Latest Real Estate News – Page 780
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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.
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UK recovery slows to a crawl as rents continue to suffer – IPD
UK – Capital appreciation in the UK commercial real estate market has slowed to the shallowest monthly growth since the recovery in prices began last summer, according to Investment Property Databank (IPD).
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Cross-border investment returns to pre-crisis levels
GLOBAL – Commercial real estate transactions have almost doubled around the world from last year, and cross-border investment has returned to pre-crisis levels, according to Jones Lang LaSalle (JLL).
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Korea's NPS boosts European real estate strategy by $400m
GLOBAL – The National Pension Service (NPS) of Korea has committed a further $400m (€306m) capital to Rockspring Property Investment Managers to invest in European real estate markets.
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San Bernardino County expands into global REITs
GLOBAL – The San Bernardino County Employees Retirement Association has approved a recommendation to allocate 20% of its real estate portfolio to public REITs, amounting to approximately $75m (€58.4m).
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LACERA issues RFI for real estate debt managers
GLOBAL – The Los Angeles County Employees Retirement Association has approved a Request for Information (RFI) for managers interested in participating in a search for real estate debt strategies.
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Stakes raised in Henderson PFI dispute as legal advisers sacked
UK – The stakes in the legal dispute between Henderson Global Investors and a group of 30 pension funds have been raised on news that Henderson has replaced its legal advisers, CMS Cameron McKenna, with Clifford Chance.
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German pension fund to invest €400m in Europe through iii-Investments
GERMANY – iii-Investments has been chosen to manage a new €400m closed-end pan-European real estate fund for a German pension fund.
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AREF creates investor committee to be chaired by Nick Cooper
UK – Nick Cooper, principal of The Townsend Group, is to chair a new investor committee set up by the Association of Real Estate Funds (AREF).
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UK roundup: Greater Manchester Pension Fund, GVA Grimley, British Property Federation, Oaktree
UK – The UK government has rejected proposals to help attract institutional investment in residential property despite growing interest in the sector.
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INREV: Investors re-shaping fund management industry
EUROPE – The non-listed real estate fund industry in Europe is collectively paying the price for the use of excessive leverage by a minority of fund managers, according to a report by the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
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Invesco fund shows German appetite for UK property remains strong
EUROPE – Invesco Real Estate has raised €75m from four German institutional investors, enabling it to make a first closing for its latest UK real estate fund.
