Latest reports – Page 3814
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Idaho fund in $18m Arizona purchase
REAL ESTATE – The $9.9bn (€7.75bn) Public Employee Retirement System of Idaho, or PERSI, was last week involved in the $18m purchase of an office building in Scottsdale, Arizona following the vendor’s liquidation. PERSI and the C...
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IVG ups Oppenheim real estate stake
REAL ESTATE – German real estate specialist IVG Immobilien plans to acquire nearly all of Oppenheim Immobilien-Kapitalanlagegesellschaft (OIK), Germany’s leading provider of real estate funds for institutional investors. IVG said that ...
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Texas Teachers makes real estate moves
REAL ESTATE - The Teacher Retirement System of Texas made some real estate moves at its board meeting in the middle of September. The fund has approved an investment of up to $100m into the Capmark Structured Real Estate Partners commingled fund. ...
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USS in central Europe real estate move
REAL ESTATE – The £26bn (€38.5bn) Universities Superannuation Scheme, the pension fund for university staff, has made a move to increase it central European real estate holdings. First Property Group, which manages regional real e...
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LA County earmarks $600m for separate account
REAL ESTATE - The Los Angeles County Employees Retirement Association has chosen an initial commitment of $600m as it establishes a new way to allocate capital for its separate account real estate managers. The allocation will be split into three ...
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Irish reserve fund puts €44m into property
IRELAND – Ireland’s National Pensions Reserve Fund is to invest £30m (€44m) in specialist property fund The Mall as part of its €135m commitment to real estate.
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Morley goes to the movies
REAL ESTATE - A 50/50 joint venture between Morley Fund Management and Pinewood Shepperton has acquired the 999-year lease on Shepperton film studios outside London. Morley paid £10.5m cash towards the Shepperton Studio Property Partnership ...
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IPE-QUEST: Swiss institution tenders real estate
REAL ESTATE – Swiss investment consultant Kieger AG has tendered two real estate mandates for one of its institutional clients via IPE-Quest. Up to $50m is being tendered via two searches (QN659 and QN660). They are not connected to search Q...
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REI finance director resigns as assets increase
REAL ESTATE - Real Estate Investors (REI) finance director Malcolm Lewin resigned last week “with immediate effect” as the group reported a 36.7% increase in its assets to £7.9m (€11.7m). The firm provided no explanation fo...
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Shorenstein raises €867m for new fund
REAL ESTATE - Shorenstein Properties LLC has raised $1.1bn (€867m) for its latest commingled (pooled) fund, Shorenstein Realty Investors Eight, L.P. It took the real estate fund manager around four months to raise the capital. It could have...
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ING starts real estate service provider
REAL ESTATE – Dutch banking group, in a bid to enhance its range of real estate-related banking and advisory services, has formed ING Real Estate Capital Advisors, or RECA. RECA will offer fully integrated banking, capital markets and adviso...
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Warwick fund puts €75m into real estate
REAL ESTATE - Warwickshire County Council has tendered for up to £50m (€75m) in real estate for the £1bn Warwickshire Pension Fund. It’s also putting a similar amount out to tender for fund of hedge funds. The fund, which ...
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Ohio PERS awards new allocation to manager
REAL ESTATE - Ohio Public Employees Retirement System has decided to grant Great Point Investors a new annual real estate allocation of $200m. The real estate manager figures that it will use leverage to the amount of 40% at the portfolio level....
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CBRE names Tokyo head
REAL ESTATE - CB Richard Ellis has hired former Macquarie Properties Japan president Steve Bass to head its Tokyo office just weeks before it launches operations in China. Bass, a former CBRE executive, will handle the firm’s investments i...
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Illinois State buys industrial portfolio
REAL ESTATE- The Illinois State Board of Investment has purchased a portfolio of industrial properties through separate account manager CB Richard Ellis Investors for $80.5m (€63.5m) from Bentley Forbes. The transaction involved the acquisit...
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Belgian government plans €1.2bn REIT
REAL ESTATE - The Belgian government has chosen property firm Cofinimmo as partner in a €1.2bn Sicafi, to be listed last year. The REIT-like structure will comprise 79 buildings used by federal ministries and European organisations. The gov...
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Hewitt’s Duff attacks real estate managers
REAL ESTATE - Most real estate fund managers aren’t fit for purpose, according to Nick Duff, real estate partner at Hewitt Associates. In an interview with IPE Real Estate, Duff said most lacked “the contacts, the systems or the teams...
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LaSalle names new CEO
REAL ESTATE – LaSalle Investment Management, a member of the Jones Lang LaSalle Group, has appointed Jeff Jacobson as its new CEO.
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EPRA conference report
REAL ESTATE - Red tape is hindering the development of the Hungarian real estate investment market – that’s one of the messages to emerge from the European Public Real Estate Association conference in Budapest.
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CalSTRS to put 11% into real estate
REAL ESTATE – The California State Teachers' Retirement System is looking to real estate as it rejigs its investments and tries to plug a $20bn (€15.7bn) funding gap.
