European investors – Page 273
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News
Europe wins lion’s share of real estate inflows
EUROPE - Europe was the major target of global capital flows for real estate transactions in 2007, capturing 40% of the total $339bn (€215bn) in real estate transactions last year, according to data released by Real Capital Analytics (RCA).
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News
Financial crisis will affect 2008 result – IVG
GERMANY – While real estate asset manager IVG and some of its competitors reported record earnings for 2007, the companies there will fear the financial crisis will have a major impact on this year's results.
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News
New Jersey commits to high return fund
UNITED STATES - New Jersey Division of Investment has approved a $100m (€64.1m) commitment to the Lehman Brothers Real Estate Partners III commingled fund.
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News
San Diego City expands its international focus
UNITED STATES - San Diego City Employees’ Retirement System is growing its international real estate investment program by investing in a commingled fund and moving its domestic REIT program to a global stage.
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News
Ohio Police & Fire invest $162m in real estate
UNITED STATES - Ohio Police & Fire pension fund has approved a real estate strategy to invest $162m (€103.8m) in the asset class for 2008.
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News
PREA delegates call the real estate recession
GLOBAL - It will take around 18 months for capital markets in commercial real estate to return to normal – that was the consensus among the more than 700 delegates attending the PREA Spring Conference in Boston last week.
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News
BP pension fund signs central London JV
UK – BP’s UK pension fund has launched a joint venture that will give the £13.8bn (€19bn) scheme access to central London assets as part of a broader drive to increase its exposure to property.
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News
Logistics remains strong, except in UK
EUROPE - Logistics is still outperforming other European sectors despite a 12% fall in direct investment last year compared with 2006.
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News
Aberdeen pulls out of Swedish retail
SWEDEN - Aberdeen has radically reduced its exposure to Swedish retail, just weeks after the 2007 Swedish Annual Property Index claimed it as the year’s top-performing sector.
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News
Latecomer Swede enters Finnish market
FINLAND - The German fund management arm of Swedish bank SEB has acquired the first Finnish asset for its ImmoInvest open-ended fund, in a €23m deal for an airport-city office block outside Helsinki.
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Magazine
Ringing the changes
The race is on to take advantage of UK real estate opportunities, as well as broadening out into European infrastructure. Richard Lowe reports
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MagazineTravelling far in search of comfort
Disappointment over the new G-REIT has shifted the attention of German pension funds farther afield. Diversification is the clear driver, as Richard Lowe reports
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MagazineSeize the opportunity
Austrian pension funds are adopting a strategy of broadening the investment horizon in terms of regions and vehicles. Barbara Ottawa reports
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News
Finnish fund’s property cap to stay
FINLAND - Investments in the €12bn Finnish state pension fund VER will continue to be driven mainly by “traditional risk limitations”, despite the growth in recent years of its real estate and infrastructure portfolios.
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News
RREEF enters German retail market
GERMANY - A RREEF-dominated consortium is to acquire 164 German properties housing Karstadt department stores, via a 49% stake in Canadian fund manager Highstreet.
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News
Protego seizes off-market opportunity to shop
FINLAND - Protego Real Estate Investors has acquired Helsinki’s Kamppi shopping centre for €452.5m in an off-market deal.
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MagazineNorthern light dims – slightly
Investors in Stockholm are waiting on the sidelines. Sub-prime fears persists but the city’s strong fundamentals may well see it weather the storm, as Lynn Strongin Dodds reports
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MagazineMarket report: Stockholm sizzles while other markets sweat
The Nordic economies have generally outperformed those in the rest of Europe historically, and this has been particularly marked in the last business cycle from the mid 1990s.
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MagazineReward for industry
Pension funds looking for a stable investment would do well to consider a sector that is too often overlooked, writes Christine Senior
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MagazineMarket report: France – lure of the south
The last five years have seen industrial property in France graduate from a niche sector to the mainstream investment market.
