All Investment Vehicles articles – Page 274
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Responsible investment fund to develop UK care homes
UK – A new socially-responsible real estate fund backed by local authority pension funds has invested in the UK care home sector.
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Aberdeen claims core European real estate has bottomed
EUROPE – Aberdeen Property Investors has begun buying real estate again for its core pan-European institutional fund now that it believes many of the continent’s prime markets have bottomed out.
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Kansas PERS turns attention to core real estate
UNITED STATES - Kansas Public Employees Retirement System has made a $100m (€73.5m) allocation to the LaSalle core commingled US Property Fund.
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RBS foreclosure signals start of uncertainty - Aviva
EUROPE – Aviva Investors is expecting to see more bank foreclosures following Royal Bank of Scotland’s (RBS) assumption of a German office portfolio owned by Morgan Stanley, but warned that commercial mortgage-backed securities (CMBS) refinancing will be a greater source of market uncertainty.
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Mn presses funding extension talks for PME and PMT
NETHERLANDS – Mn Services is in discussions with 25 global real estate fund managers, on behalf of Pensioenfonds Metaal en Techniek (PMT) and Pensioenfonds van de Metalektro (PME), about an extension to fund investment periods.
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DEGI forced to reiterate Global Business stance
GERMANY – Aberdeen Asset Management Deutschland said it is working hard to ensure the DEGI open-ended Global Business fund for institutional investors can re-open in the future, despite reports suggesting it may need to be liquidated in March.
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Manchester pension fund to rebuild office eyesore as beauty
UK – The £7.39bn (€8.48bn) Greater Manchester Pension Fund, the largest local authority scheme in the UK, has been given the green light for a major office redevelopment project in Manchester city centre.
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German property faces fresh freeze
GERMANY – Open-ended real estate funds in Germany have suffered another bout of redemption freezes following writedowns in property valuations.
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LGP is latest to drive inflation-linking real estate
UK – Legal & General Property (LGP) has become the latest fund manager to offer defined benefit pension funds access to real estate providing inflation-linked income.
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Ohio PERS eyes apartments and mortgages
UNITED STATES – The Ohio Public Employees Retirement System has issued Requests for Information (RFI) concerning separate account managers working in the residential apartments and first mortgage loan portfolios space.
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Pension funds pile into UK property
UK – Pension funds and other institutional investors poured more capital into the UK real estate market in the fourth quarter of 2009 than during any other three-month period on record, according to the Association of Real Estate Funds (AREF).
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UK pension funds to tap smaller property deals
UK – A number of large UK corporate pension funds will take advantage of a neglected segment of the real estate market through a new fund managed by First Property Asset Management (FPAM), a subsidiary of First Property Group.
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IPD update forces questions about UK recovery
UK – The latest results from Investment Property Databank’s (IPD) UK quarterly property index have prompted fund managers to question the sustainability of the market’s recovery.
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Property bounce aides Belgian pension funds
BELGIUM – A study of 90 active pension funds by consultancy Mercer suggests Belgian pension funds returned a median of 18.5% on investments by the end of 2009, thanks to a rally in equities and real estate.
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Clavis Walden paifs the way with new structure
UK – Clavis Walden has become the first fund manager to launch a property authorised investment fund (PAIF), an open-ended fund structure offering pension funds the same UK tax benefits as a real estate investment trust (REIT).
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SURS takes conservative approach to real estate
UNITED STATE - State Universities Retirement System of Illinois (SURS) is planning to apply conservative growth to its 6% targeted allocation to real estate.
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Nebraska nears investment in secondary market (amended)
UNITED STATES - Nebraska Investment Council is expected to put money in the secondary real estate market next month on behalf of its pension fund, and may make a $25m (€17.9m) investment in a Landmark Partners fund.
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Europe heading for 'slow' real estate recovery
EUROPE – European real estate faces a “long, slow haul” to recovery, according to the latest report from the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).
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New Jersey to tap structured credit...while it can
UNITED STATES – The New Jersey Division of Investment has established a $300m (€212m) separate account with Och-Ziff Capital Management to invest in structured credit investment products.
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Kansas PERS puts $150m into preferred REIT securities
UNITED STATES- Kansas Public Employees Retirement System has allocated $150m (€106m) to US preferred REIT securities through an existing REIT manager, Brookfield Redding.
