All Real Assets articles in May 2006 (Online)
View all stories from this issue.
-
News
ABP eyes Asia as sector gets professional
REAL ESTATE - Stichting Pensioenfonds ABP, Europe’s largest pension fund, plans to increase its real estate allocation in Asia, citing the increasing professionalism of the Asian real estate and the emergence of REITs. “The increasing ...
-
News
California funds active in real estate market
REAL ESTATE – Three large California-based pension funds have been active in the real estate market recently. They are the San Jose Federated City Employees Retirement System, the California Public Employees Retirement System and the Sacrame...
-
News
Strong Germany boosts Jones Lang Lasalle
REAL ESTATE - Jones Lang Lasalle last week reported net income of $4.6m (€3.67m) for the first quarter of this year – bucking a trend in recent years to report first-quarter losses. Global revenues were up 40% to $337m over 2005, wit...
-
News
Dutch real estate group Corio names CFO
REAL ESTATE - John Kuik will join the board at Corio as chief financial officer at the beginning of May, the Utrecht-based property company said last week. He will replace Jan Procter, who has served as interim CFO since August 2005. Asked wh...
-
News
ING launches China fund, plans REIT
REAL ESTATE - ING Real Estate is to launch its first fund in China later this year. The firm expects to raise between $200m—250m (€163m—€204m) for the China Opportunities Fund from Asian, European and US institutional inve...
-
News
Global commercial property investment jumps
REAL ESTATE - Global direct investment in commercial real estate jumped $100bn (€80bn) last year to $475bn, according to new research. Foreign investors in the US market accounted for almost half of the 21% increase, according to ResearchWor...
-
News
US funds 'double real estate commitments'
REAL ESTATE – The 50 largest public pension funds in the US made almost $20bn (€15.8bn) in new real estate commitments last year – double the 2004 figure – according to industry research. The total real estate holdings of t...
-
News
Credit Suisse nabs Rudolf for Swiss role
REAL ESTATE - Credit Suisse has appointed Claudio Rudolf as a director in charge of acquisition and sales for its Swiss Real Estate Asset Management business. “As a director, he will directly report to Markus Graf, head of Real Estate Asset ...
-
News
Dawnay Day plans India real estate funds
REAL ESTATE - UK investment house Dawnay Day has plans to launch real estate funds in India this year. Its joint venture Indian business, headed by Alok Vajpeyi, is already active in real estate development projects. Vajpeyi, a former Swiss Bank ...
-
News
Finland’s Espoo recruiting real estate managers
REAL ESTATE – The Finnish city of Espoo is scouting for investment teams to manage a new €364m fund being created. The municipality will capitalise the fund, designed to support the city’s long-term infrastructure and real estat...
-
News
SNS Reaal raises €1.3bn from institutions, retail
REAL ESTATE - Dutch bancassurance firm SNS Reaal is to raise €1.3bn in an initial public offering aimed at institutional and retail investors. Former sole shareholder Stichting Beheer SNS Reaal, which supported the Euronext flotation, will ...
-
News
University of California activates €1.9bn plan
REAL ESTATE - The University of California has decided to activate its real estate investment program for two of its investment entities. It has $2.5bn (€1.9bn) available to invest in real estate, representing a 5% allocation to the asset cl...
-
News
LA Fire & Police pensions in €102m move
REAL ESTATE- The Los Angeles Fire & Police Pension System has made $130m (€102.2m) in real estate investments by committing capital to a new REIT manager and two commingled funds. The fund selected Principal Global Investors as its third...
-
News
New Jersey puts $150m into real estate
REAL ESTATE- The New Jersey Division of Investment has placed a total investment of $150m (€117.9m) into two commingled funds. The largest of the two investments was a $100m commitment into the RREEF Global Opportunities Fund II. This close...
-
News
L&G pooled pension fund ups London allocation
REAL ESTATE - Legal & General’s pooled property pension fund has acquired a £25.6m (€37.3m) office block as part of the firm’s strategy to up its weighting in central London real estate. The firm acquired the refurbishe...
-
News
UK church rebalances real estate portfolio
REAL ESTATE – The £4.9bn (€7.1bn) Church Commissioners fund – responsible for paying vicars’ pensions – rebalanced its commercial property holdings in 2005 to increase diversity and reduce risk. “There was ...
-
News
Dutch set up real estate watchdog
REAL ESTATE - Five Dutch investment companies and real estate asset managers say they have taken the initiative towards an independent watchdog. The aim of the new foundation – Stichting Transparantie Vastgoedfondsen or STV – is to inc...
-
News
S&P unveils nine new real estate indices
REAL ESTATE - Standard & Poor’s has launched nine new Property and REIT Peer Indices - designed to give a more accurate reflection of global property and REIT investment trends. The launch coincides with S&P’s seventh annual GI...
-
News
Latest Hong Kong REIT hits the road
REAL ESTATE - This week the roadshow for the latest Hong Kong REIT initial public offering hits Europe and the US. The Champion REIT from Great Eagle Holdings plans to offer a yield of between 4.85% and 5.5% in the planned $900m offering. Loca...
-
News
IPD unveils new UK quarterly index
REAL ESTATE – IPD, the global independent research company, has released its first quarterly index report for the UK property market. The new index reflects the performance of more than 7,000 properties valued at close to £100bn (€...
