All Real Assets articles in July 2006 (Online) – Page 2

  • News

    Deal digest

    2006-07-17T00:00:00Z

    REAL ESTATE – A digest of the latest real estate deals involving: Scarborough, GE Real Estate, CBRE, Multi Development, RREEF, and Savills. Scarborough mops up German logistics Scarborough Continental Partners, a joint venture between Sc...

  • News

    China considers further restrictions

    2006-07-17T00:00:00Z

    REAL ESTATE - China’s concern that overseas buyers are causing an overheating of the country’s real estate market has resulted in further measures being considered to restrict foreign ownership. Local banks in Shanghai have already co...

  • News

    Pitfalls seen in student housing asset class

    2006-07-17T00:00:00Z

    REAL ESTATE – There’s been a warning over the possible pitfalls of student accommodation as an asset class from a partner at real estate consulting firm Knight Frank. Speaking at a conference in London recently – ‘REITs: An...

  • News

    Van der Kooij joins Arlington for pension role

    2006-07-17T00:00:00Z

    REAL ESTATE - Wim van der Kooij has joined Arlington’s Amsterdam office to co-manage a fund for Swedish pensions firm Alecta Pensionförsäkring. Van der Kooij, who used to manage the Dutch steelworkers’ pension fund, joins Ar...

  • News

    Ohio fund approves real estate investment plan

    2006-07-17T00:00:00Z

    REAL ESTATE - The School Employees Retirement System of Ohio has approved its annual real estate investment plan for fiscal 2007 at its board meeting in late June. One of its new investment strategies for the next 12 months will be to consider inv...

  • News

    Blue Sky makes real estate appointments

    2006-07-17T00:00:00Z

    NETHERLANDS - Blue Sky Group, the Dutch pension fund manager which runs the KLM pension fund, has made several real estate appointments. It named Raymond Satumalaij as fund manager, real estate. Satumalaij takes over from Jan van der Pol, who reti...

  • News

    Altera Vastgoed names two new directors

    2006-07-17T00:00:00Z

    REAL ESTATE - Cyril van den Hoogen and Robert Eujen have been appointed as CFO and director of portfolio management respectively at Altera Vastgoed, the real estate fund has announced. Both have been working for the private fund for pension scheme...

  • News

    Hearthstone raises $600m

    2006-07-17T00:00:00Z

    REAL ESTATE- Heathstone has raised $600m of equity for its latest commingled fund, Hearthstone Housing Partners III. This will be one of the largest single-family investment funds in the country. There will be up to 70% leveraged employed on th...

  • News

    GMPF tests property management market

    2006-07-10T00:00:00Z

    Greater Manchester Pension Fund – the largest local authority pension fund in the UK – is scouting a real estate manager-cum-consultant for its property venture fund. The tender is designed to keep the current incumbent – which ...

  • News

    Pension funds to exploit sustained Nordic growth

    2006-07-10T00:00:00Z

    European pension funds will be the primary investors in a pan-Nordic real estate SICAV to be launched by Aberdeen in the next few weeks. Philip Ingman, managing director of Strutt & Parker Real Estate Finance Services (SPREFS), which is advis...

  • News

    UK ‘will remain principal European market’ – DTZ

    2006-07-10T00:00:00Z

    The introduction of REITs will ensure the UK continues as Europe’s principal real estate market, according to property firm DTZ – despite a predicted slight fall in investment from €71bn to €65bn in 2006. In 2005 the UK ac...

  • News

    Danish insurer sells up, moves to London

    2006-07-10T00:00:00Z

    PFA Pension, Denmark’s largest insurer, has agreed to sell its residential portfolio for an undisclosed figure to a consortium of Danish real estate firm CenterPlan and Deutsche Bank’s RREEF. The divested portfolio comprises 43 pr...

  • News

    Cordares Vastgoed to focus on indirect real estate

    2006-07-10T00:00:00Z

    Cordares Vastgoed, the real estate branch of pensions manager and income insurer Cordares, is repositioning itself in the market, with a focus on indirect real estate, it said. “We are changing into a lean and mean organisation, which will c...

  • News

    Indian and China expansion for Emaar

    2006-07-10T00:00:00Z

    Emaar Properties is stepping up its development plan for the Asian region. According to Shravan Gupta, MD of the Indian joint venture Emaar MGF Land, the Dubai-based group is planning to build on the already substantial investments it has made outsid...

  • News

    Pramerica sets up a joint venture to buy large senior housing complex

    2006-07-10T00:00:00Z

    US - Pramerica Real Estate Investors (PREI) has put together a joint venture with American Retirement Corporation to acquire the Freedom Village senior housing property in Bradenton, Florida. The total size of the transaction was US$95m (€74...

  • News

    BPF sets up REITs taskforce

    2006-07-10T00:00:00Z

    The British Property Federation (BPF) is to establish a taskforce to “maintain the momentum” of its campaign for UK REITs. Given that legislation allowing the first UK REIT from January next year is likely to pass this month, it is le...

  • News

    Hermes retail boss joins CBRE

    2006-07-10T00:00:00Z

    Andrew Martin is to join CB Richard Ellis’s investment committee after he retires as Hermes’ retail group director next month. In his new non-executive role – which he takes over from James Hysop, who is retiring – Martin ...

  • News

    Benson Eliot steps up recruitment

    2006-07-10T00:00:00Z

    Benson Eliot Capital Management, the private equity real estate firm, has appointed two partners aimed at boosting its team ready for an acquisition spree at the end of the summer. Philip Irons, former head of direct property transactions at Schr...

  • News

    Warner-Smith joins Invesco to manage UK assets, hotels

    2006-07-10T00:00:00Z

    Quentin Warner-Smith has joined Invesco as a senior asset manager on the firm’s Property Income Trust (IPIT). In his new role, Warner-Smith will develop and implement strategies for the fund, which has around 50 investments in industrial (i...

  • News

    Corio acquires retail centre Barcelona

    2006-07-10T00:00:00Z

    Corio has reached agreement on the acquisition of Barcelona’s seaside retail centre Maremagnum, the €4.6bn real estate fund announced. Bar the formal approval of the town’s port authority, Corio will get control over the €1...