All Real Assets articles in May 2009 (Online)
View all stories from this issue.
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NewsAnd the winners of the IPE Real Estate Awards 2009 are…
EUROPE - Ärzteversorgung Westfalen-Lippe was crowned Best European Institutional Investor last night at a glittering event in Amsterdam to celebrate this year’s IPE Real Estate Awards 2009.
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NewsBP pension fund shops for real estate
UK - The £20.3bn (€23.1bn) pension fund for BP has bought an out-of-town retail park in the UK and an office building in London, and plans to invest a further £100-150m in its domestic real estate market before the end of the year.
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NewsProgress unwinds domestic property
NETHERLANDS - Progress, the Dutch pension fund of food giant Unilever, has begun to divest its directly-held domestic real estate portfolio through a sale of 30 residential assets in the city of Nijmegen to a private investor.
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NewsUK property sees resurgence of interest
UK – Henderson Global Investors is the latest in a succession of managers to launch or close funds in the last two weeks targeting UK real estate.
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NewsSanFran CC to spend in real estate
UNITED STATES - San Francisco City and County Employees’ Retirement System is planning to invest capital in public REITs and the non-core sector of its real estate portfolio over the next year.
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NewsSpeed of property decline accelerated - RICS
GLOBAL – The pace of decline in global property capital values accelerated in the first quarter of 2009, particularly in Europe where price falls hit both western and emerging economies, according to the Royal Institute of Chartered Surveyors (RICS).
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NewsMercer expands global real estate operations
UNITED STATES - Mercer Investment Consulting is expanding its real estate consulting operation to pension fund clients around the world.
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NewsUSS keeps shopping for UK real estate
UK - The £28bn (€31.7bn) Universities Superannuation Scheme has bought large retail and industrial assets in the UK and plans to make more acquisitions in the near future as it looks to rebuild its domestic portfolio.
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NewsWellcome Trust raises the bar on property
GLOBAL - The Wellcome Trust will exercise extreme caution before making any new investments in real estate because of the unattractiveness of property relative to other asset classes and concerns about alignment of interest, according to its CIO Peter Pereira-Gray.
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NewsGerman investors to increase local exposure
GERMANY - More than one-third of institutional investors active in the German real estate markets intend to increase their exposure to the region this year, according to German investment group Estavis.
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NewsF&C Reit sees opportunity in distress
GLOBAL - F&C REIT Asset Management has launched its first fund, an opportunistic institutional vehicle targeting distressed situations in the UK and with an internal rate of return (IRR) of more than 20%.
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NewsDo your ‘debt’ due diligence - Partners Group (amended)
GLOBAL - Debt is the new investment buzzword but a warning has been sounded about the critical importance of performing thorough due diligence on real estate debt products.
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NewsIllinois Municipal moves MS assets
UNITED STATES - Illinois Municipal Retirement Fund has become one of the first pension funds to transfer a separate account from Morgan Stanley Real Estate to another manager.
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NewsAEW widens its logistical holdings
EUROPE - AEW Europe has made a number of logistics investments across Europe for two of its closed-ended funds.
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NewsTexas Teachers to revisit core strategy
UNITED STATES - Teacher Retirement System of Texas is planning to invest approximately $500m (€368.2m) in core strategy real estate over the next 12 months.
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NewsCentral & Eastern Europe stayed positive - IPD
CEE - Total returns for central and eastern Europe (CEE) real estate dropped to 0.5% for 2008 from 14.2% for the previous 12 months, according to International Property Databank (IPD).
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NewsSlowing yield compression may hint at improving sentiment - JLL
EUROPE – The weighted average European price office yield moved out 20 basis points from 5.8% at the end of 2008 to 6%, a much smaller increase than the 50bps movement between Q3 and Q4 2008, according to Jones Lang LaSalle’s (JLL) Q1 2009 European Office Yields Report.
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NewsFinancial performance is linked to ESG - research
EUROPE - Most European real estate fund managers believe there is a relationship between environmental performance and financial returns, according to a survey by the UK’s Environment Agency Pension Fund and Aviva Investors.
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NewsRockwood Capital hits fundraising target
UNITED STATES - Rockwood Capital has closed the money raising on its Rockwood Capital Real Estate Partners Fund VIII just shy of its target, at $964m (€720.6m).
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NewsGellatly leaves BlackRock for new base
EUROPE – John Gellatly has left BlackRock as head of real estate fund of funds to join Aviva Investors’ global multi-manager team in Europe.
