Latest IPE Real Assets news – Page 1188
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LA County expands investment scope
REAL ESTATE – The Los Angeles County Employees Retirement Association has decided to increase the investment capabilities of one of its separate account real estate managers, Cornerstone Real Estate Advisers. The pension fund has decided to ...
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UK players get together on REITs
REAL ESTATE - Thirty UK property companies, nine fund managers and the London Stock Exchange have joined a campaign to educate financial advisers and brokers about quoted property investment, including REITs. The British Property Federation and t...
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Ex-Lehman real estate VP gets Italian job
REAL ESTATE – Former Lehman Brothers Real Estate Partners vice president Leopoldo Andreis de Gregorio has joined private equity real estate firm Benson Elliot Capital Management as partner. He’ll head Benson Elliot’s Italian ope...
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Colonia’s indirect shift boosts results
REAL ESTATE - Colonia, the German distressed real estate investor, posted group-wide revenues of €6.53m for the first half of 2006, up from €1.24m for the same period of 2005. Acquisition activity in the first two quarters reflected a ...
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New York teachers invest $105m
REAL ESTATE - New York State Teachers Retirement System has approved investments up to $105m (€81m) in two commingled funds. These actions were taken by the pension fund at its board meeting at the end of July. One of the investments was a...
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ATP real estate outperforms
REAL ESTATE - Real estate boosted the performance of Denmark’s largest pension fund, Arbejdsmarkedets Tillægspension, which last week reported overall half-year returns of DKK5bn. In a statement, the pension fund attributed the return ...
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LA Fire & Police to invest in commingled
REAL ESTATE – The Los Angeles Fire & Police Pension System has approved an investment in a commingled fund and signed off on some emerging manager guidelines. The pension fund has committed to invest $25m into the ABR Chesapeake Fund III...
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ABP’s Puay Ju joins Aberdeen
REAL ESTATE - Kang Puay Ju, senior portfolio manager at Dutch pension fund ABP will join Aberdeen Asset Management’s real estate arm’s new Asian property fund, the asset manager announced.
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Cordea boosts European team
REAL ESTATE - Real estate fund manager Cordea Savills has boosted its London and Milan operations with specialists in Italian retail and UK student housing. Federica Bajeli joins the Italian office from Jones Lang LaSalle, where she was a retail ...
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Illinois Teachers eye hotels, international
REAL ESTATE - The $36.8bn (€28.9bn) Teachers’ Retirement System of the State of Illinois has approved an investment into a hotel acquisition fund and will be looking to expand into international real estate investments possibly later thi...
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Ex-Mn Services’ Dijkhuis sets up own firm
NETHERLANDS - Jan-Willem Dijkhuis, former director of Dutch real estate investments at asset management firm Mn Services, has set up his own consultancy firm for the financial and real estate sector. He’s teamed up with Mariëtte Meulma...
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Pennsylvania schools in REIT move
REAL ESTATE – The Pennsylvania Public School Employees Retirement System has allocated capital to three new REIT managers and made a commitment to a new office building investment fund. One of the new REIT managers was hired for a non-US pub...
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Sumitomo issues global fund in Japan
REAL ESTATE - Tokyo-based Sumitomo Mitsui Asset Management has launched a global real estate fund for the Japanese market, sub-managed by ABN Amro Asset Management. The ‘REIT-Plus’ fund is taking advantage of ABN Amro’s global r...
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Institutions 'turning to Continent'
REAL ESTATE - Pension funds and other institutional investors are turning to continental European real estate as a partial exit route from an underperforming UK market, according to Ben Stirling, head of real estate at Morley Fund Management. ...
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CalPERS could short US REITS
REAL ESTATE - The California Public Employees’ Retirement System (CalPERS) will short US REITs if the pension fund’s board agrees to a recommendation from its investment policy subcommittee. In June the investment committee agreed in ...
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UK coal scheme role for British Steel’s Debney
UK – LaSalle Investment Management has hired Richard Debney as European director and fund manager for the British Coal Schemes Pension Plan. Previously, Debney was head of property for the British Steel Pension Fund, where he was responsible...
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Ohio Police & Fire to invest in two funds
REAL ESTATE - The $10.8bn (€8.4bn) Ohio Police & Fire Pension Fund has approved investments totaling $200m into two core open-ended commingled funds. Both the Strategic Property Fund and Pramerica Real Estate Separate Account (PRISA) w...
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BOE scheme takes 6.7% of Henderson property fund
REAL ESTATE - The Bank of England’s pension fund has acquired almost 6.7% of Henderson Global Property Investors, the fund manager. The central bank acquired the shareholding – the company’s largest – via the Securities Ma...
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Oregon buys California complex
REAL ESTATE - The Oregon Public Employees Retirement Fund has bought a 232-unit apartment complex in California for $36.7m (€28.5m). It’s bought Redwood Creek Apartments in Rohnert Park via its real estate manager, General Investment a...
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State of Maryland hires global REIT manager
REAL ESTATE - The $34.4bn Maryland State Retirement System has selected Morgan Stanley as its global REIT manager. The pension fund took this action at its board meeting towards the end of July. The fund has awarded an allocation of up to $15...
