Latest IPE Real Assets news – Page 1174
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Fidelity launches Asia Pacific property fund
REAL ESTATE – Fidelity International has launched an Asia Pacific property fund, which will invest in real estate companies in both developed and emerging markets in the region, it has announced. "The fund will allow investors to benef...
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More US pension fund capital headed to foreign investment funds
REAL ESTATE – Additional pension fund capital in the United States is being invested in commingled funds with a foreign investment strategy. Two of the most recent examples of this are with Los Angeles County Employees Retirement Association (L...
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Deka to invest more outside Germany
REAL ESTATE – Germany’s Deka says its real estate funds for institutional investors plan to invest €550m in new properties over the near term, with €250m going to German objects and €300m to those outside of Germany....
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Threadneedle FoF ‘meets European demand’
REAL ESTATE – Threadneedle is to launch a pooled property fund of funds in response to demand for diversified European exposure from UK and continental European pension funds, the fund manager announced last week. The Luxembourg-listed SICA...
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Pennsylvania State fund expands opportunity commitments
REAL ESTATE – Pennsylvania State Employees Retirement System is expanding its commitments to placing capital in opportunity real estate funds. The pension fund will be interviewing Angelo Gordon & Co. at its March board meeting for a pos...
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Corio acquires 49% of Italian retail centre
REAL ESTATE – Property owner and manager Corio has reached an agreement on the acquisition of a 49% stake in retail centre Citta Fiera in Udine, Italy, paying €87m. The centre comprises 70,800 square metres of gross lettable area in to...
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SLI abandons caution on Germany
REAL ESTATE – Standard Life Investments has abandoned its long-held caution over the sustainability of Germany’s nascent economic recovery and has made its first investments in the market. The fund manager announced last week that it had ...
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Habas refrains from Nieuwe Steen offer
REAL ESTATE – Israeli property investor Habas HZ Investments will not make a public offer for a stake in the Netherlands based Nieuwe Steen Investments, the Dutch firm has said. At Habas’ request, NSI was investigating a possible strat...
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CalPERS invests $155m in opportunity investments
REAL ESTATE – California Public Employees Retirement System has approved two opportunistic real estate investments totaling $155m (€118m). One of these investments was $80m that was placed into the Fortress Holiday transaction. This i...
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Hermes sells upmarket retail
REAL ESTATE – Hermes, the UK asset manager owned by the BT Pension Scheme, is to sell its 50% stake in the Glaswegian specialist shopping centre Princes Square. The asking price for the centre, which is co-owned by the insurer Clerical Medi...
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Unlisted UK real estate returned 69%in 2006
REAL ESTATE - Unlisted UK real estate funds returned 69% last year, driven by the outperformance of the City and West End, according to the Association of Real Estate Funds (AREF). The association’s newly launched quarterly report claims th...
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DivcoWest buys property in Texas
REAL ESTATE - DivcoWest has closed on the purchase of an office building in Austin, Texas. The real estate fund manager paid $49m (€37.3m) for the Parmer Business Park in Austin. The property was acquired from pension fund manager RREEF....
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Welsh scheme to invest €19m in unlisted property
REAL ESTATE – Welsh local authority Powys County Council is tendering for a multi-manager to handle £13m (€19m) of European (ex. UK) unlisted real estate for its pension fund. An investment panel of five local councillors will ap...
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RREEF in new joint venture for US apartment deals
REAL ESTATE – Major manager RREEF has formed a joint venture with Bainbridge Capital, LLC to invest in apartment complexes in certain markets across the US. There is no set amount of capital that has been allocated to the venture. Transacti...
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IVG issuing €400m of convertible bonds for growth purposes
REAL ESTATE – German real estate firm IVG says it has issued €400m worth of convertible bonds for the purpose of financing future growth and large acquisitions. IVG sold the convertibles last week to primarily European institutional in...
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SoCal office of ING Clarion to focus on value-added deals
REAL ESTATE - The Southern California office of ING Clarion Partners will be focusing on more value-added investments for 2007. Managing director Richard Pink said: "Our investment plan for this year is to emphasise more value-added kind of ...
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No slowdown in real estate transactions in Europe’s €6trn market
REAL ESTATE - A study of European portfolio transactions claims new supply and niche portfolios will drive continued investment in the real estate sector. The report, published last week by Sireo Research and the Centre for European Economic Res...
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Mass PRIM approves value-added strategy with $300m commitment
REAL ESTATE - Massachusetts Pension Reserves Investment Management Board(Mass PRIM) has approved a new value-added investment policy for its real estate portfolio. The pension fund took this action at its board meeting earlier this month. It was as...
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Swiss Partners Groups acquires PCA in US
REAL ESTATE - Swiss alternatives asset manager Partners Group said it had acquired the private real estate investment arm of US-based Pension Consulting Alliance (PCA). Financial details were not disclosed. Partners Group said that as a result of ...
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German pension scheme sells off Hamburg residential
REAL ESTATE - An unnamed north German pension fund has sold a 55-unit residential portfolio in Hamburg to property firm Hanseati for €4m. The ageing portfolio of 55 housing units and 28 parking bays is located in Alsterdorf-Winterhude. The ...
