Latest reports – Page 3832
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More risk for little extra return
Real estate investors will have to take on more risk to secure only marginally higher returns, according to Investment Strategy Annual, a survey of global real estate markets by LaSalle Investment Management. But the report believes European off...
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Protego taps PGGM exec for Dutch push
NETHERLANDS – Protego Real Estate Investors has hired Peter de Haas, senior portfolio strategist for real estate at Dutch healthcare fund PGGM, to head its new Dutch office. He is to join the firm founded by Iain Reid, the former head of Abe...
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UBS eyes Paris, buys in Munich
UBS has acquired a €50m Munich office block for its recently-launched European office real estate fund, and expects to buy two more offices in Paris. The net initial yield from the German property is 8%. The UBS (Lux) Euro Value-Added Real ...
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Irish reserve fund plans €2bn real estate move
IRELAND – Ireland’s €15.3bn National Pensions Reserve Fund is to divert 8% of its equity holding into real estate over the next five years after a strategic review revealed its cautious asset allocation formula was failing to maximi...
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LaSalle names Lyon as European finance head
EUROPE - LaSalle Investment Management has appointed Jamie Lyon to head its European finance and operations as it gears up for another year of expansion via increasingly complex deals. Lyon, former finance director of developers ProLogis, will br...
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Colonia names Aareal’s Krauss as CIO
GERMANY – Colonia Real Estate has nabbed Edgar Krauss from Aareal as chief investment officer in a move it hopes will boost its ambitious acquisitions strategy. Stephan Rind, CEO of the Cologne-based firm, said Krauss’s appointment wo...
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ING Real Estate boosts Asia team
ASIA - ING Real Estate has charged its managing director for Singapore, Peter Wittendorp, with doubling assets under management in Asia to $3bn within two years. Wittendorp, who adds the newly-created position of chief investment officer to his c...
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US schemes eye international real estate securities
US - There is going to be more interest from US pension funds this year in investing in international real estate securities. One of the leaders in this trend will be the California Public Employees Retirement System. The pension fund is looking a...
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Hermes real estate team renamed, revamped
UK – Hermes, the asset manager owned by the BT Pension Scheme, has restructured its real estate team in a bid to increase its market savvy. Under the new structure, dedicated fund managers will narrow their focus to concentrate on specific...
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DB Real Estate plans €1bn sale
GERMANY – DB Real Estate, the property fund arm of Deutsche Bank, will sell €1bn worth of real estate holdings from its embattled core German fund to boost the fund’s liquidity, banking sources said. The sources, who asked not to...
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PKA’s Gunnergaard to set up consulting firm
DENMARK – Troels Gunnergaard, the head of property investment at Pensionskassernes Administration (PKA), has resigned to establish his own consulting firm, Gunnergaard Consult. IPE understands that Gunnergaard’s new consultancy will be...
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Switzerland’s AFIAA plans US move
US - AFIAA-REIM, a leading investment advisor for state pension funds in Switzerland, is looking to become a bigger player in US real estate investment. The company would like to place $500m in the country over the next 12 to 18 months. AFIAA is a...
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Iowa scheme issues $360m in commitments
US - The Iowa Public Employees Retirement System (IPERS) has approved new commitments to its separate account real estate managers to the tune of $359.2m (€299.4m). IPERS now works with five separate account managers. These are Clarion P...
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CB Richard Ellis Investors raises $1.18bn
US - CB Richard Ellis Investors (CBREI) has raised $1.18bn (€984m) from 33 investors for its latest commingled fund: CB Richard Ellis Strategic Partners US IV, L.P. The fund was oversubscribed with an original target raise of $800m-$900m. ...
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Rabobank eyes Bouwfonds amid muted interest
NETHERLANDS - Rabobank says it may bid for ABN Amro’s property development subsidiary Bouwfonds when it comes up for sale in 2006. Bank spokesman Ernst Moeksis said the bank would not rule out a bid for the Netherlands’ largest reside...
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Industry in wait-and-see stance on UK REITS
UK - Reaction to the outline real estate investment trust proposals last week has been muted - with many industry specialists adopting a wait-and-see approach. Gareth Lewis, director of finance and investment at the British Property Federation (BP...
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Fidelity nabs Cable for real estate push
EUROPE - Fidelity International has hired Neil Cable to drive its entry into the European real estate market. Cable, who joins as Fidelity’s head of real estate in January, will spearhead the firm’s attempt to exploit what it predicts...
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Colonia buys 1,600 Hamburg apartments
GERMAN - Colonia Real Estate AG has bought roughly 1,600 apartments in the Hamburg area for less than €40m. The Cologne-based firm said it acquired the residential portfolio through its wholly owned subsidiary CRE Wohnen GmbH. It’s...
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Rodamco to expand to Central Europe
NETHERLANDS – Retail investment company Rodamco Europe is planning to double its properties in Central Europe, it said. In order to reach its goal, it will be looking at expansion in its existing markets – the Czech Republic, Poland, H...
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Deutsche facing DB Real Estate lawsuits
GERMANY – Deutsche Bank was last Friday scrambling to contain the dual threat of damage to its image and lawsuits following an unprecedented closing of its €6.1bn German real estate fund earlier in the week. According to Deutsche, inve...
