Latest Investors News – Page 571
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LaSalle KAG to tap mid-sized pension funds
GERMANY – The new German capital investment fund (KAG) announced by LaSalle Investment Management last week will tap small and medium-sized pension schemes struggling to adapt to globalisation.
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CEE transactions up, driven by prime retail
EUROPE – Liquidity for larger deals has improved due to greater activity from cross-border investors, according to a CBRE report on European retail.
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Pension schemes shifting toward city centres, says Cushman & Wakefield
EUROPE – European pension schemes are diverting their retail exposure away from shopping centres toward city-centre high streets in search of higher yields generated by active management.
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UK pension fund offloads estate after falling floors undermine asset
UK – The Coal Mineworkers Pension Fund has sold an industrial estate in Poole, Dorset, for £3m (€3.6m) after the floors of the 16-unit asset started sinking.
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Law change promotes professionalism for Greek pension funds
GREECE – Provisions in the social security laws passed last month by the Greek government are set to kick-start greater professionalism in managing pension funds' real estate assets, a leading fund manager claimed.
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Growth in distressed sales begins to moderate
GLOBAL – The growth in distressed real estate transactions has slowed according to research from the Royal Institution of Chartered Surveyors (RICS).
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UPDATED: ING relocation costs local authority brief
UK – The £1.3bn (€1.57bn) North Yorkshire County Council pension scheme plans to terminate ING Real Estate contract as fund manager relocates to the Netherlands.
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AFIAA shuns London for Scottish investment
UK – AFIAA, the global property investor owned by 18 Swiss pension funds, has made its second acquisition in the UK, having bought a new mixed-use development in Edinburgh.
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London & Stamford to make REIT conversion
UK – AIM-listed real estate company London & Stamford Property (LSP) is seeking to convert to a real estate investment trust (REIT) and bring its external management team in-house.
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UK real estate recovery to stall, says IPD
UK – The rally in the UK real estate market appears to have run its course, according to latest figures from Investment Property Databank (IPD).
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Standard Life Investments makes pair of direct buys in Brazil
GLOBAL – Standard Life Investments (SLI) has built up its global fund's exposure to the Brazilian office sector with two direct acquisitions.
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Union Investment sells prime UK office building after 12 months
UK – Union Investment has sold a prime London City office building to Hammerson and the Canada Pension Plan Investment Board (CPPIB) after buying it only 12 months ago, netting more than £34m (€41m) in capital appreciation in the process.
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Luxembourg Fund Partners to launch high-tech fund for CEE region
EUROPE – Luxembourg Fund Partners is set to launch a fund focusing on high-tech real estate in central and eastern Europe (CEE).
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Oregon scheme makes $100m commitment to pan-Asia fund
GLOBAL – The Oregon Public Employees Retirement Fund (PERF) has approved a $100m (€75.6m) commitment to the Angelo Gordon Pan Asia Real Estate Fund II.
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Oklahoma Teachers to invest $425m in core strategy
GLOBAL – The Teacher Retirement System of Oklahoma is planning to invest $425m (€324.1m) into a core, open-ended commingled fund strategy.
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Spain's BBVA offloads second round of bank branches
EUROPE – Banco Bilbao Vizcaya Argentaria (BBVA) has offloaded a second tranche of property assets to the group of RREEF Europe, Area Property Partners and Europa Capital for €364m.
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European office fundamentals remain strong, says Jones Lang LaSalle
EUROPE – Take-up of office space in Europe increased marginally in the second quarter despite growing economic uncertainty over austerity measures and concerns surrounding sovereign debt, according to Jones Lang LaSalle (JLL).
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Henderson targets local interest with German retail fund
GERMANY – Henderson Global Investors is seeking to tap demand from German institutional investors for exposure to their domestic retail sector.
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Brookfield Properties reinvents self, invests $1.4bn in offices
GLOBAL – Brookfield Properties is planning to invest more than $1.4bn (£885m) in 16 offices across Australia held by Brookfield Asset Management and reposition itself into a "global, pure-play office property company".
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Withdrawal 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.
