All Real Assets articles in June 2009 (Online)
View all stories from this issue.
-
News
Texas Employees signs real estate consultant
UNITED STATES - Texas Employees Retirement System has selected RV Kuhns & Associates as its first ever real estate consultant.
-
News
US recovery to be a slow haul - ING
UNITED STATES - ING Clarion Partners has predicted there will be no quick recovery of the US real estate markets.
-
News
IPD unveils its first US property index
GLOBAL - IPD, the provider of real estate performance analysis and benchmarking, had added US coverage to its range of country coverage with the launch of its first annual commercial real estate index and quarterly indicator for the United States.
-
News
Impact of governance unclear in market downturn
GLOBAL - Speakers at the IPE Real Estate Investor Forum in Amsterdam last week were split over the degree to which the quality of pension fund governance has affected investment performance during the current market downturn.
-
News
BPF Bouw alters real estate strategy
NETHERLANDS – BPF Bouw, the €24.2bn pension fund for the Dutch building industry, plans to increase the size of its global indirect real estate portfolio but in doing so will aim for a greater weighting to European markets and core investments with little or no leverage.
-
News
Investor alignment could solve 'diversity' problems
GLOBAL - The common practice of having diverse investor bases in real estate funds poses significant challenges for pension funds’ due diligence, delegates heard at IPE Real Estate’s Investor Forum in Amsterdam last week.
-
News
Mark turmoil encourages AlaskaPerm to rethink weightings
UNITED STATES - The Alaska Permanent Fund Corporation has increased its targeted allocation to real estate from 10% to 13%, to help cope with the impact of the financial markets crisis on its portfolio.
-
News
Germany overtakes UK as biggest European market – IPD
EUROPE - The UK has dropped from second to fourth ranking in the global market, according to IPD.
-
News
Kansas PERS expands into infrastructure
UNITED STATES - Kansas Public Employees Retirement System has made its first ever investment in infrastructure with a $50m (€35.2m) commitment into the Brookfield Americas Infrastructure Fund.
-
News
Lewis moves onto next venture
EUROPE – Ric Lewis has left AEW Europe but will continue to advise two of its institutional real estate funds from the helm of new fund management company Tristan Capital Partners.
-
News
UK commercial loans at risk of covenant breach
UK – More than three-quarters of UK commercial real estate loans could be in breach of their loan to value (LTV) covenants and there could be up to £50bn (€57bn) of negative equity in the market, according to William Newsom, head of valuation at Savills.
-
News
ATP trains its eye to 'club’ investments
DENMARK – ATP Real Estate still has €300m of outstanding equity to put into the non-listed real estate markets, but has moved its focus away from large commingled funds to club deals with like-minded investors.
-
News
AEW boosts research function
EUROPE - AEW Europe, which has €17bn in assets under management, has boosted its research function with the appointment of José Luis Pellicer to head the research function in London
-
News
Sustainable investment boosted by UNEPFI toolkit
GLOBAL - A new toolkit to guide investors through the process of investing in property in a sustainable manner has been launched by the Property Working Group (PWG) of the United Nations Environment Programme Finance Initiative (UNEP FI).
-
News
UK residential may be on the up – index fund manager
A real estate investment house has claimed investing in UK residential housing “may have turned a corner”, although physical house price rises are still increasing at a very slow rate.
-
News
Valuers advised to consider all transactional evidence
GLOBAL - Investors have been warned they should ensure firms delivering their valuations take all possible scenarios and evidence into consideration when valuing a property, as leaving certain criteria out could be seen as distorting the market.
-
News
Mass PRIM fires REIT manager
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has terminated its separate account REIT manager relationship with Wellington Management in part on the back of poor performance and awarded a new $40m (€28.6m) allocation to the AFL-CIO Housing Investment Trust Fund.
-
News
Fresno County acts on concerns about value-added manager
UNITED STATES - Fresno County Employees Retirement Association has changed its mind about the appointment of a real estate manager to look after a $30m (€21.7m) allocation for a value-added investment as it has reservations about the firm’s ability to raise sufficient capital.
-
News
Pension funds show interest in UK housing
UK – European pension funds who would not traditionally invest in UK rental housing may do so for the first time through an initiative to kick start investment in UK private residential property, according to a UK government body.
-
News
ZIA enters new era with new president
GERMANY – Andreas Mattner, executive board member at German developer ECE Projektmanagement, has replaced Eckart John von Freyend as president of the German Property Federation (ZIA).
