All Real Assets articles in July 2010 (Online)
View all stories from this issue.
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NewsWithdrawal of open-ended German funds will 'level playing field', says Invesco
EUROPE – Less investment activity on the part of German open-ended funds (GOEFs) would effectively level the playing field for other institutional investors in the European real estate markets, according to Invesco Real Estate.
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NewsEuropean institutional investors thinking twice about US
GLOBAL – Concerns over the fragility of the US economic recovery have caused European institutional investors to reassess the attractiveness of the country's real estate market.
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NewsINREV tweaks investor due diligence checklist
EUROPE – INREV has revised its due diligence questionnaire to address investors' latest concerns when selecting fund managers in the current investment environment.
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NewsTexas Teachers earmarks $1.1bn for real estate investment
GLOBAL – The Teacher Retirement System of Texas has approved $1.1bn (€849.5bn) worth of new commitments to real estate.
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NewsKansas PERS invests $30m in Harrison Street fund
GLOBAL – The Kansas Public Employees Retirement System has approved a $30m (€23.1m) commitment to the Harrison Street Real Estate Partners III commingled fund.
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NewsGerman-owned Hypo Real Estate fails stress test
GERMANY – Government-owned Hypo Real Estate has failed a stress test by the Committee of European Banking Supervisors (CEBS).
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NewsEuropean occupancy markets dragged down by austerity measures
GLOBAL – While occupier demand is rising in the majority of countries across the globe, austerity measures to reduce fiscal deficits are causing a drag on euro-zone and UK real estate markets, according to the latest global report from the Royal Institute of Chartered Surveyors (RICS).
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NewsValad takes over management of €480m Swedish portfolio
SWEDEN – Valad Europe, the pan-European, multi-let real estate investment management business of Valad Property Group, has been appointed to take over the investment management of a €480m property portfolio in Sweden.
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NewsSwitzerland's Partners Group to manage Korean sovereign money
GLOBAL – Partners Group will help Korea Investment Corporation (KIC) invest in recapitalising opportunities in the real estate markets as part of the sovereign wealth fund's drive to double its exposure to alternative investments.
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NewsBT and Royal Mail pension JV sells Brindleyplace assets
UK – A joint venture between the BT and Royal Mail pension funds, developer Argent and fund manager Tritax has sold five office buildings in Birmingham for £190m (€225m).
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NewsGermany leads uptick in European occupier demand, says JPMAM
EUROPE – The decline in European commercial property rents is coming to an end, and tenants are responding by committing to new space, according to JP Morgan Asset Management (JPMAM).
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NewsSpecialist funds outperforming market in UK, says IPD
UK – Pooled UK real estate funds have delivered returns of more than 20% over the past 12 months, but only those with specialist and niche strategies outperformed the underlying direct market, according to Investment Property Databank (IPD).
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NewsIncome returns continue to drive European performance, says Invista
EUROPE – Income returns will continue to drive real estate investment performance despite an uncertain outlook for rental growth, according to Invista Real Estate Investment Management.
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NewsReal estate transactions grow in Europe despite sovereign debt crisis
EUROPE – The growth in European real estate transactions continued to rise in the second quarter despite investor uncertainty over the sovereign debt crisis.
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NewsOhio School Employees to invest as much as $125m over next 12 months
GLOBAL – The School Employees Retirement System of Ohio is aiming to invest as much as $125m in real estate over the next 12 months.
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NewsRothschild makes first investment in New York office market
GLOBAL – Rothschild Realty Managers has made its first-ever investment in the New York office market with a $150m (€116m) investment in RXR Realty.
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NewsCEE transactions triple as German funds return to real estate
EUROPE – A resurgence of investment activity in the real estate markets of central and eastern Europe (CEE) saw transactions triple in the first half of 2010 compared with a year ago, according to CB Richard Ellis (CBRE).
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NewsSwiss BVK invests in neighbouring city Winterthur
SWITZERLAND – The pension fund for the civil servants of the Canton of Zurich (BVK) will help develop a site in the centre of nearby Winterthur.
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NewsSchroders backs Palmer's new Mayfair venture
UK – Schroder Property's multi-manager business has agreed to seed a new UK real estate fund managed by Mayfair Capital Investment Management.
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NewsReal estate fundraising plummets to 2004 levels: Preqin
GLOBAL – Capital raised by private equity real estate fund managers has fallen to the lowest level since 2004, according to data providers Preqin.
