All Real Assets articles in August 2006 (Online)
View all stories from this issue.
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News
Dutch institutional real estate reaches €29bn
REAL ESTATE - Dutch institutions’ investment in the real estate sector have surged to €29bn, according to De Nederlandsche Bank (DNB).
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Illinois State to invest in hotel fund
REAL ESTATE - The Illinois State Board of Investment has decided to allocate $30m to the RLJ Lodging Fund II – the scheme’s first investment in hotels in several years. Joy Winterfield, portfolio manager for real estate said: “W...
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Judge rules in Ontario real estate transfer case
REAL ESTATE – Elements of a suit first brought two years ago against the Ontario Municipal Employees Retirement System (OMERS) over the 2002 transfer of its real estate fund management business to infrastructure subsidiary Borealis have been al...
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Nottinghamshire scheme makes real estate buy
REAL ESTATE – The £1.6bn (€2.6bn) Nottinghamshire County Council Pension Fund has bought an office building in the southern English town of Sutton for £13.33m. The 55,000 sq ft Chancery House was sold by property investment a...
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UBS boosts European real estate lending
REAL ESTATE - UBS has completed its pan-European real estate finance team with the appointment of country heads for Germany and the UK. New German head Torsten Bickart joins from HVB, where he was head of real estate portfolio lending for that co...
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CalPERS board candidate backs real estate
REAL ESTATE – Howard Schwartz, one of the candidates vying for a seat on the California Public Employees’ Retirement Scheme’s board, has come out strongly in favour of US real estate Schwartz, a CalPERS lawyer, told IPE Real Esta...
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Clayton joins Pension Real Estate Association
REAL ESTATE – The Pension Real Estate Association has named James Clayton as its new Director of Research as of September 1. He takes over from Jack Nowakowski to support the educational goals of the association as well as undertake direct...
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ABP affiliate buys San Francisco office block
REAL ESTATE – A real estate firm co-owned by Dutch pension fund ABP and State Street has bought an office block in San Francisco. The Tuckerman Group, part of ABP and the Boston bank’s State Street Global Alliance, said its Redevelopme...
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Sacramento to invest $75m into three funds
REAL ESTATE - The Sacramento County Employees Retirement System has chosen three real estate fund managers for its value-added commingled fund manager search. The pension fund has selected Hines US Office Value Added Fund II, AEW Value Investors I...
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Texas Teachers commit $175m
REAL ESTATE - The Teachers Retirement System of Texas has approved investments totaling $175m into two commingled funds. One of the investments was a $125m commitment to the Stockbridge Real Estate Fund II, L.P. The other was a $50m investment in...
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Deka keeps mum on €1bn property sale reports
REAL ESTATE – DekaBank, a German provider of open-ended property funds, has declined to comment on a news report that its core German fund will soon sell 50 properties for €1bn to either Whitehall, a Goldman Sachs venture or Cerebus, a US...
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GE Real Estate in Swedish expansion
SWEDEN – GE Real Estate Nordic has opened a new office in Stockholm in a bid for “strong expansion” in the Swedish capital, the company has announced.
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UK players get together on REITs
REAL ESTATE - Thirty UK property companies, nine fund managers and the London Stock Exchange have joined a campaign to educate financial advisers and brokers about quoted property investment, including REITs. The British Property Federation and t...
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Ex-Lehman real estate VP gets Italian job
REAL ESTATE – Former Lehman Brothers Real Estate Partners vice president Leopoldo Andreis de Gregorio has joined private equity real estate firm Benson Elliot Capital Management as partner. He’ll head Benson Elliot’s Italian ope...
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LA County expands investment scope
REAL ESTATE – The Los Angeles County Employees Retirement Association has decided to increase the investment capabilities of one of its separate account real estate managers, Cornerstone Real Estate Advisers. The pension fund has decided to ...
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LA Fire & Police to invest in commingled
REAL ESTATE – The Los Angeles Fire & Police Pension System has approved an investment in a commingled fund and signed off on some emerging manager guidelines. The pension fund has committed to invest $25m into the ABR Chesapeake Fund III...
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Colonia’s indirect shift boosts results
REAL ESTATE - Colonia, the German distressed real estate investor, posted group-wide revenues of €6.53m for the first half of 2006, up from €1.24m for the same period of 2005. Acquisition activity in the first two quarters reflected a ...
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ATP real estate outperforms
REAL ESTATE - Real estate boosted the performance of Denmark’s largest pension fund, Arbejdsmarkedets Tillægspension, which last week reported overall half-year returns of DKK5bn. In a statement, the pension fund attributed the return ...
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ABP’s Puay Ju joins Aberdeen
REAL ESTATE - Kang Puay Ju, senior portfolio manager at Dutch pension fund ABP will join Aberdeen Asset Management’s real estate arm’s new Asian property fund, the asset manager announced.
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New York teachers invest $105m
REAL ESTATE - New York State Teachers Retirement System has approved investments up to $105m (€81m) in two commingled funds. These actions were taken by the pension fund at its board meeting at the end of July. One of the investments was a...
