All articles by Daniel Brooksbank – Page 2
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CalSTRS to put 11% into real estate
REAL ESTATE – The California State Teachers' Retirement System is looking to real estate as it rejigs its investments and tries to plug a $20bn (€15.7bn) funding gap.
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Swiss foundation tenders real estate
REAL ESTATE – A Swiss investment foundation has tendered $100m+ (€78.7m) in global passively managed publicly traded real estate via IPE-Quest. The search (QN658) says: “The client is looking for a global mandate that will theref...
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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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Singapore’s GIC in €300m Munich purchase
REAL ESTATE – The Government of Singapore Investment Corporation’s GIC Real Estate has bought two Munich properties from Hines for more than €300m. Its bought the new completed office properties on Georg-Brauchle-Ring, which are ...
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ESPS terminates €1.48bn real estate brief
UK – The €27bn Electricity Supply Pension Scheme has terminated its £1bn (€1.48bn) real estate mandate with F&C, the asset manager says. The disclosure came as F&C unveiled a pre-tax loss of £21m for the first h...
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Myners joins Land Securities as chairman
UK – Paul Myners, the former Gartmore chief who wrote an influential report on institutional investment for the government, is to join real estate firm Land Securities as chairman. Myners stepped down as chairman at retailer Marks & Spen...
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Rabobank buys Bouwfonds for €845m
REAL ESTATE – As expected, Rabobank has agreed to buy ABN Amro’s real estate development and asset management unit Bouwfonds for €845m. ABN Amro announced the sale in December last year and IPE Real Estate reported that initial i...
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ABP in €417m Barcelona hotel deal
REAL ESTATE – Dutch civil service pension fund Stichting Pensioenfonds ABP and partners including an affiliate of the Government of Singapore Investment Corp. have agreed to buy the Hotel Arts Barcelona for €417m. Maryland-based Host H...
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IPE-QUEST: Dutch fund tenders real estate
NETHERLANDS – A Dutch pension fund has tendered €50m-60m in pan-European publicly traded European real estate via IPE-Quest. The investor is looking for a manager to actively manage a mandate of publicly traded European real estate, sa...
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Investors now ‘more choosy’ on real estate IPOs
REAL ESTATE – Merrill Lynch reckons investors have become more discriminating about new real estate share issues recently. It follows what it calls an earlier “indiscriminate” flood of cash from investors into real estate initial...
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SocGen real estate chief exits in revamp
REAL ESTATE – Quoc-Gian Tran, global head of real estate at Societe Generale Asset Management’s alternatives arm, is leaving to be replaced by Jean-Christophe Ginet. Tran plans a “new departure to his career” a statement sa...
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IPD names Callender’s replacement
REAL ESTATE - Real estate data firm IPD has named Malcolm Frodsham to take the director of research role vacated by Mark Callender last year. Callender – research chief since 2001 – joined Schroders as head of international property re...
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Finland’s Varma offloads €74m of retail
REAL ESTATE – Varma Mutual Pension Insurance Co., Finland’s largest private insurance company, has agreed to sell 116 retail properties to a real estate fund. Sveafastigheter Fund II said it has signed an agreement to acquire the prope...
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New editor named at IPE Real Estate
GLOBAL – Martin Hurst, features writer at IPE Magazine, is to take over as editor at sister publication IPE Real Estate. Hurst has been with IPE since 2004 and last year won the Best Fund Management Trade Journalist award at State Street Glo...
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Pirelli Real Estate’s Spazio to list in London
REAL ESTATE – Pirelli & C. Real Estate SpA’s Spazio Industriale Investments I BV is to list on London’s Alternative Investment Market in a listing aimed solely at institutional investors. “The Italian industrial real es...
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LaSalle's Ryall joins Gellatly at MLIM
REAL ESTATE - Merrill Lynch Investment Managers has hired LaSalle Investment Management's Matthew Ryall. MLIM said Ryall would be a director in its real estate research and strategy team - "with particular responsibility as fund manager for t...
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Credit Suisse real estate arm gets new MD
REAL ESTATE - Beat Schwab is to replace Alois Weibel as managing director of Credit Suisse’s Swiss real estate services arm Wincasa. Weibel is to retire from January 1 next year, the firm said in a release. The firm employs around 300 peo...
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ABP involved in €484m hotels deal
REAL ESTATE – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is among a group that has bought four European hotels in a deal that will eventually be worth around $621m (€484m). The giant civil service fund, along wit...
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European fund tenders $100m+ in real estate
REAL ESTATE – A continental European corporate pension fund has tendered substantially excess of $100m (€78m) in indirect global real estate via IPE-Quest. The search (QN624) states the investor has no preferred benchmark (although the...
