All Residential Coverage – Page 156
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News
APG backs Pramerica debt strategy
EUROPE – APG Asset Management, the wholly-owned investment manager of the ABP pension fund, is one of a number of investors to have invested in a European real estate debt strategy run by Pramerica Real Estate Investors.
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Progress to reinvest direct capital in Dutch ING REIM funds
NETHERLANDS – Progress, the Unilever pension fund, has decided to invest in two Dutch real estate funds managed by ING Real Estate Investment Management following the disposal of its directly held domestic portfolio.
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Finland's Veritas offloads residential portfolio to Germany's Patrizia
EUROPE – Finnish pensions insurer Veritas has sold a 113-asset portfolio to German fund manager Patrizia in the first residential deal involving an investor based outside the region.
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Texas Teachers commits $800m to real estate investment
GLOBAL – The Teacher Retirement System of Texas has made more than $800m (€650.5m) in real estate investment – a mixture of core, value-added and infrastructure strategies – in the last month.
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News
AP4 acquires €565m of Swedish residential assets
SWEDEN – The Fourth Swedish National Pension Fund (AP4) has made one of the largest ever residential investments in the country.
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Virginia bets on JV with Amli Residential
UNITED STATES – Virginia Retirement System has decided to invest $400m ($325m) more of its equity into the real estate sector, three quarters of which will go towards an investment partnership with Amli Residential.
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LPFA could start wave of investment in UK housing
UK – The £3.5bn (€4bn) London Pension Fund Authority (LPFA) could be the first in a number of UK pension funds investing in the residential real estate sector.
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Crisis model includes real estate for first time
GLOBAL – A crisis forecasting model developed for banking regulators has included property prices as a key risk factor for the first time.
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MagazineUrban realities
The world’s fastest changing residential real estate markets are in Asia, as Tim Bellman and Shane Taylor report
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Magazine
Home comfort?
Will European housing markets see signs of stabilisation or is there a squeeze ahead? Monika Bukowska reports
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MagazineSpring clean in progress
Excess supply of housing is working through the system as the sector begins to recover. Stephanie Schwartz-Driver reports on another lively session at PREA’s spring event
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News
Chinese investors buy back residential after pricing policy move
CHINA - A group of Chinese investors has acquired a prime serviced residential block in Shanghai from SEB Asset Management (SEBAM)’s Asian property SICAV – the latest deal in a trend for Asian investors to replace capital from European and US pension funds.
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News
BarCap to sell stake in university housing arm
UK – Barclays Capital is to sell part of University Partnerships Programme (UPP), its on-campus student accommodation manager, in a bid to raise £800m (€933m) for projects that will double the size of its portfolio.
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Munich buy reflects the robustness of residential
GERMANY – An unnamed European institutional investor – understood to be a German pension fund – has acquired a fully rented 274-unit residential block in a Munich suburb for €42.1m.
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News
US housing recovers – but tax regulations deter foreign investors
UNITED STATES – The residential market in the US is recovering, but foreign investors will not be placed to capitalise on opportunities unless government tax restrictions are lifted.
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Local authority funds urged to invest in housing
UK – A real estate debt specialist has slated UK local authority pension funds for failing to invest in domestic social housing.
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News
ING REIM steps in to rescue Creed fund
ASIA – ING Real Estate Investment Management has taken over as general partner (GP) at an Asian real estate fund for the second time in 12 months.
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CalPERS takes social action to protect rent rates for lower-income households
UNITED STATES – The California Public Employees’ Retirement System (CalPERS) is seeking to prohibit excessive rent increases and involuntary displacement of low-income households in its US multi-family residential investments.
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News
UK residential returns outperformed commercial property - IPD
UK – Investment grade residential real estate in the UK has outperformed commercial property in the country over the past three, five and nine years, and delivered a double digit total return of 11% in 2009, according to International Property Databank (IPD).
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News
Spain tops the losses for IPD European returns
EUROPE – Spain experienced its second consecutive year of negative commercial real estate returns in 2009, while Germany and Switzerland remained relatively stable over the same 12-month period, according to Investment Property Databank (IPD).
