Capital Raising News – Page 189
-
News
Premature redemptions point to nervous German investors
GERMANY – Redemptions in open-ended real estate funds, sparked by a German ministerial report proposing a 10% cut in property valuations, have caused some managers to re-freeze funds. But fund managers have blamed the latest spate of redemptions on market nervousness rather than a sensible reaction to talk of reform.
-
News
Maine PERS to ramp up real estate exposure in 2010
UNITED STATES - Maine Public Employees Retirement System is planning to invest between $100m (€76.5m) and $200m in real estate in 2010.
-
News
Pension funds and IVG co-invest in green fund
EUROPE – Four unnamed pension funds – three German, one Austrian – have each invested €33m in a €300m sustainable office fund.
-
News
Half of real estate funds ‘will bleed to death’
GLOBAL - As many as 50% of fund managers will go out of business in an industry shakeout that still has far to go, according to Claude Angéloz of the Swiss-based Partners Group.
-
News
San Antonio raises allocation and eyes new funds
UNITED STATES - San Antonio Fire and Police Pension Fund has increased its strategic asset allocation to real estate by four percentage points, giving it $95m (€71.4m) in new spending power.
-
News
Henderson re-opens pan-European fund
EUROPE – Henderson Global Investors will this week reopen its €405m institutional pan-European real estate fund of funds after 76% of investors agreed to revoke their redemptions.
-
News
INREV index posts recovery figures: UK leads
EUROPE – European non-listed funds returned a negative -7.8% in 2009, compared with -19.8% the previous year, according to the INREV Index of 258 funds representing assets worth €132.7bn.
-
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.
-
News
Non-listed real estate funds see capital raising fall by 60%
EUROPE – The volume of capital raised through European non-listed real estate funds fell by 60% in 2009, according to the European Association for Investors in Non-listed Real Estate (INREV).
-
News
Tennessee Consolidated nears real estate commingled holdings
UNITED STATES - Tennessee Consolidated Retirement System is getting close to making new investments in two core open-ended commingled funds, in a bid to gain diversification into office and retail real estate.
-
News
Texas Teachers seeks value in UK property
UNITED STATES - Teacher Retirement System of Texas has agreed to invest approximately £81m (€93.7m) or $125m into the UK-focused Brockton Capital Fund II.
-
News
Ash cloud forces INREV to cancel Venice conference
EUROPE – INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has been forced to cancel its annual conference, which was scheduled to take place later this week.
-
News
UK pension funds hit by Fitch downgrade to real estate debt
UK – MEPC, a specialist business park investment company wholly-owned by BT and Royal Mail pension funds, has had its debt financing downgraded by Fitch.
-
News
BVK expects to tap opportunistic real estate growth
SWITZERLAND – Swiss pension fund BVK is confident that opportunistic fund managers it has committed capital to will soon begin to see more opportunities in the global real estate markets.
-
News
Nebraska to tap discounted real estate secondary market
UNITED STATES - Nebraska Investment Council has approved a $40m (€29.4m) investment into the Landmark Real Estate Partners VI commingled fund.
-
News
Airport project leaves IVG in the red
GERMANY – German real estate company IVG reported net losses for 2009 of €158m – almost all of which can be attributed to a project near the Frankfurt airport, an IVG-spokesman confirmed to IPE.
-
News
Currency swing stifles positive return on institutional funds
EUROPE – Institutional European real estate funds on average delivered a negative euro-denominated return of -1.6% in 2009. But there was a huge variance of investment performance among funds over the 12-month period, according to Investment Property Databank (IPD).
-
News
Investors to decide gearing on L&G’s property income
UK – European institutional investors that have committed to Legal & General Property’s (LGP) new UK core fund have been given a choice over the level of gearing they will be exposed to.
-
News
Rothschild Realty sees fresh prospects for US housing
UNITED STATES - Rothschild Realty Managers has made a $100m (€74.9m) equity investment with Summit Housing Partners based in Montgomery, Alabama, on the back of renewed confidence in the housing market.
-
News
Chicago Policemen eye non-core opportunities
UNITED STATES – The Policemen’s Annuity and Benefit Fund of Chicago has issued a Request for Proposal for non-core real estate managers.
