Capital Raising News – Page 187
-
News
USS confirmed among Tesco store buyers
UK – The £28.5bn (€35.6bn) Universities’ Superannuation Scheme was today officially named as one of four buyers involved in the latest £605m sale and leaseback of UK stores owned by supermarket giant Tesco.
-
News
Institutional inflows raise IVG assets to 2007 level
GERMANY – German real estate company IVG has refilled its assets under management basket after a slump in the first quarter of 2008, thanks to institutional interest in indirect real estate.
-
News
Rate margins push SNS' property profits
NETHERLANDS - Bancassurer SNS Reaal has revealed SNS Property Finance’s profit rose by 15.9% to €51m in the first half of 2008 thanks largely to a higher interest rate margin.
-
News
SEPUT acts to protect pension fund returns
GLOBAL – Schroders has warned investor redemptions in its Exempt Property Unit Trust (SEPUT) could be reduced by as much as 25% if institutional investors withdraw their assets during the current property market downturn.
-
News
Sources confirm Tesco/USS real estate deal
UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.
-
News
AEW breaks through Asia fund capital target
UNITED STATES - AEW Capital Management has topped the original capital-raising set on its first direct real estate Asian investment commingled fund, as pension funds and investors are keen to diversify into new markets.
-
News
Revalued property drags ING figures down
NETHERLANDS - A revaluation of its Summit portfolio in Canada was the main contributor to an €180m after-tax loss for ING’s property investments in the second quarter of this year, the Dutch bancassurer has revealed
-
News
Quebec extends its Brazilian shopping space
CANADA/BRAZIL – Ivanhoe Investments, the real estate management subsidiary of Canada’s largest pension fund, has boosted its position in Brazil with the purchase of four shopping centres and more than doubled its stake in a local property partner.
-
News
Schroders seeks growth on agricultural land
GLOBAL – Schroders, the asset manager, is hoping to tap into growing global demand for food production by investing in agricultural land.
-
News
Deka’s Westinvest eyes bargains in Lithuania
LITHUANIA – Deka Immobilien, the German asset manager, has shown renewed interest in the Lithuanian retail property market despite inflation pressures on the local economy, by purchasing the Akropolis shopping centre in Vilnius.
-
News
Ohio Police and Fire up real estate allocation by 50%
UNITED STATES - Ohio Police and Fire Pension Fund have increased its real estate allocation from 8% to 12%.
-
News
NYSTRS provides the finance for real estate mortgages
UNITED STATES - New York State Teachers Retirement System has expanded its real estate portfolio with a commitment to several mortgaged transactions and a commingled fund.
-
News
Ohio School Employees commits to office fund
UNITED STATES - School Employees Retirement System of Ohio has approved a commitment of $50m (€32.1m) into the Beacon Capital Strategic Partners VI commingled fund.
-
News
Contra Costa County sees a debt opportunity
UNITED STATES- Contra Costa County Employees’ Retirement Association has approved a $75m (€48.6m) commitment into the ING Clarion Debt Opportunity Fund II – its first investment in a debt fund focused on real estate.
-
News
PBGC eyes move into real estate
UNITED STATES – The Pension Benefit Guaranty Corporation (PBGC) is looking at investing in real estate for the first time and is therefore seeking strategic partnerships so it may allocate up to $2.5bn (€1.6bn) in the sector.
-
News
European focus shifts to air and rail operators
EUROPE – Infrastructure asset managers say new investment opportunities could be emerging for institutional investors as a flurry of new deals are expected to come to the market in the management of air and rail operators.
-
News
Pension fund capital goes green
UNITED STATES – Pension funds in the United States are looking to make their real estate portfolios ‘greener’ so ING Clarion Partners has rolled out a sustainable growth initiative and its first investor is Los Angeles Fire and Police Pensions.
-
News
Los Angeles City places capital into debt fund
UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (€12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.
-
News
Pennsylvania State moves capital into distressed fund
UNITED STATES - Pennsylvania State Employees Retirement System has approved a $15m (€9.5m) into Arden Real Estate Fund I - a distressed real estate fund.
-
News
ING Clarion closes in on value-added space
UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (€105.4m) worth of transactions.
