Latest IPE Real Assets news – Page 1192
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Pension fund backs Italian independence
EUROPE - Cordea Savills last week announced that it had found a cornerstone institutional investor for Italian Opportunities, a closed-end Luxembourg real estate SOPARFI. The fund is looking to raise €200m for single-asset and portfolio ac...
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Pension funds surge into US REITs
US – Several large public pension funds are preparing to jump into publicly traded real estate securities (REITs). Industry insiders are predicting that $500m (€422m) of new capital will be invested in REITs by public pension funds ov...
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Japanese investment set to increase – still a key destination for foreign capital
Japan - Japanese REITs are set to boost the already substantial cross-border investment flows in Asia. From 2007, they are expected to be free to acquire foreign properties and incorporate them into their portfolios.
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Funds put faith in urban investment
US – Two California-based pension funds have committed capital to an urban investment strategy using commingled funds. The Los Angeles County Employees’ Retirement Association has made a $60m (€47m) investment into UrbanAmerica I...
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Oppenheim plans E1bn investment in new properties
GERMANY – Oppenheim Immobilien-KAG, Germany’s leading provider of property funds for institutional investors, plans to invest €1bn in new properties in 2006, 30-40% of which will go to retail stores, according to OIK chief executive...
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WP Realty forms new investment fund
US - WP Realty has put together a new investment fund called WP Real Estate Investment Fund IV. There was a total equity raise of US$150m (€117m). One of the largest investors in the fund was BayNorth Capital Partners, which has many institut...
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CalPERS looks to Europe for reasons to spend
US - The California Public Employees' Retirement System (CalPERS) is to boost its $11.6bn real estate allocation with opportunistic investments in cross-category European real estate, a spokesman for the fund said.
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Carlyle hires for Nordic real estate
REAL ESTATE - US private equity group Carlyle has appointed Thomas Lindström to head its new Nordic real estate operations. Lindström joins from GE Real Estate, where he was responsible for Nordic acquisitions. As managing director,...
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Washington State invests $850m in real estate
REAL ESTATE- The Washington State Investment Board has placed $850m (€677m) of new investment capital into real estate in two investments. The fund made an investment of up to $750m into GMS International and a $100m commitment into the Warb...
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Illinois to invest up to $90m in three funds
REAL ESTATE - The $11bn Illinois State Board of Investment will be investing up to $90m (€71.7m) into three non-core pooled (commingled) funds. The fund will take the action at its board meeting later this month, June 29-30. T...
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Sacramento interviews four real estate managers
REAL ESTATE - The Sacramento County Employees Retirement System is to interview four value-added commingled fund real estate managers for its new manager search. The four commingled funds are AEW Value Investors II, GEAM Value Add Realty Partners,...
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Swiss Publica in €70m Basle development
REAL ESTATE – Publica, a pension fund for federal employees that is one of Switzerland’s largest, has invested CHF110m (€70m) in the creation of 240 new flats in the city of Basle. Publica, which allocates 4.5% of its CHF32.8bn i...
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Singapore govt boosts European real estate team
REAL ESTATE - The Government of Singapore Investment Corporation (GIC), one of the world’s largest fund managers, is recruiting a real estate investment manager for its European portfolio. The new fund manager will manage direct investments...
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Land Secs: schemes ‘to ditch direct real estate’
REAL ESTATE - Pension funds will scale down direct investment in real estate in favour of UK REITs, according to Land Securities, Europe’s largest property company. The UK firm’s annual report, published last week, forecast that pens...
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Investors now ‘more choosy’ on real estate IPOs
REAL ESTATE – Merrill Lynch reckons investors have become more discriminating about new real estate share issues recently. It follows what it calls an earlier “indiscriminate” flood of cash from investors into real estate initial...
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BP pension fund not giving up on town bid
REAL ESTATE – The £12bn (€17.4bn) BP Pension Fund says it hasn’t given up on its bid to build a new town in southern England, despite a regional inspector’s report recommending it be shelved. The Hertfordshire develop...
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Dutch metalworkers in €18m apartment buy
REAL ESTATE - Mn Services has acquired part of the Netherlands’ largest building for its owner, the €20bn metalworkers’ Pensioenfonds Metaal en Techniek (PMT), for €18.34m. PMT acquired a residential section of the 152m hi...
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CBRE in deal with Oxford Property Consultants
REAL ESTATE – UK real estate research and investment firm Oxford Property Consultants has inked a deal with CB Richard Ellis. The move will see a merger between OPC’s investment management arm with the existing UK multi-manager busines...
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Germany plans huge real estate sell-off
REAL ESTATE – The German government plans to sell €500m worth of its own real estate annually as part of a rationalisation programme, the head of the federal agency in charge of the properties says. The government’s properties in...
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Swedish buffer fund considers real estate
REAL ESTATE – The roughly SEK187.3bn (€20.2bn) buffer fund Första AP-Fonden, or AP1, may consider real estate as it continues its push into alternative asset classes. “It could be hedge funds or real estate,” said a sp...
