All Real Assets articles in July 2009 (Online)
View all stories from this issue.
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NewsUS pension giants lose big on real estate
EUROPE – Many of Europe’s cross-border investors returned to the real estate market in the second quarter, replacing domestic investors as the most dominant active group.
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NewsING calls the bottom of UK real estate
UK – The commercial real estate market in the UK has bottomed out in relation to property yields, according to Ian Whittock, chief investment officer at ING Real Estate Investment Management.
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NewsBMW pension redistributes its real estate
UK – The UK pension fund of car manufacturer BMW has sold a distribution centre in Europort, Wakefield to UK real estate company Patrick Properties.
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NewsAxa REIM edges towards China real estate fund
ASIA/EUROPE – AXA Real Estate Investment Managers (AXA REIM) has moved one step closer to creating a dedicated Chinese real estate fund.
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NewsAviva to invest £1bn in UK rental housing
UK – Aviva Investors is intending to launch a real estate fund aimed at pension funds and institutional investors that will invest in UK residential assets.
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NewsCross-border activity rises in Europe
EUROPE – Many of Europe’s cross-border investors returned to the real estate market in the second quarter, replacing domestic investors as the most dominant active group.
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NewsC&W sees German investor return to real estate
GERMANY – Real estate consultant Cushman & Wakefield (C&W) is convinced the slowdown in real estate investment among German institutional investors is over.
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NewsAIFM could bring less fund choice, claims law firm
EUROPE – A Paris-headquartered law firm has warned current proposals for the Alternative Investment Fund Managers (AIFM) Directive could lead to a lack of choice of funds in the future unless European officials can work with US and international counterparts to improve regulatory terms on alternative investments.
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NewsMercer expands real estate operation
UNITED STATES- Mercer Investment Consulting is growing its real estate staff with the hiring of David Nix as a senior researcher.
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NewsFlorida Board of Administration reassigns MS managed assets
UNITED STATES - Florida State Board of Administration has signed contracts to transfer 85% of the $2.7bn (€1.93bn) separate account assets previously managed by Morgan Stanley Real Estate to Heitman, L&B Realty Advisors and Invesco Real Estate.
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NewsSouth Yorks invests in UK retail development
UK – The South Yorkshire Pension Fund has agreed to fund a shopping centre redevelopment in Wales for £11.8m.
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NewsSarasin launches new green listed fund
GLOBAL – Sarasin has launched what it claims to be the world’s first fund to specialise in investing in sustainable real estate companies.
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NewsCalPERS in $1bn retail joint venture
US – California Public Employees' Retirement System (CalPERS) has entered into a joint venture with First Washington Realty, which will purchase close to US$1bn (€700m) in retail real estate assets from Macquarie CountryWide Trust.
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NewsSBZ begins direct portfolio sell-off
NETHERLANDS - SBZ, the €2.2bn Dutch pension fund for care insurer employees, has made its first two disposals of direct property holdings as part of a transition to a wholly indirect real estate exposure.
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NewsTeeside begins UK acquisition programme
UK - The £2bn (€2.1bn) Teesside Pension Fund, administered by Middlesbrough Council, has purchased its first real estate asset through its recently-appointed property manager LV Asset Management (LVAM).
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NewsSchroders calls for fund structure standardisation
GLOBAL - Greater standardisation of the way funds are structured could deliver significant savings for investors, suggests William Hill, head of property at Schroders.
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NewsEtera reduces office exposure
FINLAND – The €4.9bn Etera Mutual Pension Insurance Company has sold business park Swing Life Science Center in Keilaniemi, Finland to fund manager CommerzReal for approximately €120m.
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News
German investors return home for safety
GERMANY – Interest in domestic residential property funds is rising among German institutional investors, according to German real estate fund manager Patrizia Immobilien.
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NewsNPS partners Carlyle Group in Tokyo office purchase
ASIA - South Korea’s National Pension Service (NPS) has entered into a joint venture with private equity firm The Carlyle Group to purchase an office building in Tokyo.
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NewsOhio School Employees steps up global REITS
UNITED STATES - School Employees Retirement System of Ohio is increasing its allocation to global REITs from 11% to 15% of its total real estate portfolio.
