All Real Assets articles in July 2007 (Online) – Page 3

  • News

    No euro greenbacks for green building

    2007-07-16T00:00:00Z

    EUROPE - Pension funds are increasingly concerned with sustainability issues in real estate investments but doing nothing about it, according to a report commissioned by the European Social Investment Forum (Eurosif). Eurosif executive director Ma...

  • News

    Investors eye Asia over Europe

    2007-07-16T00:00:00Z

    GLOBAL - Pension fund cash will continue to pour into European real estate at least to the end of the year but there is fresh interest in the Asian market, according to preliminary figures published by Jones Lang Lasalle (JLL). Direct property tra...

  • News

    Valencia Capital pumps $250m for medical targets

    2007-07-16T00:00:00Z

    UNITED STATES - Valencia Capital Management has raised $250m (€183.8m) for its commingled fund, Next Block Medical Fund I, through strong support from pension funds. Lead investor in the commingled fund is California Public Employees Retirem...

  • News

    German transactions top €26bn in H1

    2007-07-16T00:00:00Z

    GERMANY – Commercial property transactions in Germany totalled €26.4bn in the first half – a 34% increase over the same 2006 period – and should reach €50bn for the full year, US broker Jones Lang LaSalle (JLL) has repor...

  • News

    Hilton delisting likely after Blackstone acquisition

    2007-07-09T17:23:00Z

    GLOBAL - Hilton Hotels could de-list early next year after Blackstone last week agreed to acquire the hospitality group for $26bn (€19bn).

  • News

    Glasgow fund monitors underperforming managers

    2007-07-09T00:00:00Z

    UK - The £9.73bn (€14.4bn) Strathclyde Pension Fund has put Edinburgh-based Baillie Gifford and Isle of Man’s Capital International under watch because of underperformance. Baillie Gifford manages £1.57bn or 16.1% of the t...

  • News

    Washington State makes two real estate moves

    2007-07-09T00:00:00Z

    UNITED STATES - Washington State Investment Board is taking action to make two significant real estate deals which give it additional US and global investment positions. The pension fund will commit another $500m (€368m) with Evergreen Real ...

  • News

    UK investors sell in dwindling market

    2007-07-09T00:00:00Z

    UK - Rising interest rates will significantly slow leveraged investment in UK real estate at least until 2008, according to a report published by Jones Lang LaSalle (JLL). Despite investment in the first half of 2007 above €27bn – matc...

  • News

    Walton Street closes on CalWest industry

    2007-07-09T00:00:00Z

    UNITED STATES - Walton Street Capital has completed the $2.8bn (€2.06bn) acquisition of the CalWest Industrial portfolio. Leverage of around 85% was placed on the transaction while yield was in the region of 5%, to factor in the existing inc...

  • News

    Stockbridge brings in executives to take on RREEF

    2007-07-09T00:00:00Z

    UNITED STATES - Several former executives RREEF North America are hooking up with Stockbridge Capital Group in September in a bid to build an operation rivaling their former employer. Steve Steppe, former chairman of RREEF’s North America op...

  • News

    Asian property ‘world’s strongest performer’

    2007-07-09T00:00:00Z

    ASIA - A softer-than-expected landing and supply limitations will continue to boost real estate rental growth across Asia, according to a report published by RREEF. Deutsche Bank’s real estate subsidiary said expansion of the financial serv...

  • News

    Pennsylvania Public School approves Euro commitment

    2007-07-09T00:00:00Z

    UNITED STATES - Pennsylvania Public School Employees Retirement System has agreed to invest 25% of the committed capital into the Carlyle Europe Real Estate Partners III commingled fund, as long as the total is no more than €200m. Working in...

  • News

    Ohio School Employees schedule annual real estate plan

    2007-07-09T00:00:00Z

    Ohio School Employees approves annual real estate UNITED STATES - School Employees Retirement System of Ohio has approved a new annual plan to invest around $100-$150m (€73.4m-€110m) in real estate for fiscal year 2008. The pension ...

  • News

    Austrian firm to launch G-REIT by spring 2008

    2007-07-09T00:00:00Z

    GERMANY – Austrian real estate firm CA Immobilien intends to launch a German real estate investment trust (G-REITs) by next spring that will have between €1.5bn and €2bn in assets. In a statement, CA Immobilien said between 26% a...

  • News

    IPE-QUEST: $100m REIT mandate

    2007-07-03T00:00:00Z

    NETHERLANDS – A Dutch institutional investor is looking for a real estate manager via IPE-Quest. The mandate is for an active $100m (€73.8m) US and Canada real estate mandate benchmarked against the FTSE EPRA NAREIT North America TR In...

  • News

    Germany is ING’s prime office market

    2007-07-02T00:00:00Z

    GERMANY - ING Real Estate has allocated Germany as the most important market for its European Office Fund, fund manager Leo Weidenaar said. "Since its economy is recovering very fast, Germany offers big opportunities. After entering the Germ...

  • News

    Rabobank scheme plots its real estate future

    2007-07-02T00:00:00Z

    NETHERLANDS - The Stichting Pensioenfonds Rabobank has started to invest in plots of land, to create future building opportunities for its property investments. Details of the firm’s annual report reveal the €10bn scheme has acquired 2...

  • News

    US real estate investment to slow

    2007-07-02T00:00:00Z

    UNITED STATES - Mercer Investment Consulting is expecting less pension fund money to enter the US real estate markets this year. According to Real Estate newsletter, the market has matured sufficiently to expect inflows of assets will now slow, sa...

  • News

    Enpam offloads real estate

    2007-07-02T00:00:00Z

    ITALY - Enpam, the Italian pension fund for doctors and dentists, has sold a 29-property portfolio for €305m. Pirelli Real Estate acquired the portfolio with holder Global Opportunities Fund II, a fund managed by Deutsche Bank subsidiary RRE...

  • News

    Pennsylvania State Employees pursues opportunity

    2007-07-02T00:00:00Z

    UNITED STATES - Pennsylvania State Employees Retirement System has approved a $50m (€37.1m) commitment into the Rockpoint Real Estate Fund III by recycling its capital. Principal at The Townsend Group, Rob Kochis, has been working with the p...