Latest IPE Real Assets news – Page 1139
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Real estate sector pressed to embrace 'professionalisation'
GLOBAL – Fund managers in the real estate investment market will face increasing calls for the transparency, standardisation and ‘beta-matching’ lower fees which investors now expect in other asset classes, speakers at the INREV annual conference have suggested.
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GE RE deal shows debt still in the black
EUROPE - GE Real Estate’s acquisition of European commercial property loans worth €1.27bn indicates a resurgence of property debt as an investible asset class, according to sources close to the firm.
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Investors "will continue to buy infrastructure"
GLOBAL - Investors including pension funds will continue to invest in core European infrastructure assets despite halting privatisation processes, the credit squeeze and political opposition, according to a new report by Ernst & Young.
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Venture with SWF shows debt still in the black
UK/MIDDLE EAST – An Abu Dhabi sovereign wealth fund (SWF) is to pump £200m (€250m) into London & Stamford via a seven-year joint venture aimed at building a war chest for UK acquisitions.
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OUTSTANDING INDUSTRY CONTRIBUTION - the final vote
IPE REAL ESTATE AWARDS - The nominations are in and you now have the chance to select who you think should win the IPE Real Estate Award for Outstanding Industry Contribution
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Investor interest lifts non-core Rockpoint to $2.5bn
UNITED STATES - Rockpoint Group LLC has attracted $2.51bn (€1.58bn) of equity for its latest commingled fund, Rockpoint Real Estate fund III but says the sum could have been larger on the back of investor demand.
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DRA invests half of its new $1.25bn fund
UNITED STATES - DRA Advisors has already spent around 50% of the $1.25bn (€787.4m) of equity it has just finished for its DRA Growth and Income Fund VI.
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Washington State outshines Oregon’s commitment to Lone Star
UNITED STATES - Washington State Investment Board has approved a commitment of up to $600m (€375.1m) into the Lone Star Fund VI commingled fund.
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Canyon Capital raises $1bn for urban fund
UNITED STATES – US-based pension funds were among the biggest investors to Canyon-Johnson Urban Fund III, which has received equity commitments from investors totaling $1bn (€627.4bn).
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State of Virginia pursues $300m opportunity
UNITED STATES - Virginia Retirement System has made a $300m (€188.5m) commitment to the investment entity Security Capital Income Opportunity Investors, LLC.
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European property returns hit by currency pressure
EUROPE – Unlisted European real estate funds saw a negative return on their investments of –3.9% in 2007, driven by the very poor performance of the UK property market as well as currency conversion pressures attached to the dollar and euro.
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FSP outsources residential admin
DENMARK - Finanssektorens Pensionskasse, the Danish pension scheme for financial sector workers, has outsourced the administration of its Danish residential properties and leases to Dan-Ejendomme.
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UK calls in green experts as EC targets shoppers
UK - The UK government is to examine existing buildings as part of a 'greening' agenda dominated to date by concerns over new-build standards.
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European retail needs 'further distinction'
EUROPE - Investors need to replace the distinction between Western and Eastern European real estate markets with one between mature and maturing Europe, ING Real Estate Development CEO Menno Maas said last week.
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Retail will continue to attract cross-border investment
EUROPE - Shopping centres will continue to attract cross-border property investments because they offer secure income and low risk, according to René Tremblay, CEO of Ivanhoe Cambridge.
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UK residential 'risky' despite 2007 returns
UK - Market fragmentation and unfavourable tax treatment are scuppering attempts to widen investment in the UK residential, Savills director Jacqui Daley said last week.
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€91m spring clean at IVG
GERMANY – German real estate asset manager IVG has sold €91m in German property to London-based real estate private equity investor CIT Europe.
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Peace agreement sees New York make Emerald investment
UNITED STATES- Four New York City pension fund have committed to invest $150m (€94.1m) into the Emerald Infrastructure Development Fund LP, which in turn invests capital in Northern Ireland.
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Kansas PERS issues real estate consultant RFP
UNITED STATES - Kansas Public Employees Retirement System has sent out a Request for Proposal for a new real estate consultant.
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Illinois Teachers signs two core accounts
UNITED STATES - Teachers’ Retirement System of the State of Illinois has hired Cornerstone Real Estate Advisers and Invesco Real Estate as its new core separate account real estate managers.
