Robin Marriott

The Canadian ski slope company is selling lodging and commercial operations at Arc 1950 Resort in Savoie and Flaine Montsoleil Resort in the French Alps.

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.

For many months before the US became gripped by the unfolding scandal involving disreputable fundraising go-betweens, the most reputable placement agents have been working to adapt their model. Here, PERE takes a look at the wider issues affecting the industry. PERE June 2009

The European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board, as one of the existing founders, Morgan Stanley’s Jan-Willem de Geus, relocates to Singapore.

A poll of fund managers conducted by INREV and presented at its annual conference today revealed that only €6.1 billion($7.96 billion) will be raised in Europe this year by unlisted funds compared to €10.2 billion in 2008.

Leon Bressler, managing partner of New York-based Perella Weinberg Partner’s real estate investment management business, tells delegates at the annual conference hosted by The European Association for Investors in Non-Listed Real Estate Funds (INREV) that his firm sees opportunities across all sectors and in different countries in Europe.

The European Association for Investors in Non-listed Real Estate Vehicles has ended an agreement with the Investment Property Databank for IPD to provide data and a fund index service.

Shake-up as Morgan Stanley’s New York-based global head of real estate investments is placed on ‘administrative leave’ with no date to return to his post. Owen Thomas, head of Morgan Stanley Asia, has taken over the role in the meantime, according to reports.