European investors – Page 267
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News
NYSTRS provides the finance for real estate mortgages
UNITED STATES - New York State Teachers Retirement System has expanded its real estate portfolio with a commitment to several mortgaged transactions and a commingled fund.
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News
Ohio School Employees commits to office fund
UNITED STATES - School Employees Retirement System of Ohio has approved a commitment of $50m (€32.1m) into the Beacon Capital Strategic Partners VI commingled fund.
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MagazinePool position
The SICAV is a reassuringly credible structure for risk-cautious pension funds. But the Luxembourg SICAV faces competition from an ambitious Belgian alternative.
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MagazineKeep it simple
Securitisation is bereft of liquidity but there are faint signs of hope. Managers should note that investors will not be impressed with over-complex structures.
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Magazine
Latin attraction
Milan and Rome offer Italy’s brightest prospects as occupiers become more sophisticated, but Rome remains challenging, says Ian Cundell
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Magazine
Good outlook for Europe’s under-achiever
The obscurity and unreliability of Italy’s real estate market should not deter investors. Those who persevere should fare well as the market becomes more mature. Alice Breheny reports
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MagazineLife after the bull
Spain is a highly leveraged market and is suffering more than most from the credit crisis. The outlook is not particularly rosy either, writes Ian Cundell
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MagazineNavigating the private market
Greece offers interesting opportunities but they are small, and landlord-tenant law poses additional challenges, as Ian Cundell reports
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MagazineHealthy option
Medical offices’ stable cash flows and compelling demographics make them a safe haven for investors in an economic downturn, writes Lynn Strongin Dodds
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MagazineDiversified content yields performance
Converging returns in Europe and a possible change in the role of property were among the subjects at covered IPD’s European investment conference in Berlin. Richard Lowe was there
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News
European office still seen as positive space
EUROPE - Rents will fall but much of the European office market is likely to remain positive in the near future, even though at least 20% of the tenant base in major cities is in financial services, suggests Pramerica.
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News
European focus shifts to air and rail operators
EUROPE – Infrastructure asset managers say new investment opportunities could be emerging for institutional investors as a flurry of new deals are expected to come to the market in the management of air and rail operators.
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News
Alaska Permanent Fund makes major commitment to infrastructure
UNITED STATES - The Alaska Permanent Fund Corporation has approved new commitments for infrastructure totaling $750m (€476.2m).
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News
ABP joint venture spends €2.7bn in shopping spree
NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).
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News
Québec enters scramble for Russia
CANADA/RUSSIA - Ivanhoe Cambridge, the €8bn shopping centre subsidiary of the CA$155.4bn (€98.3bn) Caisse de dépôt et placement du Québec, has acquired a Moscow shopping centre for an undisclosed figure.
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News
Consortium completes German HighStreet purchase
GERMANY – A consortium comprising of RREEF Alternative Investments, the Borletti Group, the Generali Group, and Pirelli RE today announced it has completed the acquisition of a 49% stake in “Highstreet”, the investment company owning the majority of Karstadt’s German department store premises.
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News
Opt for Reading over Riyadh - fund manager
MIDDLE EAST – Pension fund real estate investors should steer clear of the Middle East property, use debt if you can get it, and wait for a property market turnaround in the UK, according to asset managers.
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News
Market expansion ends at Leipzig
GERMANY - The outward spread of Germany’s property market will halt at Leipzig, the outpost of international investibility, according to Sascha Hettrich, managing partner of King Sturge’s German office.
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News
Ohio PERS goes global with REITs
UNITED STATES – Officials at the Ohio Public Employees Retirement System have voted to allow investments in public real estate on an international basis.
