Latest IPE Real Assets news – Page 1162
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No euro greenbacks for green building
EUROPE - Pension funds are increasingly concerned with sustainability issues in real estate investments but doing nothing about it, according to a report commissioned by the European Social Investment Forum (Eurosif). Eurosif executive director Ma...
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Private equity wins student halls contract
UK - Private equity firm UPP last week won a contract to build undergraduate accommodation for the UK’s Loughborough University – an indication of increasing competition in a market gained momentum as a niche within a saturated real estat...
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German transactions top €26bn in H1
GERMANY – Commercial property transactions in Germany totalled €26.4bn in the first half – a 34% increase over the same 2006 period – and should reach €50bn for the full year, US broker Jones Lang LaSalle (JLL) has repor...
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VastNed Offices eyes German market
GERMANY - Property investor VastNed Offices-Industrial wants to expand its German office portfolio up to €500m, the firm has announced. The company’s German portfolio has now hit €90m thanks to a recent acquisition - a €37....
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Valencia Capital pumps $250m for medical targets
UNITED STATES - Valencia Capital Management has raised $250m (€183.8m) for its commingled fund, Next Block Medical Fund I, through strong support from pension funds. Lead investor in the commingled fund is California Public Employees Retirem...
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San Diego makes its first overseas play
UNITED STATES - San Diego City Employees Retirement System has approved its first ever international real estate investment by allocating $30m ($22m euros) to the Colony Investors VIII commingled fund. San Diego City is expected to make at least o...
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CB Richard Ellis Investors creates M&A team
UNITED STATES - CB Richard Ellis Investors has hired two people to create a new mergers and acquisitions team within its company. The real estate manager has enticed Deborah Smith and June Yu away from Lehman Brothers to become senior managing dir...
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Morgan Stanley buys Daewoo Korea HQ
KOREA - Morgan Stanley is to boost its property investments in the Korean market with the acquisition of Daewoo Engineering Headquarters in the capital, Seoul, for 960bn won (€0.76bn). AHI Holdings, a real estate fund managed by the bank, w...
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Hilton delisting likely after Blackstone acquisition
GLOBAL - Hilton Hotels could de-list early next year after Blackstone last week agreed to acquire the hospitality group for $26bn (€19bn).
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UK investors sell in dwindling market
UK - Rising interest rates will significantly slow leveraged investment in UK real estate at least until 2008, according to a report published by Jones Lang LaSalle (JLL). Despite investment in the first half of 2007 above €27bn – matc...
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Asian property ‘world’s strongest performer’
ASIA - A softer-than-expected landing and supply limitations will continue to boost real estate rental growth across Asia, according to a report published by RREEF. Deutsche Bank’s real estate subsidiary said expansion of the financial serv...
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Glasgow fund monitors underperforming managers
UK - The £9.73bn (€14.4bn) Strathclyde Pension Fund has put Edinburgh-based Baillie Gifford and Isle of Man’s Capital International under watch because of underperformance. Baillie Gifford manages £1.57bn or 16.1% of the t...
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Stockbridge brings in executives to take on RREEF
UNITED STATES - Several former executives RREEF North America are hooking up with Stockbridge Capital Group in September in a bid to build an operation rivaling their former employer. Steve Steppe, former chairman of RREEF’s North America op...
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Washington State makes two real estate moves
UNITED STATES - Washington State Investment Board is taking action to make two significant real estate deals which give it additional US and global investment positions. The pension fund will commit another $500m (€368m) with Evergreen Real ...
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Ohio School Employees schedule annual real estate plan
Ohio School Employees approves annual real estate UNITED STATES - School Employees Retirement System of Ohio has approved a new annual plan to invest around $100-$150m (€73.4m-€110m) in real estate for fiscal year 2008. The pension ...
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Pennsylvania Public School approves Euro commitment
UNITED STATES - Pennsylvania Public School Employees Retirement System has agreed to invest 25% of the committed capital into the Carlyle Europe Real Estate Partners III commingled fund, as long as the total is no more than €200m. Working in...
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Walton Street closes on CalWest industry
UNITED STATES - Walton Street Capital has completed the $2.8bn (€2.06bn) acquisition of the CalWest Industrial portfolio. Leverage of around 85% was placed on the transaction while yield was in the region of 5%, to factor in the existing inc...
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Austrian firm to launch G-REIT by spring 2008
GERMANY – Austrian real estate firm CA Immobilien intends to launch a German real estate investment trust (G-REITs) by next spring that will have between €1.5bn and €2bn in assets. In a statement, CA Immobilien said between 26% a...
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IPE-QUEST: $100m REIT mandate
NETHERLANDS – A Dutch institutional investor is looking for a real estate manager via IPE-Quest. The mandate is for an active $100m (€73.8m) US and Canada real estate mandate benchmarked against the FTSE EPRA NAREIT North America TR In...
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Rabobank scheme plots its real estate future
NETHERLANDS - The Stichting Pensioenfonds Rabobank has started to invest in plots of land, to create future building opportunities for its property investments. Details of the firm’s annual report reveal the €10bn scheme has acquired 2...
