Europe – Page 460
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News
INREV's Carpenter to build up Asia-Pacific cooperation
GLOBAL – The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has sent its former acting chief executive Andrea Carpenter to work with its counterpart in the Asia Pacific region, ANREV, on a temporary basis.
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News
Portfolio deals on the rise as ING sells Canadian industrial fund
GLOBAL – Alberta Investment Management Corporation (AIMCo), which manages more than CA$70bn (€51.6bn) for Alberta pension schemes, is to acquire a 50% stake in the CA$2bn ING Summit Fund.
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News
Malaysian pension fund allocates €1.2bn to UK property
GLOBAL – Malaysia's first-pillar pension scheme has allocated £1bn (€1.2bn) to UK real estate in expectation of a long-term annual yield of 6-7%.
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News
RREEF: Seoul 'safer than London'
GLOBAL – Investors will take refuge in Asian markets from "considerably riskier" developed markets such as London, according to RREEF Germany managing director Clemens Schaefer.
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Merseyside pension scheme tenders for property asset manager
UK – The £4.2bn Merseyside Pension Fund (MPF) is tendering the position of property asset manager for its UK-based direct real estate investments.
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News
Institutional investors could allocate 25% to open real estate, academics say
GLOBAL – A manager could invest as much as one-quarter of his portfolio into open real estate funds and still boost performance while decreasing risk, according to researchers from the German WHU Otto Beisheim School of Management and the Ludwig-Maximilians university in Munich.
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News
Medicx fund highlights growing investor interest in healthcare
UK – A healthcare fund run by specialist investor and developer Medicx has raised £45m (€55.1m) in capital from a number of institutional investors, the National Grid UK Pension Scheme, the Merseyside Pension Fund, Henderson Global Investors and Prudential.
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News
Pramerica to take on UBS ground lease fund
UK – Pramerica Real Estate Investors will take over from UBS Global Asset Management as investment adviser for the UBS Secure Income Property fund.
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News
BA Pensions teams up with Columbus on City office buy
UK – The British Airways Pension Fund has entered into a 50/50 joint venture with the Columbus UK Real Estate Fund to acquire London City office Austin Friars House for £25m (€30.6m).
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News
New index rates London City offices 'hottest' CRE market
GLOBAL – A new commercial property index launched in London this week found London City offices to be the world's most attractive commercial real estate market, underpriced by 11.6%.
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News
Rockspring completes multiple Spanish sale and leaseback deals
SPAIN – Rockspring Property Investment Managers has completed a €45m sale and leaseback deal in Spain on behalf of an unnamed UK pension fund.
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News
Polish pension property reform 'would not eliminate risk'
POLAND – Asset managers would be unlikely to take on Polish pension funds' property portfolios even if domestic reforms were to lift restrictions on them investing in alternatives, according to Dariusz Stánko, a specialist at the Warsaw School of Economics.
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News
LaSalle KAG to tap mid-sized pension funds
GERMANY – The new German capital investment fund (KAG) announced by LaSalle Investment Management last week will tap small and medium-sized pension schemes struggling to adapt to globalisation.
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News
CEE transactions up, driven by prime retail
EUROPE – Liquidity for larger deals has improved due to greater activity from cross-border investors, according to a CBRE report on European retail.
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News
Pension schemes shifting toward city centres, says Cushman & Wakefield
EUROPE – European pension schemes are diverting their retail exposure away from shopping centres toward city-centre high streets in search of higher yields generated by active management.
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News
UK pension fund offloads estate after falling floors undermine asset
UK – The Coal Mineworkers Pension Fund has sold an industrial estate in Poole, Dorset, for £3m (€3.6m) after the floors of the 16-unit asset started sinking.
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Magazine
When Europe sneezes
The Greek crisis has been not about Greece, but Germany. Faced with a ‘pale, anaemic and drawn out’ euro-zone recovery, investors will head to Poland. Shayla Walmsley reports
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Magazine
Back in play
Dutch pension funds pioneered international investment. Today they are emerging from a period of re-evaluation with sights set on firm goals for their RE portfolios. Richard Lowe investigates
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Magazine
There’s no place like home
Faced with a desire for more control, Solvency II pressures and an attractive domestic office market, French investors are focusing on their home market. Richard Lowe investigates
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Magazine
Pressure on allocations
Market volatility has threatened to end Belgian pension funds’ commitment to listed real estate. Investors are seeking non-listed exposure but the right investment solutions have yet to materialise. Richard Lowe reports
