European investors – Page 271
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News
Market pressures force fund extensions
EUROPE – Non-listed real estate funds are increasingly extending the life of their vehicles rather than liquidating them in a bid to avoid the forced sale of their assets at current low market prices, the European Association for Investors in Non-listed Real Estate Vehicles (INREV) has found.
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European real estate shown as Canadian target
CANADA/EUROPE - Major Canadian pension funds continue to invest in European real estate, despite the credit crunch, as consumer and investor confidence remains high, according to DTZ.
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Pennsylvania Public School takes $286m risk
UNITED STATES - Pennsylvania Public School Employees Retirement System has allocated $286m (€210m) in two commingled funds to target high returns in European mortgages and Asia.
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BP deal squares up to property downturn
UK- BP’s pension fund real estate arm Ropemaker Properties has formed a £100m UK investment fund called Cubemaker Partnership with London-based property company Cube Real Estate, that aims to take advantage of the economic downturn and acquire cheap assets.
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London tops the office expenses
UK - London remains the most expensive office market in the world, according to the latest research by London-based global commercial property investment consultants, CB Richard Ellis (CBRE).
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DEGI continues European expansion
BELGIUM – DEGI, the €6bn German specialist property investment group, has bought a major European Union (EU) office complex in Brussels, in a deal worth €90m.
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German investors dominate in falling London markets
EUROPE - The Central London commercial property markets are continuing to fall under pressure from the current financial and economic crisis but indicators suggest overseas investors are still willing to consider deals, according to London-based commercial real estate services firm Cushman & Wakefield.
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MagazineAll eyes east
Some of Europe’s eastern markets are showing strong progress but investors must watch prices as risks increase in some areas. Mark Faithfull reports
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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.
