Capital Raising News – Page 191
-
News
Finnish VER to boost alternatives
FINLAND – The €11.53bn Finnish first pillar Valtion Eläkerahasto (VER) pension scheme, is planning to increase its exposure to alternative investments to 10%.
-
News
Property corporate governance ‘varied’
EUROPE - An EPRA study has shown there is no pan-European pattern in corporate governance across property firms – though the mean scraped a pass, scoring 9.73 out of 16.
-
News
Pennsylvania puts $925m beyond the core
UNITED STATES - Pennsylvania Public School Employees’ Retirement System has approved $925m (€598.8m) into new real estate investments through a variety of non-core commingled funds.
-
News
Waterton moves into hotel
UNITED STATES - Waterton Associates is set to create a hotel investment fund for the first time in the company’s history.
-
News
LA Fire and Police survey property risks
UNITED STATES - Los Angeles Fire and Police Pensions are considering investing as much as $300m (€194.1m) in real estate this year as part of its 2008 investment plan.
-
News
Bank of Finland scheme awards real estate mandate
FINLAND – Suomen Pankki, the Bank of Finland Pension Fund, has awarded Aberdeen Property Investors a real estate mandate valued at approximately €10m.
-
News
Sponda sticks with Russia despite Finnish optimism
RUSSIA – Sponda’s chief executive Kari Inkinen said the Finnish property firm was on course for its planned Russian expansion despite a fall in interim profits from the same period last year.
-
News
Pirelli punts on Euro-property fund
EUROPE - Pirelli Real Estate is targeting international pension funds with an opportunistic pan-European property fund it plans to launch early next year.
-
News
UK residential ready for institutions
UK - The UK residential market is ready for pension fund investors despite being fragmented and dominated by amateur property managers, according to property firm Nice.
-
News
Texas Teachers approves $862.5m in new structures
UNITED STATES - Teacher Retirement System of Texas approved $862.5m (€557.9m) in real estate commitments in April, including one deal which has the structure of a commingled fund but is in fact a separate account.
-
News
NYSTRS approves $405m for real estate
UNITED STATES - New York State Teachers Retirement System (NYSTRS) has approved $405m (€260.4m) in new real estate commitments to non-core strategies.
-
News
LaSalle creates hotel JV
UNITED STATES - LaSalle Investment Management and public Reits LaSalle Hotel Properties have formed a $700m (€455.3m) joint venture to invest in US hotels.
-
News
Pennsylvania State commits to senior housing fund
UNITED STATES - Pennsylvania State Employees Retirement System has already approved a $25m (€16.2m) commitment to Senior Housing Partners IV commingled fund.
-
News
TIAA-CREF moves into commingled space
UNITED STATES - TIAA-CREF has created its first commingled fund to be backed by third-party investment capital.
-
News
ABP-owned firm sells office portfolio
EUROPE - Corio, the Dutch property firm 37%-owned by the €220bn ABP pension fund, has sold its Dutch office portfolio for €650m - 1.5% below book value.
-
News
Aberdeen buys real estate rival Goodman for £109m
GLOBAL – Aberdeen Asset Management’s real estate subsidiary Aberdeen Property Investors has snapped up a deal to buy its rival Goodman Property Investors for £109m (€140m).
-
News
Morgan Stanley brings $2.5bn to Special Sits III
UNITED STATES - Morgan Stanley Real Estate has attracted $2.5bn (€1.6bn euros) of institutional capital for the latest round of fund raising for Special Situations Fund III.
-
News
Pramerica creates UK senior housing vehicle
UNITED STATES - Pramerica Real Estate Investors has setup a new co-investment entity to invest in senior housing in the United Kingdom, to sit alongside its PRECO III commingled fund.
-
News
Indiana PERF moves $150m into real estate
UNITED STATES - Indiana Public Employees Retirement Fund has approved commitments totaling $150m (€
-
News
Orange County works on commingled fund manager search
UNITED STATES - Orange County Employees Retirement System is nowworking on a search to hire new commingled fund real estate managers.
