Latest Real Estate News – Page 785
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UK hotel buy bucks prime trend
UK - Deutsche Bank real estate subsidiary RREEF has bucked a trend towards international prime hotel acquisition by acquiring the Four Pillars Hotel Group, which has five mid-sector assets in Oxfordshire and Gloucestershire.
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US pension funds buy opportunity
UNITED STATES - Pension funds in the United States are investing more capital into commingled funds with opportunistic investment strategies.
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Berkshire trades direct property for fund
UK - The £1.4bn (€2.1bn) Berkshire pension fund has made a £15m investment into BlackRock's UK property fund.
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Pension funds fuel urban investment trend
UNITED STATES - Pension funds in the United States are putting more capital into an urban investment strategy on the back of young professionals’ demand.
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LACERA to fund account through real estate sale
UNITED STATES - Los Angeles County Employees Retirement Association has approved an annual real estate investment plan for 2007/2008 which will see property worth $700m sold and as much as $900m (€648m) invested through a domestic separate account strategy.
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Land investment is the new real estate
UNITED STATES - Real estate managers are investing in land as a new specialist investment strategy.
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CalSTRS extends senior housing exposure
UNITED STATES - California State Teachers Retirement System has expanded an existing joint venture with California-based Vintage Senior Advisors and invested more money in its senior housing venture.
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Sustainability to split real estate pricing - DTZ
EUROPE – Real estate manager DTZ is predicting Europe will eventually develop into a two-tier property market which prices less energy-efficient real estate at a discount.
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F&C property trust to decide whether to quit
UK - Negative investor sentiment towards UK property has driven the F&C Commercial Property trust to convene an extraordinary general meeting (EGM) to decide on its own future.
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REITs ‘waiting for long-term investors’
UK - Critics of the poor performance of UK REITs since their launch in January are failing to understand they’re a long-term investment, according to Dave Butler, programme coordinator at UK-based campaigning group REITA.
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Investors turn to active management
EUROPE - Investors will increasingly opt for active management as “indiscriminate yield compression” in Europe ends, according to Aberdeen Property Investors.
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San Bernardino eyes structured finance over Asia
UNITED STATES - San Bernardino County Employees’ Retirement Association has expanded its real estate investment program to the Asian markets for the first time by investing $40m (€28.9m) in two commingled funds but is now turning attention to the structured finance sector.
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Investment managers supply industrial property access
UNITED STATES - Real estate managers looking after major US pension funds' assets are still seeking large industrial deals to accommodate the local pensions market.
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Montana State grows international focus
UNITED STATES - Montana State Board of Investment has increased its exposure to international real estate with committing capital to two new commingled funds.
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CalPERS approves infrastructure pilot program
UNITED STATES - California Public Employees Retirement System has approved a pilot program to invest up to $1.5bn (€1.44bn) in infrastructure on a global basis.
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Irish pension fund sells retail stores
IRELAND – The Irish Property Unit Trust is selling some of its retail investments in Cork and Limerick, as well as an office block in Dublin, to finance its stake in a new Cork retail property project.
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McGuire swaps Edinburgh for London
UK – AXA Real Estate Investment Managers has persuaded Standard Life Investment’s Martin McGuire to leave his property remit at the life office and head up one of its core-plus propositions.
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Pension funds give euro focus to Goodman
EUROPE – Asset management firm Goodman Property Investors has picked up a series of new European real estate mandates from pension funds in recent months, the latest of which is from GlaxoSmithKline (GSK).
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Futures present for listed property
FRANCE - Launch of two European futures contracts on the Paris derivatives market will give investors “cost-effective, simple and efficient” exposure to listed property, according to Liffe, Euronext’s London-based derivatives business.
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Finland remains 'Nordic property capital'
FINLAND - Finnish real estate still offers pension funds credible property investment opportunities despite the small size of the market, according to Aberdeen fund manager Pertti Verhanen.
