All Real Assets articles in July 2008 (Online)
View all stories from this issue.
-
NewsPension fund capital goes green
UNITED STATES – Pension funds in the United States are looking to make their real estate portfolios ‘greener’ so ING Clarion Partners has rolled out a sustainable growth initiative and its first investor is Los Angeles Fire and Police Pensions.
-
NewsAlaska Permanent Fund makes major commitment to infrastructure
UNITED STATES - The Alaska Permanent Fund Corporation has approved new commitments for infrastructure totaling $750m (€476.2m).
-
NewsLos Angeles City places capital into debt fund
UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (€12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.
-
NewsPennsylvania State moves capital into distressed fund
UNITED STATES - Pennsylvania State Employees Retirement System has approved a $15m (€9.5m) into Arden Real Estate Fund I - a distressed real estate fund.
-
NewsING Clarion closes in on value-added space
UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (€105.4m) worth of transactions.
-
NewsLPFA commits to ING’s global real estate FoF
UK - The London Pension Fund Authority has committed £150m (€190m) of capital to a new global property fund of funds (FoF) launched this week by ING Real Estate Select.
-
NewsABP joint venture spends €2.7bn in shopping spree
NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).
-
NewsQuébec enters scramble for Russia
CANADA/RUSSIA - Ivanhoe Cambridge, the €8bn shopping centre subsidiary of the CA$155.4bn (€98.3bn) Caisse de dépôt et placement du Québec, has acquired a Moscow shopping centre for an undisclosed figure.
-
NewsConsortium completes German HighStreet purchase
GERMANY – A consortium comprising of RREEF Alternative Investments, the Borletti Group, the Generali Group, and Pirelli RE today announced it has completed the acquisition of a 49% stake in “Highstreet”, the investment company owning the majority of Karstadt’s German department store premises.
-
NewsOpt for Reading over Riyadh - fund manager
MIDDLE EAST – Pension fund real estate investors should steer clear of the Middle East property, use debt if you can get it, and wait for a property market turnaround in the UK, according to asset managers.
-
NewsF&C merges to expand
GLOBAL - Investors in fund manager F&C have backed a deal with property firm REIT that will give the UK-focused fund manager exposure to continental Europe and the nascent Indian market.
-
NewsMarket expansion ends at Leipzig
GERMANY - The outward spread of Germany’s property market will halt at Leipzig, the outpost of international investibility, according to Sascha Hettrich, managing partner of King Sturge’s German office.
-
NewsSmall pension funds re-enter property
UNITED STATES - Several smaller pension funds in the United States are thought to be looking to re-enter the real estate asset class, in a bid to diversify their portfolios.
-
NewsLA Fire and Police goes for safety with real estate assets
UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.
-
NewsCalSTRS to tread cautious real estate path
UNITED STATES – The California State Teachers Retirement System is planning to take a cautious approach to real estate investment for its fiscal year in 2009.
-
NewsRothschild raises $840m for new commingled fund
UNITED STATES - Rothschild Realty Managers has smashed its intended target for capital raising on its Five Arrows Realty Securities V commingled fund and collected $840m (€530m) through institional investors - $240m more than originally sought.
-
NewsOhio PERS goes global with REITs
UNITED STATES – Officials at the Ohio Public Employees Retirement System have voted to allow investments in public real estate on an international basis.
-
NewsGermans top poll of European property optimism
GERMANY - German investors have topped a three-market poll of European investor sentiment.
-
News‘Reform planning process or face blackout’
UK - Opposition to planning reforms threatens to squeeze private-sector investment out of UK infrastructure, according to employers’ body the Confederation of British Industry (CBI).
-
NewsChoose carefully, says SEB, after UK re-entry
UK/GERMANY - Investors are investing cautiously in UK logistics as they wait for the market to fall further, according to SEB, the German fund management arm of the Swedish bank.
