More Top Stories – Page 1017
-
News
BMW pension redistributes its real estate
UK – The UK pension fund of car manufacturer BMW has sold a distribution centre in Europort, Wakefield to UK real estate company Patrick Properties.
-
News
Axa REIM edges towards China real estate fund
ASIA/EUROPE – AXA Real Estate Investment Managers (AXA REIM) has moved one step closer to creating a dedicated Chinese real estate fund.
-
News
Aviva to invest £1bn in UK rental housing
UK – Aviva Investors is intending to launch a real estate fund aimed at pension funds and institutional investors that will invest in UK residential assets.
-
News
Cross-border activity rises in Europe
EUROPE – Many of Europe’s cross-border investors returned to the real estate market in the second quarter, replacing domestic investors as the most dominant active group.
-
News
C&W sees German investor return to real estate
GERMANY – Real estate consultant Cushman & Wakefield (C&W) is convinced the slowdown in real estate investment among German institutional investors is over.
-
News
AIFM could bring less fund choice, claims law firm
EUROPE – A Paris-headquartered law firm has warned current proposals for the Alternative Investment Fund Managers (AIFM) Directive could lead to a lack of choice of funds in the future unless European officials can work with US and international counterparts to improve regulatory terms on alternative investments.
-
News
Mercer expands real estate operation
UNITED STATES- Mercer Investment Consulting is growing its real estate staff with the hiring of David Nix as a senior researcher.
-
News
Florida Board of Administration reassigns MS managed assets
UNITED STATES - Florida State Board of Administration has signed contracts to transfer 85% of the $2.7bn (€1.93bn) separate account assets previously managed by Morgan Stanley Real Estate to Heitman, L&B Realty Advisors and Invesco Real Estate.
-
News
South Yorks invests in UK retail development
UK – The South Yorkshire Pension Fund has agreed to fund a shopping centre redevelopment in Wales for £11.8m.
-
News
Sarasin launches new green listed fund
GLOBAL – Sarasin has launched what it claims to be the world’s first fund to specialise in investing in sustainable real estate companies.
-
News
CalPERS in $1bn retail joint venture
US – California Public Employees' Retirement System (CalPERS) has entered into a joint venture with First Washington Realty, which will purchase close to US$1bn (€700m) in retail real estate assets from Macquarie CountryWide Trust.
-
News
SBZ begins direct portfolio sell-off
NETHERLANDS - SBZ, the €2.2bn Dutch pension fund for care insurer employees, has made its first two disposals of direct property holdings as part of a transition to a wholly indirect real estate exposure.
-
News
Teeside begins UK acquisition programme
UK - The £2bn (€2.1bn) Teesside Pension Fund, administered by Middlesbrough Council, has purchased its first real estate asset through its recently-appointed property manager LV Asset Management (LVAM).
-
News
Schroders calls for fund structure standardisation
GLOBAL - Greater standardisation of the way funds are structured could deliver significant savings for investors, suggests William Hill, head of property at Schroders.
-
News
Etera reduces office exposure
FINLAND – The €4.9bn Etera Mutual Pension Insurance Company has sold business park Swing Life Science Center in Keilaniemi, Finland to fund manager CommerzReal for approximately €120m.
-
News
German investors return home for safety
GERMANY – Interest in domestic residential property funds is rising among German institutional investors, according to German real estate fund manager Patrizia Immobilien.
-
News
NPS partners Carlyle Group in Tokyo office purchase
ASIA - South Korea’s National Pension Service (NPS) has entered into a joint venture with private equity firm The Carlyle Group to purchase an office building in Tokyo.
-
News
Ohio School Employees steps up global REITS
UNITED STATES - School Employees Retirement System of Ohio is increasing its allocation to global REITs from 11% to 15% of its total real estate portfolio.
-
News
Ohio Police and Fire’s real estate keeps falling
UNITED STATES – The value of real estate portfolios for US pension funds is still declining as Ohio Police and Fire pension fund has revealed as its real estate assets dropped in value from $1.01bn (€713.9m euros) at the end of 2008 to $784m by the end of the first ...
-
News
Crisis shrinks CALSTRS real estate commitments
UNITED STATES – The California State Teachers Retirement System made a total commitment to real estate of just $41.1m (€29.3m) in the first quarter of 2009, compared with over $1bn in the same period last year.
