European investors – Page 247
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News
Varma agrees deal for Kesko retail stores
FINLAND – Varma Mutual Pension Insurance Company has entered into a sale and leaseback arrangement with The Kesko Group for 13 its stores, including one owned by the retailer’s pension fund.
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News
HSBC Pension Fund sells UK real estate holding
UK – The HSBC Pension Fund has sold Wilmslow Park in central Manchester to Legal & General (L&G) Property’s Managed Fund.
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News
UK’s Merchant Navy Pension rebalances real estate
UK – The Merchant Navy Officers Pension Fund (MNOPF) has sought to rebalance its UK real estate portfolio and sold three commercial real estate assets in the UK, for almost a third more than recent valuations.
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News
BP pension fund and GPE buy a piece of London’s Regent St
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).
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News
Merchant Navy sells Waitrose property (amended)
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.
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News
IVG moves out of direct German property management
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.
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News
Internos pays €2 for GPT Halverton
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.
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News
Meulenbelt to step into Cooper’s shoes at ING RE
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.
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News
Prupim secures derivatives marker for real estate
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).
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Magazine
Join the club
From next year property industry associations in Asia and Europe will begin recruiting pension fund members. But why should they join? Shayla Walmsley reports
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MagazineChange of perception
For VBV’s Günther Schiendl the economic crisis has changed the real estate landscape. No longer can it be considered to be the stable, long-term source of liquidity it once was. In addition to greater liquidity risk comes the hard lesson that the reality can be more dramatic than the worst-case ...
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MagazineDomestic bliss
As the economy improves, Swedish pension funds are renewing their search for quality investment products at home, says Gail Moss
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MagazineFortress Norway
Although relatively resilient, Norway has been unable to avoid an overheating property market. And now the country’s biggest investor is about to test the water, as Gail Moss reports
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Magazine
Safe as houses
Domestic real estate is still the safe option for Finnish investors. But they are beginning to look overseas for further core, growth and opportunistic investments, says Gail Moss
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MagazineNew interest
The rebound in equities means Danish investors are now underweight in real estate and looking to rebalance with new allocations. Gail Moss reports
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Magazine
Feeling better – slowly
Some Icelandic investors are looking to real estate to help them improve performance, but in the wake of the country’s financial collapse prospects are limited. Gail Moss reports
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News
UK to discuss next step to residential investing
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.
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News
Orion’s Europe III captures €1bn
EUROPE – Orion Capital Managers has closed the capital raising programme for its latest European opportunity fund, breaking its publicly-stated fundraising target of €1bn.
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News
Fresh Fof expertise decamps to Aviva
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.
