Latest IPE Real Assets news – Page 1177
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Great Point to expand into US commingled fund business
REAL ESTATE – In the US, Great Point Investors will be expanding into the commingled fund real estate business for the first time with its Great Point Value Fund. Principal Gary Schwandt said, "It’s our opinion that most pension ...
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Dutch investor ups allocation with UK retail
REAL ESTATE – Netherlands-based TKP Pensioen, a subsidiary of Aegon, last week announced that it had invested €52m in Standard Life’s €2.8bn UK shopping centre fund. The Dutch pension fund manager said the move w as part ...
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Morgan Stanley sets up senior housing JV
REAL ESTATE - Morgan Stanley Real Estate has created a senior housing joint venture with National Health Care Properties. Dave Hardman is head of US real estate investing for Morgan Stanley. He said, "We feel good about doing business with ...
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S&P launches global property index for ‘liquidity and tradability’
REAL ESTATE – Index provider S&P has launched the Global Property 40 Index to provide exposure to 40 leading companies in the global real estate markets. The index is made up of large, well traded, liquid companies from North America, Eu...
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BBC’s industrial sale not indicating strategy shift
REAL ESTATE - The BBC’s pension fund in the UK has denied that last week’s sale of 60,000 square foot of real estate on a northeast English industrial estate reflected a tactical move away from industrial as an asset sub-class.
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UBS replaces O’Keefe by Marcuse hire
REAL ESTATE - UBS has appointed AXA Real Estate Investment Managers CEO Paul Marcuse to head its asset management arm’s global real estate business. Marcuse, who will also join the asset management firm’s executive committee, replaces Jam...
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Regency Centers forms open-ended $1.2bn retail fund
REAL ESTATE - Regency Centers Corporation has formed a new open-ended investment fund called Regency Retail Partners, LP. There is a total of $370m(€286m) of equity in the fund now. One of the largest investors in the fund is GIC Real Estat...
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REIT and pension fund manager setup retail venture
REAL ESTATE - Ramco-Gershenson Properties Trust and Heitman have created a JV to invest in retail properties in selected markets across the US. The total amount of equity in the joint venture is around $159m(€123m). The equity contributions...
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Kodak-backed Halladale posts results 8% up
REAL ESTATE - Halladale, the Scottish real estate firm backed by the Kodak pension fund, posted interim pre-tax profits of £4.12m(€6.4m) – an 8% increase over 2005. The results, covering the six months to the end of October 2006...
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Morgan Stanley fund buys €400m New York office
REAL ESTATE - Morgan Stanley Real Estate has made a major office building purchase in New York City with the acquisition of the one million2ft. 2 Park Avenue in Midtown Manhattan. The purchase price for the property was $519m(€400m). This w...
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Mainland European commercial ‘in sweet spot’
REAL ESTATE - Domestic demand will drive out-performance from mainland European commercial property, according to a report published last week by fund manager Seven Dials. Continued macroeconomic growth, low reliance on US trade and strong labour...
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Perennial names van Loen as senior portfolio manager
REAL ESTATE - Perennial Real Estate Investments (PREI) has appointed Boudewijn van Loen as senior portfolio manager Europe. Van Loen, will be closely working with the existing European team of Stuart Pearce and Joseph Daguio, it said. According...
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CalPERS to participate in new REIT IPO
REAL ESTATE - The California Public Employees Retirement System figures to be part of a new initial public that should be coming to the market in January. The new REIT being created is called Meruelo Maddux Properties, Inc. The total number of sh...
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ABP-backed developer builds tallest high-rise for students
REAL ESTATE - UK student accommodation developer UNITE has secured planning permission for the £35m(€53m) second phase of the world’s tallest student accommodation block. The firm, which is 4% owned by Dutch pension fund ABP, will bu...
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Pramerica creates JV to develop senior living in UK
REAL ESTATE - Pramerica Real Estate Investors has put together a joint venture with Sunrise Senior Living to construct senior living properties in the United Kingdom. Jonathan Short, managing director and head of the group’s European merchan...
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Three pensions players join forces in Finnish fund
REAL ESTATE - Ilmarinen, the €21.6bn multi-employer pension scheme in Finland, has joined with Dutch pension fund ABP and Denmark’s €49.6bn ATP fund in a Finnish property fund set up specifically for them by Aberdeen. The three ...
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Tyneside fund hires Colliers for property portfolio
UK - South Tyneside Council pension fund has hired Colliers CRE to provide quarterly valuation services for its £375m (€567m) property portfolio. Colliers replaces incumbent Lambert Smith Hampton after winning a tender first announced last...
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ING Dutch real estate funds return up to 21%
NETHERLANDS - ING Real Estate’s three Dutch funds have realised returns of up to 21% during 2006. The best performer was the €1.7bn Dutch Retail Funds, which yielded 20.5%-21.1%, according to ING. Dutch Office Funds, with assets under ...
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DIFA to sell €1bn in commercial property
REAL ESTATE – DIFA, a German provider of open-ended real estate funds, has announced plans to sell more than €1bn worth of German commercial properties held by its funds. DIFA said it had already hired Atisreal, the real estate consul...
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Ohio Police & Fire commits capital to new commingled fund
REAL ESTATE- The Ohio Police & Fire Pension Fund has approved a $25m (€18.5m)investment into the Colony Investors VIII, L.P. The pension fund took this action with some assistance from its real estate consultant, The Townsend Group. The...
