Latest IPE Real Assets news – Page 1179
-
News
US schemes back international REITs
REAL ESTATE - More US pension funds based are looking at placing capital into international REITs. Two of the most recent examples of this are State Universities Retirement System of Illinois and the Orange County Employees Retirement System....
-
News
Schroders buys German real estate manager
REAL ESTATE - Schroders says it has agreed to buy German real estate asset manager Aareal Asset Management GmbH for an initial £18.8m (€28m) from Aareal Bank. Wiesbaden-based AAM has €1.9bn in assets under management and manages s...
-
News
Eurocastle acquires €2.1bn Deutsche portfolio
REAL ESTATE - Eurocastle, the offshore real estate investment vehicle of US private equity firm Fortress, has acquired a 61-property German portfolio from DB Real Estate for €2.1bn. The firm will fund the deal via a combination of the procee...
-
News
LA mulls new real estate investments
REAL ESTATE - The Los Angeles City Employees’ Retirement System will be looking at investing in the MacFarlane Urban Real Estate Fund II and Buchanan Fund V. The move came at its investment committee meeting on December 4. These investment...
-
News
Land Securities converts to REIT
REAL ESTATE - Land Securities has confirmed that it is to convert into a Real Estate Investment Trust on January 1 next year following its Extraordinary General Meeting. It said 99.1% of shareholders backed the decision. The conversion will result...
-
News
Massachusetts PRIM allocates extra $300m
REAL ESTATE - The Massachusetts Pension Reserves Investment Management Board has set aside $300m for a value-added strategy through one of its separate account real estate managers. Mass PRIM has Lou Canlas as senior investment officer for real es...
-
News
Germany’s NAEV ups real estate exposure
REAL ESTATE – Germany’s NAEV, a €7.75bn medical pension fund, will expand investments in real estate investment trusts (REITs) and other real estate securities over the next three years, says Hermann Aukamp, NAEV’s director of...
-
News
CalSTRS commits $100m to emerging manager fund
REAL ESTATE - The California State Teachers Retirement System has made a $100mn commitment to the Scout Fund that is being managed by Hawkeye Partners. This commingled fund will look to sign up between six to eight emerging managers for the fund....
-
News
Belgium in €500m real estate sell-off
REAL ESTATE – The Belgian federal state is selling off government property, among which some historic buildings, to balance this year’s budget showing a €500m gap. In a notice of sale the Belgian Federal State today announced tha...
-
News
CalPERS finalises office building venture
REAL STATE - The California Public Employees Retirement System has finalised plans for a new office building investment partnership. It’s called Fifth Street Properties II, LLC. The venture has a total of $2bn of capital available to invest...
-
News
Sharia’a compliant real estate fund launched
REAL ESTATE – A new Sharia’a-compliant real estate fund has been launched by the European Islamic Investment Bank. Knight Frank Investment Management will source real estate deals on behalf of the EIIB Pan-European Islamic Real Estate...
-
News
San Francisco City & County places $100m
REAL ESTATE - The San Francisco City and County Employees’ Retirement System has approved new real estate investments of $100m with Capmark Investments, L.P. This action was taken by the pension fund at its board meeting last month. It was ...
-
News
Institutions must embed SRI for real estate – UN
REAL ESTATE – The United Nations has called for real estate investors to consider the environment when they make portfolio decisions. The UN’s Environment Programme Finance Initiative has launched a working group on responsible propert...
-
News
ABP scales down stake in real estate group
REAL ESTATE - The €201bn civil service pension fund ABP has decreased its majority stake in real estate group Vesteda to 46.7%, Vesteda said. During five transactions, ABP has sold 13.4% of equity, worth €450m in total. The amount was ...
-
News
German insurer Gerling in residential sell-off
REAL ESTATE – German life insurance group HDI Gerling has sold more than 2,600 residential units to Patrizia Immobilien for around €300m. Patrizia said it bought the portfolio – comprising 2,737 residential and commercial units &...
-
News
LA County fund to look at international
REAL ESTATE - The Los Angeles County Employees Retirement Association will be looking at making some international real estate investments over the next 12 months. Its Principal Investment Officer for Real Estate John McClelland said, "We wi...
-
News
New real estate investment bank launched
REAL ESTATE – A new real estate investment bank has been launched by former executives at HSBC and Jones Lang Lasalle. "We announce the establishment of Lowndes Partners, LLP an independent investment bank specialising in financial adv...
-
News
Shropshire fund moves out of UK property
REAL ESTATE - Shropshire County Council pension fund is seeking an investment manager for a £43m (€63.7m) pan-European real estate portfolio. The move reflects a wider trend for UK pension funds to move out of the domestic real estate ...
-
News
GE scheme sets up California industrial venture
REAL ESTATE - The General Electric Pension Trust has put together a new $55m joint venture with Master Development Corporation to invest in industrial properties in Southern California. GE put in $50m, with the balance coming from Master Developme...
-
News
Newham fund diverts into infrastructure
REAL ESTATE - The London Borough of Newham pension fund is to invest £30m (€45m) in infrastructure. The investment, which follows a strategic review and is the fund’s first in infrastructure, reflects a desire to influence the beta a...
