European investors – Page 249
-
News
Investor demand sees Hermes shift money into PUT
UK – Hermes Real Estate will “phase” new investments into its UK Property Unit Trust (HPUT) following an upturn in demand from corporate pension funds and local authorities.
-
News
Consultancy LCP encourages return to UK property
UK – Consulting firm Lane, Clark & Peacock is advising its pension fund clients to move back into investing in UK property, following recently improved sentiment towards the UK commercial sector.
-
News
Maudsley lands a new role
EUROPE – Charles Maudsley, currently co-head of Europe for LaSalle Investment Management alongside Simon Marrison, is leaving to work for British Land and will not be replaced.
-
News
USS makes industrial move
UK – The Universities Superannuation Scheme (USS) has continued to build its exposure to the UK industrial sector with the purchase of the Great Western Industrial Park in Southall, West London for £110.4m (€124m).
-
News
Pension plan brings retail shopping to the coalface
UK – LaSalle Investment Management has bought a The Howard Centre UK shopping centre from Land Securities on behalf of Coal Pension Properties, the real estate arm of the British Coal Schemes Pension Plan.
-
News
UK office sees institutional resurgence
UK – An influx of cross-border investors caused investment activity in the central London office market to surge to a value of £2.7bn (€3bn) in the third quarter of 2009, according to CB Richard Ellis.
-
News
European rents have settled but problems still remain - JLL
EUROPE – Prime rental levels stabilised in the majority of European markets in the third quarter of 2009, according to Jones Lang LaSalle.
-
News
Alecta gains ground in Stockholm
SWEDEN – Swedish property company Jernhusen has sold a land site under the World Trade Center (WTC) in Stockholm to Alecta Pensionsforsakring, and bought neighbouring property Orgelpipan 6 from Folksam.
-
News
Aviva pensions vehicle buys a stake in Sainsbury’s
UK – Aviva Investors’ pooled UK real estate vehicle for pension funds has returned to the market by agreeing to buy a Sainsbury’s food store under development in County Durham, England.
-
News
UK pension fund sells LandSecs HQ
UK – LaSalle Investment Management has sold the headquarters of Land Securities in London on behalf of an unnamed pension fund client.
-
News
Savills sets focus on real estate alternatives
UK – Savills has launched a series of papers to identify alternative property sectors, in response to unprecedented volatility seen in the mainstream UK commercial real estate market.
-
News
ING to divest investment management
NETHERLANDS - ING will split its banking and insurance businesses and divest all of its asset management operation within four years.
-
News
VBV re-grades real estate as higher risk
AUSTRIA – The financial crisis has prompted Austrian pension fund VBV to view real estate investing as more risky and tactical in nature than previously assumed, and requiring a more flexible allocation policy.
-
News
INREV members fear market will not recover until 2011
EUROPE – Investor sentiment among the unlisted real estate funds community in Europe has deteriorated since the end of 2008 to the extent that most believe markets will not improve before 2011.
-
News
Varma acts on real estate regrowth
FINLAND – VR Pension Fund has re-entered the real estate market after a two-year absence, following the decision by a Finnish construction company to sell assets to local pension funds.
-
News
L&B Realty expands to Europe
UNITED STATES - L&B Realty Advisors is making its first venture into Europe with a partnership being formed with Mayfair Capital Investment Management.
-
News
Real estate future still uncertain for CEE
CENTRAL/EASTERN EUROPE – While Poland and the Czech Republic are showing signs of recovery, other CEE real estate markets are still suffering from a major investment withdrawal of assets over the last 12 months, according to Austria’s Erste Group.
-
News
Liability-driven investment ‘should contain property’
UK – Liability driven investment (LDI) portfolios should include commercial real estate, according to Pramerica Real Estate Investors.
-
News
USS disposes of industrial space
UK – The Universities Superannuation Scheme (USS) has sold 11 industrial assets from its recently acquired Equiton portfolio to Scottish Widows Investment Partnership Property (SWIP) Trust.
-
News
Aberdeen pension fund goes shopping in East Anglia
UK – Aberdeen Property Investors has purchased five retail units in the UK on behalf of the Aberdeen City Council Pension Fund.
