Latest Industrial News – Page 136
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L&G Property raises new capital and extends life of Leisure Fund
Fund manager also given permission to extend fund's life by six years to 2020.
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EPISO buys into Prague logistics through VGP joint venture
EPISO, co-advised by AEW Europe and Tristan Capital, takes 80% ownership of semi-industrial complexes.
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Helios teams up with HG for European logistics push
European specialist logistics developer enters €1bn joint venture with Eindhoven-based developer.
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Virginia makes $150m commitment to CIM urban fund
GLOBAL - Virginia Retirement System has approved a $150m (€113.8m) commitment to the CIM VI Urban REIT Fund. Pension fund officials stated that this commitment will be funded over the next four and a half years.
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LACERA receives 28 responses to debt manager search
GLOBAL - Los Angeles County Employees Retirement Association has received 28 responses to its search for real estate debt managers.
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Finnish insurer pays more for long lease logistics
FINLAND – Finnish pensions insurer OP-Henkivakuutus Oy has acquired two assets – one light industrial, the other a warehouse – from a UK fund for €20.7m, reflecting a yield of 7.5%.
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GIC ‘will not list’ real estate portfolio
GLOBAL – GIC’s European head of real estate today denied reports that Singapore’s largest sovereign wealth fund (SWF) plans to list its real estate portfolio. However, he did not deny that the fund could list a portion of it.
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Germany’s BVK signals fresh interest in Polish real estate
GERMANY – Invesco Real Estate has invested in a logistics development in Poland on behalf of pension fund BVK, and says there is growing interest in the market from other German institutional investors.
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BRIC-built recovery expected - JLL
GLOBAL – The BRIC countries will lead the global real estate market recovery as their economic expansion boosts occupier demand across all sectors and cross-border investment returns, according to Jones Lang LaSalle (JLL).
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Value emerging in industrials - Hansteen
UK – European industrial real estate investment trust (REIT) Hansteen has purchased an industrial estate and is in due diligence on three others for its new UK fund backed by institutional investors.
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UK and Nordic pension investors opt for Nordic logistics fund
UK/NORDICS - A group of large Nordic and UK institutional investors have invested in a new logistics real estate fund offered by Nordic Real Estate Partners, which will invest in Nordic logistics properties.
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Cordea Savills to tap income from UK real estate
EUROPE – Cordea Savills has secured capital commitments from three investors, including an unnamed European pension fund, for a new fund that will invest in core, income-producing commercial real estate in the UK.
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Alecta outsources French real estate management
SWEDEN – The asset management arm of Swedish occupational pensions mutual Alecta is to transfer the management of its real estate portfolio in France.
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Varma acts on real estate regrowth
FINLAND – VR Pension Fund has re-entered the real estate market after a two-year absence, following the decision by a Finnish construction company to sell assets to local pension funds.
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BAE Pension taps coastal space
UK – The pension fund of BAE Systems in the UK has bought a retail warehouse through property fund managers LaSalle Investment Management.
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CPPIB and GIC turn to Brazilian real estate
AMERICAS – The Canada Pension Plan Investment Board (CPPIB), investment manager of the $105bn (€73.9bn) Canada Pension Plan, has entered into a joint venture with Brazilian property developer Cyrela Commercial Properties (CPP) to invest in commercial real estate in Brazil.
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Canadian pension fund develops Chinese connection
CANADA/CHINA – The Canada Pension Plan Investment Board (CPPIB), investment manager of the $105bn (€73.9bn) Canada Pension Plan, has entered into a joint venture (JV) with Goodman Group to own and develop logistics assets in mainland China.
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BMW 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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Texas Teachers makes industrial acquisition
UNITED STATES - Teacher Retirement System of Texas has made one of the largest industrial acquisitions of the year by investing $410m (€292.8m) into TLF Logistics.
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AEW widens its logistical holdings
EUROPE - AEW Europe has made a number of logistics investments across Europe for two of its closed-ended funds.
