All Real Assets articles in June 2008 (Online)

View all stories from this issue.

  • Managers avoid dance with pension fund pests (amended)
    News

    Managers avoid dance with pension fund pests (amended)

    2008-06-30T17:08:00Z

    GLOBAL - Smaller European pension funds are finding themselves marginalised by property fund managers tired of their requests for special terms, according to a US fund-of-funds manager.

  • US-based PE funds struggle after record inflows
    News

    US-based PE funds struggle after record inflows

    2008-06-30T17:01:00Z

    UNITED STATES - Investors are abandoning smaller US private equity property funds, and opting instead to commit capital to “megafunds” to avoid navigating a saturated market.

  • Berks to increase alternatives exposure
    News

    Berks to increase alternatives exposure

    2008-06-30T16:56:00Z

    UK – The £1.49bn (€1.88bn) Royal County of Berkshire Pension Fund has confirmed its intention to move into infrastructure, with the issue of a new manager tender.

  • 'Goodnight Europe', as RoW dominates returns ranking
    News

    'Goodnight Europe', as RoW dominates returns ranking

    2008-06-30T16:53:00Z

    GLOBAL - Europe accounted for only one of the world’s top five-returning property markets, according to the IPD Global Index launched last week.

  • East Capital goes it alone in Baltics
    News

    East Capital goes it alone in Baltics

    2008-06-30T16:49:00Z

    BALTIC STATES - Fund manager East Capital has taken sole control of a joint venture set up to manage its Baltic property funds and expressed optimism for their performance despite an economic downturn in their target markets.

  • Finnish PFs snap up Sponda bond
    News

    Finnish PFs snap up Sponda bond

    2008-06-30T16:48:00Z

    FINLAND - Finnish pension funds and insurers will be the primary investors in a €130m hybrid bond issued by Finnish real estate firm Sponda, according to chief executive Kari Inkinen.

  • Experts question potential for Asian property
    News

    Experts question potential for Asian property

    2008-06-26T17:22:00Z

    ASIA -The credit crunch and rising inflation have caused the real estate industry to question whether the rapid economic growth of Asia and double digit returns of its property markets can be sustained.

  • RREEF sees three-year path to US market low
    News

    RREEF sees three-year path to US market low

    2008-06-26T17:20:00Z

    UNITED STATES – RREEF, the real estate investment giant, is predicting the US residential market still has a substantial way to go before reaching its lowest point.

  • Washington State sinks $1.2bn into real estate and infrastructure
    News

    Washington State sinks $1.2bn into real estate and infrastructure

    2008-06-26T17:18:00Z

    UNITED STATES - Washington State Investment Board is putting $1.2bn (€770.7bn) into a combination of real estate and infrastructure investments, and taking advantage of the need for debt liquidity in the market.

  • CalSTRS invests $1bn in real estate in Q1
    News

    CalSTRS invests $1bn in real estate in Q1

    2008-06-26T17:16:00Z

    UNITED STATES - California State Teachers Retirement System approved investments totalling just over $1bn (€642.2m) into real estate for the first quarter of 2008, in a mixture of core and tactical investments.

  • Orange County turns away from separate accounts
    News

    Orange County turns away from separate accounts

    2008-06-26T17:14:00Z

    UNITED STATES - Orange County Employees Retirement System has started the process of investing in commingled real estate funds and moving away from separate accounts.

  • New Jersey turns attention to non-core real estate
    News

    New Jersey turns attention to non-core real estate

    2008-06-26T17:08:00Z

    UNITED STATES - New Jersey Division of Investment has approved $250m (€161.4m) worth of commitments to non-core real estate.

  • NPRF targets Irish infrstructure
    News

    NPRF targets Irish infrstructure

    2008-06-25T13:45:00Z

    IRELAND – The National Pension Reserve Fund (NPRF) has reaffirmed its desire to invest at least €200m in domestic public sector infrastructure projects, particularly as there is likely to be a shortage of assets for these projects going forward.

  • Norway to push sustainability in real estate
    News

    Norway to push sustainability in real estate

    2008-06-23T17:16:00Z

    NORWAY – The Norwegian Ministry of Finance has issued a public consultation on the evaluation of ethical guidelines for the Government Pension Fund – Global, which reveal environmental concerns will be an important factor in the management of its real estate portfolio.

  • Staffordshire hires JLL to value property portfolio
    News

    Staffordshire hires JLL to value property portfolio

    2008-06-23T17:15:00Z

    UK - Staffordshire Pension Fund has hired Jones Lang Lasalle as valuer for its £233.5m (€292m) UK direct property portfolio, replacing Cushman & Wakefield.

  • BPT beats off Quebec pension fund for Russian assets
    News

    BPT beats off Quebec pension fund for Russian assets

    2008-06-23T17:13:00Z

    RUSSIA - The Baltic Property Trust Group (BPT) has beaten off Russia-hungry rival investors to acquire its latest asset in the market: the first phase of the Country Park business centre in Moscow.

  • Pension funds cut managers and look again at Europe
    News

    Pension funds cut managers and look again at Europe

    2008-06-23T17:12:00Z

    EUROPE - Pension funds are slashing the number of property fund managers they deal with, at the same time as increasing their allocations to an asset class they now see as core to their investment strategies.

  • McKinsey sees Middle East infrastructure soaring
    News

    McKinsey sees Middle East infrastructure soaring

    2008-06-23T17:10:00Z

    MIDDLE EAST - Middle East institutional investors with liquid funds will dominate infrastructure in their domestic region, according to McKinsey experts.

  • Ohio PERS prepares for move overseas
    News

    Ohio PERS prepares for move overseas

    2008-06-19T17:34:00Z

    UNITED STATES - Ohio Public Employees Retirement System is getting ready to make its first ever move into investing in international REITs.

  • Pramerica books space at Mexican resort
    News

    Pramerica books space at Mexican resort

    2008-06-19T17:33:00Z

    UNITED STATES - Pramerica Real Estate Investors is expecting to invest as much as $800m (€517m) over several years in a joint venture to develop the second phase of a project along the Sea of Cortez in Mexico, known as CostaBaja Resort & Marina.