Latest Alternatives News – Page 334
-
News
AREA Property Partners buys Chicago area hotels for $51m
GLOBAL – AREA Property Partners has closed on its first hotel purchases of the year with the acquisition of three Chicago area properties for $51m (€38.6m).
-
News
Invesco begins US acquisition trail for German investors
GLOBAL – Invesco Real Estate has made its first acquisitions in the US for German institutional investors in its MEAG US Immobilien Fonds IV.
-
News
PGGM commits €57m to Chinese real estate joint venture
GLOBAL – A joint venture between UBS Global Asset Management and Gemdale Corporation has completed a second successful closing after Dutch investor PGGM agreed to commit as much as $75m (€56.6m) to Chinese real estate.
-
News
F&C REIT raises €240m for German retail acquisitions
GERMANY – F&C REIT Asset Management in Germany is looking to invest as much as €240m in German retail properties having raised capital for a new real estate fund and a segregated account with a German pension fund.
-
News
USS adds Savoy House to burgeoning UK portfolio
UK – The Universities Superannuation Scheme (USS) has resumed its acquisition programme in the UK with the purchase of Savoy Court in the West End of London for £45.5m (€53.9m).
-
News
PKA acquires €79m office, retail project in Copenhagen
DENMARK – Denmark's PKA has bought an office and retail construction project in the country's capital for DKK588m (€79m), with provisional leases already secured for around a quarter of units.
-
News
APG joint venture in €1bn Olympic retail venture
GLOBAL – A joint venture between Dutch pension fund manager APG and the Canada Pension Plan Investment Board (CPPIB) has acquired retail real estate worth £870.5m (€1bn) on the East London 2012 Olympics site.
-
News
Texas Teachers-backed apartment fund makes first investments in two years
GLOBAL – The Camden Multifamily Value Add fund, 80% owned by the Teacher Retirement System of Texas, has closed on its first two apartment deals in more than two years.
-
News
Funds of funds require more transparency on fees, says INREV
GLOBAL – Managers of funds of funds require greater transparency on fees from the funds in which they invest, according to Lonneke Löwik, INREV's director of research and market information.
-
News
Blended real estate portfolios perform best, says NAREIT
GLOBAL – A blended real estate portfolio that combines REITs and private equity real estate with core holdings outperformed portfolios that contained either REITs or private equity real estate funds alone, according to a study by the National Association of Real Estate Investment Trusts (NAREIT).
-
News
ÆRIUM targets France for first opportunistic strategy
FRANCE – ÆRIUM is seeking to raise €50-60m in third-party equity to invest in prime retail real estate opportunities in France.
-
News
US apartment market in early period of recovery, says Pramerica
GLOBAL – The US apartment market is in the early parts of a recovery, according to Pramerica Real Estate Investors.
-
News
UK real estate values to fall in 2011, offset by income returns, says Invista
UK – The recovery in capital values in the UK real estate market slowed to a crawl in October and is expected to see a reversal in fortunes over 2011.
-
News
Texas Employees commits $60m to value-added fund
GLOBAL – The Employees Retirement System of Texas has made a $60m (€43m) commitment to the Madison International Real Estate Liquidity Fund IV.
-
News
VastNed Retail builds up Turkish portfolio to €90m
TURKEY – Pan-European retail property fund VastNed Retail has acquired its seventh prime high street shop in the heart of Istanbul, taking its total investment in Turkey to €90m.
-
News
Pradera begins raising capital for UK retail park 'club fund'
UK – Pradera UK has secured £75m (€85.6m) from a European pension fund to invest in UK retail parks and is hoping to raise a further £175m from several other investors currently undertaking due diligence.
-
News
UK commercial rally running out of steam, says IPD
UK – Investment Property Databank (IPD) has warned that the rally in the UK commercial real estate market is all but over, with the third quarter seeing the shallowest period of capital growth in 2010.
-
News
Norway's Pension Fund Global Fund makes first foray into real estate
EUROPE – Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London.
-
News
Irish commercial real estate continues to slide, IPD says
IRELAND – The commercial real estate market in Ireland continued to see declines in capital values in the third quarter, meaning the market has been falling for more than three years, according to Investment Property Databank (IPD).
-
News
CPPIB, LaSalle join forces on German shopping centre
GLOBAL – DEGI Europa, the open-ended real estate fund in the process of liquidating its assets, has sold a shopping centre in Germany for €157.3m to the Canada Pension Plan Investment Board (CPPIB) and LaSalle Investment Management.
