”. The vehicle already has $250 million of equity commitments from its sponsors.
An HSBC-led consortium has completed the purchase of a stake in Omani power company United Power Company, committing capital from its $500m co-sponsored infrastructure fund. The $26.5m purchase is the second investment made by the fund since closing.
Two New York-based private equity firms have been shortlisted to make an investment in Baltimore’s Seagirt Marine Terminal. The winning bidder would be able to increase the cargo capacity of the port and share in the resulting expected increased revenue.
Tokyo–based Creed Corporation has completed the sale of a 58-strong portfolio across Berlin, Leipzig and Dresden to a German investor. The firm is currently in administration and has been selling off assets to meet regulatory requirements.
Four developers in Dubai are planning to merge operations into what could be the biggest developer in the Middle East and North Africa. Emaar is planning to join forces with Dubai Properties, Sama Dubai and Tatweer.
The European Bank for Reconstruction and Development (EBRD) has proposed a €75 million commitment to Chicago-based Heitman’s European Property Partners IV fund. The vehicle is targeting €600m of equity by its final close in September.
Tokyo-based private equity real estate firm KK DaVinci is to sell DaVinci Select, the management unit responsible for the DA Office Investment Corporation J-REIT, to Japanese securities brokerage Daiwa Securities Group. The deal coincides with Daiwa’s purchase of a 13 percent stake in the J-REIT
Property Investors’ president and CEO Roger Orf highlighted the increased availability of cheap commercial real estate debt packages as one of three investment opportunities of tomorrow at the PERE Forum: Europe.
While many investors are 'shell-shocked', Citi Property Investors’ president and CEO Roger Orf believes a trio of future investment opportunities offer up reasons for optimism. He said debt, residential and real estate securities could be 'silver linings'.