All articles by Daniel Brooksbank – Page 3
-
News
Credit Suisse nabs Rudolf for Swiss role
REAL ESTATE - Credit Suisse has appointed Claudio Rudolf as a director in charge of acquisition and sales for its Swiss Real Estate Asset Management business. “As a director, he will directly report to Markus Graf, head of Real Estate Asset ...
-
News
US funds 'double real estate commitments'
REAL ESTATE – The 50 largest public pension funds in the US made almost $20bn (€15.8bn) in new real estate commitments last year – double the 2004 figure – according to industry research. The total real estate holdings of t...
-
News
European real estate to get $100bn boost – S&P
REAL ESTATE – The introduction of UK and German retail estate investment trusts could boost result in $100bn in extra capital entering the market, says Standard & Poor’s. “The introduction of U.K. and German tax-efficient rea...
-
News
NIBC nabs three for real estate
REAL ESTATE – Dutch banking group NIBC has hired three pension industry real estate people as it expands its real estate and infrastructure unit. It said the move was part of its strategy “to grow the investment management activities f...
-
News
CalPERS’ real estate official McCook to retire
REAL ESTATE – Mike McCook, senior real estate investment officer at the $183bn (euro) California Public Employees’ Retirement Scheme, is to retire. An official at the Sacramento-based fund told IPE Real Estate that McCook is to retire ...
-
News
ABP in French office tie with Grosvenor
REAL ESTATE – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is to invest in French office real estate in a tie with the Duke of Westminster’s Grosvenor group. “We have not been active in the office market sinc...
-
News
Belgian pension funds get real estate kick
REAL ESTATE – Belgian pension funds’ real estate holdings returned 22.9% in 2005, according to Mercer Human Resource Consulting. “In contrast to the nineties when real estate investments performed poorly, in 2005 they achieved an...
-
News
Institution-backed Carnegie in SEK1.2bn deal
SWEDEN – “A small number of reputable institutions” are set to benefit as Carnegie Fastigheter seals a SEK1.2bn (€128m) Swedish property deal. Carnegie Fastigheter Sverige AB – set up last year by the investment bank ...
-
News
Institutions global net sellers in 2005 – JLL
REAL ESTATE – Institutional investors were net sellers of global real estate in 2005, according to Jones Lang Lasalle.
-
News
Three new real estate indices launched
REAL ESTATE – Three new real estate indices have just been launched by Dow Jones’ Stoxx affiliate. Zurich-based Stoxx said the measures are the Dow Jones STOXX 600 Real Estate Index, the Dow Jones STOXX Americas 600 Real Estate Index a...
-
News
Real estate returns 21% for Ontario Teachers
REAL ESTATE – The $96.1bn (€67.7bn) Ontario Teachers’ Pension Plan made a 21.3% return on its real estate portfolio in 2005. The figure compared to a 6.2% return for the benchmark. “Real estate, managed by the Cadillac F...
-
News
Pension funds back new Morgan Stanley fund
REAL ESTATE – Major pension funds around the world have invested in the new Morgan Stanley global real estate fund, the bank says. It said it has raised $4.2bn (€3.53bn) of equity for its Morgan Stanley Real Estate Fund (MSREF) V Inter...
-
News
ABP and ATP in UK real estate venture
REAL ESTATE – The Netherlands’ ABP and Denmark’s ATP have signed up for a £500m (€724m) real estate joint venture. The civil service and labour market funds have teamed up with the management team of Hemingway Properti...
-
News
UBS Asia real estate chief joins Goldman
REAL ESTATE – Goldman Sachs has hired Michael Smith, head of real estate in Asia at UBS, for its Singapore office. It’s also taken on Vincent Peng, head of UBS's corporate investment group for Singapore's Government of Singapore Inves...
-
News
Ontario fund to raise real estate allocation
REAL ESTATE – OMERS, the C$41.1bn (€30.0bn) Ontario Municipal Employees’ Retirement System, is to raise its real estate allocation to 12.5% from the current 8.1%. It comes amid a plan to raise its allocation to real estate, priva...
-
News
Ilmarinen real estate chief Kankuri exits
REAL ESTATE – Ilmarinen Mutual Pension Insurance Co. has hired Esko Torsti to take over from real estate head Timo Kankuri. Kankuri is to join Jaakko Pöyry Infra as president of the building services and telecom -business area of J...
-
News
Real estate no longer beating equities - Merrill
REAL ESTATE – Real estate is no longer outperforming equities, despite continued strong money flows, says Merrill Lynch. “The start of 2006 has been strongly positive both for global equity markets and property shares,” Merrill s...
-
News
Rodamco names Shell executive as CFO
REAL ESTATE – Rodamco Europe has named Shell finance executive Peter van Rossum to take over from former chief financial officer John de Die. It said van Rossum, 49, would join the company in April. He’s currently regional finance dire...
-
News
Dutch pension fund tenders €500m
REAL ESTATE – A Dutch pension fund has tendered up to €500m in Asian and European real estate via the IPE-Quest system. The fund expects to invest up to €250m into Asia (including Japan) and a similar sum into Europe during 2006 ...
-
News
Hypo Real Estate 2005 financing booms
REAL ESTATE – Hypo Real Estate gained €22.3bn in new real estate financing business in 2005, up from €12.6bn in the previous year. It said the figure was “considerably higher” than its 2005 target of €13.5bn. ...
