Latest IPE Real Assets news – Page 1178
-
News
Dutch real estate funds target for foreign investors
REAL ESTATE - International bank Merrill Lynch expects that Dutch real estate funds will be a main target for foreign investors. Several possible take-over candidates have been stated by Merrill Lynch in its report on the European real estate sec...
-
News
New Jersey allocates $150 million into two commingled funds
REAL ESTATE- The New Jersey Division of Investment has approved real estate investments totaling $150m (€115m) into two commingled funds. One of these was a $100m allocation into the Prudential Property Investment Separate Account II. This ...
-
News
Rodamco sells flagship office building
REAL ESTATE - Property investment and management company Rodamco Europe has sold its building Robeco house in Rotterdam, to increase its focus on shopping centres, it announced. Robeco House - one of Rodamco’s flagship buildings - has been a...
-
News
San Diego City commits capital to apartment fund
REAL ESTATE - San Diego City Employees’ Retirement System has approved a $20m (€15.5m) commitment to the Cornerstone Apartment Venture III, LLC. This is a commingled fund that is managed by Cornerstone Real Estate Advisers. The real e...
-
News
CS Capital nears closing on Los Angeles development fund
REAL ESTATE- CS Capital Management is set to have a final closing in March on its commingled fund, Los Angeles Development Partners. The projected total raise is in the neighborhood of $250m (€193m). There will be a total of eight or nine p...
-
News
L&B to raise second medical office fund
REAL ESTATE- L&B Realty Advisors is now marketing its second medical office building investment fund, L&B Medical Partners II. The person overseeing this fund for the company is director Jason Blake. He said, "We believe that instit...
-
News
ING announces close of CEE property fund
REAL ESTATE – ING Real Estate Investment Management has closed the ING Property Fund Central and Eastern Europe, the firm announced today.
-
News
Two US plans to invest in €365m in commingled funds
REAL ESTATE - Two pension fund clients of The Townsend Group, a leading real estate pension fund consultant in the US, will be investing up to $475m(€365m) in two commingled funds. The investment funds involved in the commitments are Colony ...
-
News
Cofinimmo to sell property after losing gov't contract
REAL ESTATE - Belgian real estate company Cofinimmo told IPE Real Estate that it would sell off some of its property after losing a portfolio of state-owned buildings to rival Befimmo. "After looking at recent price levels, we’re look...
-
News
US institutions: over-liquid and over here
REAL ESTATE - CalPERS’ investment in European real estate will spur other US pension funds to invest in European office and retail, according to Henderson Global Investors. "If the logic has been accepted by CalPERS, it will be accept...
-
News
HVB sells real estate non-performing loans
REAL ESTATE - Hypovereinsbank (HVB) has sold a third portfolio of non-performing real estate loans to Goldman Sachs for an undisclosed price. The portfolio, which the German bank sold by competitive auction, comprises loans in the lowest risk cla...
-
News
Rodamco buys into Moscow retail market
REAL ESTATE - Real estate investor Rodamco Europe has set a first step onto the Moscow property market, by acquiring a 50% stake in the retail centre-under-development Metropolis, it has announced. Its investment of €200m in the ‘top-...
-
News
Clarion creates new US hospitality unit
REAL ESTATE - Clarion Partners figures to become a major player in the investment of hotels with its creation of a new investment unit, The ING Clarion Hospitality Group. This was established to take over responsibility of the real estate manager...
-
News
German firm criticises G-REITs legislation
REAL ESTATE – German property firm IVG Immobilien has lambasted the government legislation creating German real estate investment trusts (G-REITs), saying that unless it is improved, G-REITs will not be successful. Germany’s parliament...
-
News
ABP declares interest in running Dutch toll roads
REAL ESTATE – The €201bn civil service pension fund ABP is willing to operate one or more motorways in the Netherlands as toll roads, its chairman Elco Brinkman said. The conditions are that ABP would get the rights for at least 30 yea...
-
News
UK green-belt residential gets gov't okay
REAL ESTATE - A campaign to scupper the construction of a satellite town in England’s greenbelt has slated landowner the BP Pension Fund as "secretive" and "unresponsive". The remarks, made by Nigel Clarke of the St...
-
News
MEPs’ fund goes into real estate
REAL ESTATE - The €190m (£127.85m) Members of European Parliament Pension Fund is moving away from bonds in favour of euro-zone property to increase the diversification within its portfolio. The news was first announced in a press relea...
-
News
VastNed acquires properties Madrid properties
REAL ESTATE - Retail real estate fund VastNed has acquired two properties in a top location in Madrid, it announced. In a €10m transaction, VastNed purchased shop-premises of 256m2 and 120m2 respectively in the Calle de Fuencarral, a shoppin...
-
News
German Upper House wants housing REITS
REAL ESTATE – The Bundesrat, the Upper House of the German parliament, has opposed excluding municipal housing from German REITs, which are to be introduced next year. The representatives of the German provinces argued that an exclusion of ...
-
News
Italian REITs ‘set for slow start’ – Merrill
REAL ESTATE - Merrill Lynch last week gave a warm response to the Italian government’s decision to introduce REITs in July 2007, although it hinted that the REITs market would have a slower start than the UK and Germany. In a research note ...
