All Real Assets articles in March 2006 (Online)
View all stories from this issue.
-
News
Principal sets up retail joint venture
REAL ESTATE- Principal Real Estate Investors has put together a new joint venture to invest in retail properties in the Southeast region in the US. The real estate manager will be investing along with its partner, Charlotte, North Carolina-based G...
-
News
Investors shun Norwegian military land sale
REAL ESTATE – The Norwegian ministry of defence is inviting tenders for the valuation of land and buildings across Norway amounting to 1.5m sq m – but investors are wary. The assets include offices, forest storage facilities, shoreline...
-
News
KarstadtQuelle sells real estate for pensions
REAL ESTATE – The external pension fund of KarstadtQuelle, Germany’s second-largest retailer, will receive part of the €4.5bn in proceeds from the retailer’s sale of its German warehouse portfolio. KarstadtQuelle announced...
-
News
Ohio fund commits to mezzanine
REAL ESTATE- The School Employees Retirement System of Ohio has made a $30m (€24.9m) investment into the Fillmore East Fund. This decision was made by the pension fund at its board meeting in the middle of March. This investment falls in li...
-
News
UK relents on REITS – but leaves the cap on
REAL ESTATE - The UK real estate industry last week celebrated near-total victory in its bid to remove controversial conditions affecting companies that set up REITs from January 2007. IPE Real Estate reported in February that industry bodies incl...
-
News
Belgian pension funds get real estate kick
REAL ESTATE – Belgian pension funds’ real estate holdings returned 22.9% in 2005, according to Mercer Human Resource Consulting. “In contrast to the nineties when real estate investments performed poorly, in 2005 they achieved an...
-
News
Unilever scheme holds real estate at 15%
REAL ESTATE - Progress, Unilever’s Dutch pension fund, is to maintain its real estate allocation at around 15%, despite a stunning outperformance in 2005 from equities, which returned 30.2%. Real estate in 2005 generated a return of 8.2%, a...
-
News
Allianz’s DEGI in €110m Luxembourg buy
REAL ESTATE – Germany’s DEGI said its €1.3bn international property fund has made its first acquisition in Luxembourg city, investing €110m in two new office buildings in the Kirchberg financial district. DEGI, a unit of Al...
-
News
Institution-backed Carnegie in SEK1.2bn deal
SWEDEN – “A small number of reputable institutions” are set to benefit as Carnegie Fastigheter seals a SEK1.2bn (€128m) Swedish property deal. Carnegie Fastigheter Sverige AB – set up last year by the investment bank ...
-
News
Institutions global net sellers in 2005 – JLL
REAL ESTATE – Institutional investors were net sellers of global real estate in 2005, according to Jones Lang Lasalle.
-
News
Oregon looks at new opportunity funds, REITS
REAL ESTATE- The Oregon Public Employees Retirement Fund has allocated $225m to invest in two opportunity funds and will be pursuing a global REIT strategy later this year. The fund has approved a $100m investment into the IL&FS India Realty F...
-
News
Three new real estate indices launched
REAL ESTATE – Three new real estate indices have just been launched by Dow Jones’ Stoxx affiliate. Zurich-based Stoxx said the measures are the Dow Jones STOXX 600 Real Estate Index, the Dow Jones STOXX Americas 600 Real Estate Index a...
-
News
PREA meeting: let’s talk emerging markets
REAL ESTATE - Emerging markets was the talk of the town at the Pension Real Estate Association Conference in San Francisco on March 8 and 9. This idea was spelled out to all of the 480 attendees at the conference on countless occasions. One of the…
-
News
CBRE loses German chief Piñol
REAL ESTATE - CB Richard Ellis’s Germany managing director and investment advisory services director Guido Piñol is to join Fortress Investment’s German operations as managing director next month. Piñol will head Fortress...
-
News
IVG leases Brussels plaza to EU
REAL ESTATE - IVG Immobilien has leased its Brussels Madou Plaza building to the European Union under a 27-year lease. The parties have signed an agreement not to disclose details of the contract. More than 1,200 civil servants from the EU, the Eu...
-
News
MIPIM: deals getting done behind the glitz
REAL ESTATE – Behind the glitz of the recent MIPIM annual real estate industry event in Cannes, there were global real estate asset managers imbued with renewed zeal to pursue relationships and deals with investors and suppliers. Talk of MI...
-
News
UCITS door ajar for open-ended funds
REAL ESTATE - The European Parliament’s Committee on Economic and Monetary Affairs has called for a pan-European investment framework for open-ended real estate funds. The move follows a report issued by the Committee of European Securities ...
-
News
Europe commercial investment up 40% - CBRE
REAL ESTATE – Direct investment in Europe’s commercial property market rose 40% in 2005 to hit a new record of €141.7bn, a new study by US real estate broker CB Richard Ellis shows. Of the €141.7bn invested directly in comm...
-
News
AP3 to raise global real estate allocation
REAL ESTATE - Swedish national buffer fund Tredje AP-fonden, AP3, is to boost its long-term real estate allocation to 8.5% - at least half of it in overseas property. The public sector buffer fund said the increase - from a current allocation of ...
-
News
Real estate returns 21% for Ontario Teachers
REAL ESTATE – The $96.1bn (€67.7bn) Ontario Teachers’ Pension Plan made a 21.3% return on its real estate portfolio in 2005. The figure compared to a 6.2% return for the benchmark. “Real estate, managed by the Cadillac F...
