All Real Assets articles in December 2009 (Online)

View all stories from this issue.

  • BP pension fund and GPE buy a piece of London’s Regent St
    News

    BP pension fund and GPE buy a piece of London’s Regent St

    2009-12-21T16:40:00Z

    UK – F&C REIT Asset Management and AREA Property Partners have sold one of the top assets from the Dawnay Day portfolio they acquired in March to the BP pension fund and Great Portland Estates (GPE).

  • Merchant Navy sells Waitrose property (amended)
    News

    Merchant Navy sells Waitrose property (amended)

    2009-12-21T16:36:00Z

    UK – Wilky Fund Management has sold a Waitrose supermarket store in Cheadle Hulme on behalf of the Merchant Navy Officers Pension Fund, which is considering reducing its real estate exposure.

  • IVG moves out of direct German property management
    News

    IVG moves out of direct German property management

    2009-12-21T16:34:00Z

    GERMANY – The IVG real estate group is slimming down its operations and transferring its German property management activities to third parties following a bidding process.

  • Wisconsin turns to real estate fund of funds
    News

    Wisconsin turns to real estate fund of funds

    2009-12-21T16:33:00Z

    UNITED STATES - Wisconsin State Investment Board has made a $27.5m (€18.8m) investment in the Core Plus Real Estate Fund Q, which is structured by the pension fund as a convertible preferred equity investment.

  • Internos pays €2 for GPT Halverton
    News

    Internos pays €2 for GPT Halverton

    2009-12-21T16:30:00Z

    EUROPE – Internos Real Investors, the fund manager founded by Jos Short and Andrew Thornton, has acquired GPT Halverton (GPTH), giving it an established European investment platform.

  • Pension funds to tap struggling US hotels market
    News

    Pension funds to tap struggling US hotels market

    2009-12-21T16:28:00Z

    UNITED STATES- US pension funds are returning to the real estate investment market to plug into opportunities in the struggling upscale hotel market.

  • Meulenbelt to step into Cooper’s shoes at ING RE
    News

    Meulenbelt to step into Cooper’s shoes at ING RE

    2009-12-21T16:27:00Z

    GLOBAL – Jan Meulenbelt has been announced as the replacement for Nick Cooper, who is leaving as global head of ING Real Estate Select - the global multi-manager business he helped established.

  • Prupim secures derivatives marker for real estate
    News

    Prupim secures derivatives marker for real estate

    2009-12-21T16:24:00Z

    UK – Prupim, the real estate division of UK life assurer Prudential, has executed a series of UK property derivatives valued at more than £100m (€110m).

  • Asian real estate flourishes ahead of US and Europe
    News

    Asian real estate flourishes ahead of US and Europe

    2009-12-14T17:33:00Z

    ASIA – Real estate markets in the Asia Pacific region have fared better in the aftermath of the global recession than their counterparts in the US and Europe, according to a new report by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

  • CalPERS considers real estate clearout
    News

    CalPERS considers real estate clearout

    2009-12-14T17:28:00Z

    US – California Public Employees’ Retirement System (CalPERS) has, or in is in the process of, sacking a number of real estate managers, according to a report from its advisers Pension Consulting Alliance (PCA).

  • LA Fire and Police raise concerns over real estate performance
    News

    LA Fire and Police raise concerns over real estate performance

    2009-12-14T17:27:00Z

    UNITED STATES- Los Angeles Fire and Police Pensions has placed Heitman Capital, Sentinel Real Estate and Urdang Capital on watch after underperforming the pension fund’s benchmark.

  • UK to discuss next step to residential investing
    News

    UK to discuss next step to residential investing

    2009-12-14T17:25:00Z

    UK – The UK government will launch a consultation in 2010 on the private rented residential sector, which has been attracting interest from institutional fund managers and pension funds.

  • Orion’s Europe III captures €1bn
    News

    Orion’s Europe III captures €1bn

    2009-12-14T17:22:00Z

    EUROPE – Orion Capital Managers has closed the capital raising programme for its latest European opportunity fund, breaking its publicly-stated fundraising target of €1bn.

  • Texas Teachers moves into Pan-Asian real estate
    News

    Texas Teachers moves into Pan-Asian real estate

    2009-12-14T17:19:00Z

    UNITED STATES – The Teachers Retirement System of Texas has approved a $150m (€101.2m) into the Fudo Capital Fund II commingled fund, to gain exposure to the Asian real estate market.

  • Fresh Fof expertise decamps to Aviva
    News

    Fresh Fof expertise decamps to Aviva

    2009-12-14T17:14:00Z

    EUROPE – The transferral of BlackRock’s European fund of funds expertise to Aviva Investors continued last week as fund manager Catriona Allen is the latest to move to the asset manager.

  • USS swaps retail for more warehouse space
    News

    USS swaps retail for more warehouse space

    2009-12-07T17:31:00Z

    UK – A complex deal between Universities Superannuation Scheme (USS) and Henderson Global Investors has enabled the pension fund to diversify its UK retail warehouse portfolio, while the investment manager has reduced the leverage in one of its funds.

  • UK property debts reduce but covenant breaches double
    News

    UK property debts reduce but covenant breaches double

    2009-12-07T17:27:00Z

    UK – The volume of debt secured against UK commercial real estate fell in 2009, but the value of loans reported to be in breach of financial covenant almost doubled in the first half of the year, according to a new study.

  • ING RE FoF shake-up shakes out Cooper
    News

    ING RE FoF shake-up shakes out Cooper

    2009-12-07T17:25:00Z

    GLOBAL – Global multi-manager ING Real Estate Select is to lose its founder and chief executive because it is relocating to its parent company’s home country.

  • CalSTRS’ real estate falls another $327m
    News

    CalSTRS’ real estate falls another $327m

    2009-12-07T17:22:00Z

    UNITED STATES - The California State Teachers Retirement System saw the value of its real estate portfolio fall by another $327m (€217m) during the third quarter of 2009, confirming the difficult market conditions that US pension funds are still suffering.

  • Schroder predicts volatile UK property upswing
    News

    Schroder predicts volatile UK property upswing

    2009-12-07T17:19:00Z

    UK – The sharp turnaround in the performance of the UK commercial real estate market is set to continue through the first six months of 2010 although activity will not be smooth, according to Schroder Property Investment Management.