All Real Assets articles in March 2006 (Online) – Page 2
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News
New Jersey to invest $1.6bn in two years
REAL ESTATE - The New Jersey Division of Investment has allocated $1.6bn (€1.3bn) to be invested in real estate over the next two years – that’s $675m in fiscal 2006 and $900m in the next year. This allocation comes from an alloc...
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News
Sponda results signal Finnish recovery
REAL ESTATE - Helsinki’s office market is showing the first signs of recovery, though it remains vulnerable to short-lease expiries, according to Merrill Lynch. In research note issued by the bank on Finnish property management firm Sponda,...
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News
Online property derivatives trade in offing
REAL ESTATE - Independent pricing provider Tullet Prebon and e-trading firm Propex are teaming up to deliver the first real estate derivatives trading platform. Under the partnership agreement, Propex, the main data exchange for real estate-holdi...
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News
Germany’s DEGI sees commercial recovery
REAL ESTATE – A new study by German property fund provider DEGI has provided further evidence of a recovery in the domestic commercial real estate market yet also questions the sustainability of that recovery. According to the study, demand ...
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News
Morley, CBRE launch global REITs fund
REAL ESTATE - Morley and CB Richard Ellis will jointly launch a global REIT fund. The Aviva Funds Global REIT fund, the sub-fund of a Luxembourg SICAV, will invest in listed real estate securities in markets with REITs. The partners said the REIT...
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News
NY teachers back Penwood fund
REAL ESTATE - Penwood Real Estate Management has attracted $100m (€84m) in equity for its first commingled fund called California Select Industrial Partners. The capital came from two public pension funds contributing $50m each: one of these...
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News
Pension funds back new Morgan Stanley fund
REAL ESTATE – Major pension funds around the world have invested in the new Morgan Stanley global real estate fund, the bank says. It said it has raised $4.2bn (€3.53bn) of equity for its Morgan Stanley Real Estate Fund (MSREF) V Inter...
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News
Irish construction scheme ups allocation
REAL ESTATE - The Construction Federation Operatives Pension Scheme (CFOPS), the Irish builders’ fund, has boosted its real estate allocation by 2% with a move into indirect investment. Until last year the €570m fund held 10% of its po...
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ABP and ATP in UK real estate venture
REAL ESTATE – The Netherlands’ ABP and Denmark’s ATP have signed up for a £500m (€724m) real estate joint venture. The civil service and labour market funds have teamed up with the management team of Hemingway Properti...
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News
Louisiana Teachers’ €600m move
REAL ESTATE – The Teachers’ Retirement System of Louisiana has allocated a total $600m (€503m) to three open-ended core commingled fund real estate managers. Each of these managers will receive a $200m commitment. They are Pramer...
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News
Townsend gets larger role at Ohio fund
REAL ESTATE - The $10.6bn Ohio Police & Fire Pension Fund has decided to let its real estate consultant, Cleveland-based the Townsend Group, to work with its separate account real estate managers. In the past, the pension fund had its senior r...
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News
Ilmarinen wary of real estate price rises
REAL ESTATE - Economic growth could prove just as big a risk to real estate investors as slowdown, according to Finnish pension fund Ilmarinen. Against a buoyant Finnish economy, year-end results revealed that Ilmarinen’s €2.1bn real e...
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News
Deutsche write-down lower than estimated
REAL ESTATE – DB Real Estate, the property fund arm of Deutsche Bank, has re-opened its core German real estate fund following a write-down of its holdings which, at €147m, was lower than previously estimated. Following the surprise cl...
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News
David Hunter joins Halladale as consultant
REAL ESTATE - Halladale has appointed former Aberdeen and Arlington managing director David Hunter as a consultant to Rynda, its majority-owned fund management business. The UK commercial property group set up Rynda last year to expand its co-inv...
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News
Stouthamer’s Composition opens HK office
REAL ESTATE – Erwin Stouthamer’s Composition Capital Partners has opened a regional office in Hong Kong. The office would deal with local partners and scout out new investment opportunities for its Asia private real estate fund of fund...
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News
ING Real Estate names Central Europe MD
REAL ESTATE - ING Real Estate has appointed Martin Sabelko as managing director of its Central Europe investment management business five months after his predecessor quit the job. Sabelko will be responsible for local management of the ING Prope...
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News
UBS Asia real estate chief joins Goldman
REAL ESTATE – Goldman Sachs has hired Michael Smith, head of real estate in Asia at UBS, for its Singapore office. It’s also taken on Vincent Peng, head of UBS's corporate investment group for Singapore's Government of Singapore Inves...
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News
CalSTRS to expand apartment venture
REAL ESTATE – The California State Teachers Retirement System has expanded an existing joint venture with BlackRock Realty to invest in apartments that will have a total capitalization of $1.2bn (€1bn). There is a total of $420m of equ...
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News
San Bernardino in new allocation
REAL ESTATE – California’s San Bernardino County Employees Retirement Association has awarded separate account manager American Realty Advisors a new $25m allocation and approved a new value-added strategy. The real estate manager has ...
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News
Ontario fund to raise real estate allocation
REAL ESTATE – OMERS, the C$41.1bn (€30.0bn) Ontario Municipal Employees’ Retirement System, is to raise its real estate allocation to 12.5% from the current 8.1%. It comes amid a plan to raise its allocation to real estate, priva...
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