Europe – Page 462
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Magazine
Getting focused
ING Real Estate’s fund of funds business goes global and Asia Pacific products continue to accumulate. In Europe, lower expected returns from core direct new fund launches towards distressed opportunities, alternatives assets and sector-focused strategies.
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MagazineA vital interface
Is the property industry too wary of the EU? The Union has a central role in bringing the industry together. John Frederiksen reports
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News
Swiss funds still favour real estate
SWITZERLAND – Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim.
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News
Oregon PERF moves into infrastructure
UNITED STATES - Oregon Public Employees Retirement Fund has made its first move into an infrastructure commingled fund and approved a $200m (€140.3m) commitment into the Alinda Infrastructure Fund II.
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MagazineHome or away?
Continental Europe is the obvious next step for UK pension funds keen to diversify their domestic-based portfolios. But, as Richard Lowe discovers, its deteriorating outlook has strengthened the case for ‘going global’ while many are seeking opportunities at home
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MagazineVariations on a catch-up theme
CEE pension fund allocations to real estate are still small compared with those of their western European counterparts as the region’s pensions property patchwork gets to grips with the asset class.
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MagazineThe Black Forest
A recent EPRA study found the quality of reporting of listed property companies in Germany below the European average. A new Feri survey finds variations within Germany, as well as serious transparency shortfalls in Austria and Switzerland.
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MagazineReturn to reason
The correction in European secondary hides sector and market exceptions to the ‘flight to quality’.
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News
Union seeks growth through Axa CEO
GERMANY - Hamburg-based investment management firm Union Investment Real Estate (Union) has appointed Karl-Joseph Hermanns-Engel to its management board with specific responsibility for the €14bn firm’s international asset management operations.
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News
Russia to be avoided, warns JP Morgan
RUSSIA - Investors should avoid Russia as a potential area of growth as its property markets will be the hardest hit if the world’s largest country is drawn to the impending global recession, JP Morgan Chase has claimed.
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News
Germany steps in protect Hypo’s funds behind the funds
GERMANY – A consortium of German banks has stepped in at the eleventh hour to provide Hypo Real Estate, a provider of loans and financing to real estate purchases and funds, with assets to meet its financing obligations.
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News
Three out of four funds stand firm to real estate
UK – Three-quarters of UK pension funds are either maintaining or increasing their current level of exposure to real estate despite the recent turmoil in their domestic commercial property market.
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News
Non-listed real estate stays top buy in poor conditions
EUROPE - Non-listed real estate funds remain the asset class of choice among institutional investors looking to increase their investments in European real estate in turbulent times, according to a study by INREV, the Amsterdam-based European association for investors in non-listed real estate vehicles.
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News
MEAG appoints new managing director for real estate
GERMANY - Munich Ergo Asset Management (MEAG) has appointed Günter Manuel Giehr as head of its global real estate operations.
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News
Swiss cut real estate investment limit
SWITZERLAND – The Swiss government has passed new investment regulations for Pensionskassen which put more emphasis on the prudent person principle and the responsibility of heads of Pensionskassen but which also lower the investment limits on assets such as real estate.
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News
REIT changes demanded
GERMANY – German REIT companies have a long list of demands on how to change the REIT legislation, according to the online information portal www.reits-in-deutschland.de.
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News
IVG and Metzler lose their heads
GERMANY – German real estate company IVG will have to look for a new chief executive as Wolfhard Leichnitz is leaving the company at the end of September.
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News
CalPERS uses $700m to tap opportunity
UNITED STATES - California Public Employees Retirement System is continuing to pursue its international real estate investment strategy by placing $700m (€493.8m) in real estate commingled funds generating targeted net IRRs of 20%.
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News
ABP extends hotel holdings in key European cities
EUROPE - Europe’s second-largest pension scheme ABP, the Netherland’s huge €215bn public service fund, has expanded its European real estate portfolio with the purchase of six hotels in Paris, Amsterdam and Düsseldorf.
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News
Propinvest seals largest ever European property deal
SPAIN - London-based real estate investment and management specialist Propinvest has acquired the global headquarters of Spanish banking giant Banco Santander, for €1.9bn – the largest ever European real estate deal.
