Latest Real Estate News – Page 716
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Carlyle combines buyout, real estate capital to fund B&B Hotel purchase
EUROPE – The Carlyle Group has acquired B&B Hotel Group, operator of 223 hotels across France, Germany and France, with equity from one of its private equity buyout funds and one if its real estate vehicles.
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French commercial real estate returns to positive territory, says IPD
FRANCE – Commercial real estate in France has emerged from a two-year slump to record a six-month 1.6% capital appreciation, according to Investment Property Databank (IPD).
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AMF makes largest Swedish transaction in over two years
SWEDEN – Swedish pension provider AMF and German open fund manager DEKA Immobilien Investment have executed the largest single real estate deal in the city of Stockholm for more than two years.
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Quarter of global fund managers' real estate assets in Asia
GLOBAL – Global fund managers own $178.6bn (€131bn) of real estate in Asia Pacific, close to a quarter of their total assets under management, according to ANREV.
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Texas Teachers approves $500m investment in retail REIT
GLOBAL – The Teacher Retirement System of Texas has approved a $500m (€371m) investment into General Growth Properties (GGP).
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Wisconsin commits $75m to Mesa West debt fund
GLOBAL – The Wisconsin State Investment Board has made a $75m (€56m) commitment to the Mesa West Real Estate Income II commingled fund.
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Germany sets two-year holding period for open real estate funds
GERMANY – The German government has passed new regulations for open real estate funds (OIFs) that will include a minimum two-year holding period.
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Korea's National Pension Service goes global with $300m US mandate
GLOBAL – The National Pension Service (NPS) of Korea has hired The Townsend Group to invest $300m (€222m) of its capital opportunistically in the Americas.
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Large retails deals on the rise in Australia
AUSTRALIA – The sale of four retail outlet centres for $473m (€351m) has signalled a rebound in interest among institutional investors for large retail transactions in Australia, according to Jones Lang LaSalle (JLL).
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Quarterly INREV index shows first positive returns since 2007
EUROPE – Performance of European non-listed real estate funds returned to positive territory this year, the first time since 2007, according to inaugural quarterly index results for the sector.
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Texas Teachers makes $300m commitment to US Government Building Fund
GLOBAL – The Teacher Retirement System of Texas has become the lead investor in the recently closed US Government Building Fund after Texas Teachers approved a $300m (€230.2m) allocation to the fund.
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San Diego County makes $200m commitment to core fund
GLOBAL – The San Diego County Employees Retirement Association (SDCERA) has approved a $200m (€152m) commitment into the JP Morgan Strategic Property fund.
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CalPERS continues Brazilian joint venture with Hines
GLOBAL – The $210bn (€158bn) California Public Employees Retirement System (CalPERS) has given its latest endorsement to Hines' Brazilian real estate expertise by committing to the third in a series of joint ventures in the South American market.
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Newham Pension Fund backs co-investment housing fund
UK – The London Borough of Newham Pension Fund is to invest in a new residential real estate fund run by Mill Group.
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CPPIB swoops on eight shopping centres
GLOBAL – The Canada Pension Plan Investment Board (CPPIB) has spent C$230.5m (€167m) to acquire interests in eight shopping centres in Canada.
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UN pension fund outsources listed real estate investments
GLOBAL – The United Nations Joint Staff Pension Fund (UNJSPF) is seeking a fund manager to run its portfolio of listed real estate securities.
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Denmark's FSP, Lærernes team up on residential development
DENMARK – Danish pension funds FSP Pension and Lærernes Pension have teamed up to invest nearly DKK400m (€53.7m) in a new residential property development in Denmark.
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Henderson launches fifth US apartments fund
US – Henderson Global Investors is planning to launch a fifth fund targeting the US multi-family market, which it has identified as the best-positioned sector in the country.
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European debt strategies finding traction with investors, says LaSalle
EUROPE – LaSalle Investment Management has raised institutional capital for a new real estate debt strategy as a number of fund managers position themselves to capitalise on widespread deleveraging of banks.
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West Midlands boosts exposure to UK retail with three deals
UK – The West Midlands Pension Fund has bolstered its retail exposure in the UK by adding a shopping centre, warehouse park and supermarket to its direct portfolio.
