Latest IPE Real Assets news – Page 1184
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British Airways pension fund sells property
UK – A British Airways pension fund has sold a retail property in Stoke, central England, for £14.3m (€21.2m). Warner Estate Holdings said its Radial Distribution Fund joint venture with Bank of Scotland has bought Radial Point, r...
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Germany’s VBL plans Asian property move
REAL ESTATE – VBL, a €12bn pension fund insuring four million German public sector employees, is planning an initial investment in Asia’s property market by the end of 2006. "We currently have 5% of our assets allocated to ...
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LA Fire & Police board action on real estate
REAL ESTATE- The Los Angeles Fire & Police Pension System made two real estate decisions at its board meeting on October 5. The first item was to issue an investment of up to $15m to the Genesis Workforce Housing Fund II. The potential return...
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Nedlloyd scheme transfers real estate portfolio
REAL ESTATE - Delta Lloyd Vastgoed will take over the direct real estate portfolio of the Nedlloyd Pension Fund, both parties have announced. The transaction involves about 35 blocks of offices, retail centres and housing in the Netherlands, of wh...
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Infrastructure ‘unsuitable and overpriced’
REAL ESTATE - "There is a shortage of ‘boring stable’ infrastructure investment product which is much in demand by institutional investors," according to Jane Welsh, senior consultant at Watson Wyatt. Speaking at the Inves...
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Oregon PERF commits $450m
REAL ESTATE- The Oregon Public Employees Retirement Fund has approved new commingled fund investments totaling $450m (€357m). The pension fund took these actions at its board meeting on September 27. It’s made commitments to five dif...
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European real estate out of "dark ages"
REAL ESTATE – Risk management in the real estate sector is finally catching up with other asset classes, says ING Real Estate. "At last, property is coming out of the dark ages. We start to see adequate risk controls in place," s...
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Ohio scheme to invest in core commingled
Ohio Police & Fire to invest in core commingled fund REAL ESTATE - The Ohio Police & Fire Pension Fund has issued a $100m (€79.4m) commitment to the Heitman Core Property Fund. The pension fund took this action at its board meetin...
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Dutch funds shift to indirect real estate
REAL ESTATE - Dutch pension funds are increasingly shifting their investments from direct to indirect real estate, research bureau PropertyNL said. In 2005, their indirect real estate portfolios have increased by almost 30% to €39.5bn, becau...
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Metro Pensioenfonds joins Altera Vastgoed
REAL ESTATE - Stichting Metro Pensioenfonds has joined Altera Vastgoed as shareholder, the real estate fund has announced. With a participation of €10m in the sectors retail and offices, Metro Pensioenfonds has become its 22nd shareholder, ...
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Pramerica in $500m retail joint venture
REAL ESTATE Pramerica Real Estate Investors has formed a $500m (€400m) joint venture with Kite Realty Group to invest in retail properties. The capital will be placed over a four-year period. Around 80% or $400m would be supplied by Prame...
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Corio CFO Kuik leaves over policy
REAL ESTATE - John Kuik has resigned as chief financial officer at Corio, the property investment company. According to Corio, the sudden departure was the result of ‘differences in opinion on policy matters’. Corio will search for...
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N. Dakota OK's infrastructure fund
REAL ESTATE- The North Dakota State Investment Board has awarded a $100m (€79.4m) commitment to the JP Morgan Infrastructure Investment Fund. The pension fund was looking to place some capital into a commingled fund that focused on infrastru...
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Jones Lang LaSalle argues case for commercial
REAL ESTATE - Alistair Hughes, chief executive officer for Europe at real estate specialist Jones Lang LaSalle, argues that commercial property is an important mid-term investment for institutional investors. Speaking at the FT commercial property...
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Greenspan a highlight at AFIRE meet
REAL ESTATE – Former Federal Reserve chairman Alan Greenspan thoughts on the economy were one of the highlights at the annual conference of the Association of Foreign investors in Real Estate held in Boston last week.
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Finnish fund targets European schemes
REAL ESTATE - Finnish private equity firm CapMan Oyj last week announced the first closing of a property development vehicle aimed at international pension funds. Seven unidentified funds committed €67m to the CapMan Real Estate II Ky fund,...
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UK agency offers 50% of portfolio
REAL ESTATE - Advantage West Midlands (AWM), one of the UK’s regional regeneration agencies, is offering a 50% stake in its real estate portfolio in return for funds to develop 47,000 sq metres of real estate. The Birmingham-based agency la...
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New Jersey commits $300m to Prudential fund
REAL ESTATE - The New Jersey Division of Investment has approved an investment of up to $300m (€235m) into the Prudential Property Investment Separate Account (PRISA). The fund took this action at its board meeting on September 21, assisted ...
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Nieuwe Steen divests residential portfolio
NETHERLANDS – Dutch real estate fund Nieuwe Steen Investments (NSI) will sell its entire residential housing portfolio worth €134m.
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Orange County commits $60m
REAL ESTATE - The Orange County Employees Retirement System has approved commitments of $60m into two real estate commingled funds. The pension fund chose to allocate $30m each to AEW Value Investors II, L.P. and Fidelity Real Estate Growth Fund I...
