More Top Stories – Page 1084
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Macquarie logistics spree targets UK
REAL ESTATE - Macquarie has acquired a UK logistics property developer, Rosemound, for £336m (€493m), 44% of it debt. The acquisition represents a UK development boost for the Australian investor, with 1,000 acres of land and 30 staff...
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Dutch SPF to put €75m into nursery sector
NETHERLANDS - SPF Beheer, the manager of the €11.8bn railway fund SPF fund and the €2.3bn Dutch public transport workers' pensions fund SPOV, says it will invest €75m in real estate in the nursery sector. "We want to invest ...
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Sainsbury ‘should sell property' - shareholder
REAL ESTATE - UK retailer Sainsbury’s should sell off its £7.5bn (€11bn) property portfolio to fix a flawed capital structure, according to Robert Tchenguiz, one of its nine major shareholders. Tchenguiz, whose investment vehicle...
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Texas Teachers to invest $925m in real estate
REAL ESTATE- Teacher Retirement System of Texas will be looking at $925m (€692.3m) worth of real estate investments at its April board meeting. These will be commitments with new and existing real estate managers. A new manager that it will...
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DTZ finance chief Maynard exits
REAL ESTATE - Real estate advisory firm DTZ has announced that it is seeking a replacement for finance director Tim Maynard, who is to leave the firm by the end of the year to explore unspecified "new opportunities". Maynard told IPE ...
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ING Clarion sets up $1bn office venture
ING Clarion sets up $1bn office venture REAL ESTATE- ING Clarion Partners and Trammell Crow Co. have created a joint venture to develop $1bn (€744m) worth of new office buildings across the US in the next five years. The debt to equity ra...
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Santa Barbara OKs new real estate policy
REAL ESTATE - Santa Barbara County Employees’ Retirement System has approved a new real estate investment policy. It happened at the fund’s board meeting on March 28. The pension fund was assisted in this investment activity by its c...
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Jones Lang LaSalle sees 10 listed German REITs
REAL ESTATE – Between five and 10 listed German property firms are to become tax-privileged German real estate investment trusts (G-REITs) in the coming months, says Jones Lang LaSalle, the US-based real estate broker. On March 30, Germany&#...
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West Sussex reviews real estate
REAL ESTATE – The £1.5bn (€2.2bn) West Sussex County Council Pension Fund is reviewing its property mandate with Cushman & Wakefield Investors due to contract expiry. "The council is reviewing the arrangements for the ...
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Germany’s DIC in €460m buy from SEB
REAL ESTATE – German real estate firm DIC Asset AG said it has invested €460m to acquire 26 commercial properties in Germany from SEB Asset Management. DIC said the €460m covered both the purchase price of the properties and cos...
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Dutch giants in €700m German real estate tie
REAL ESTATE – Dutch and Danish pension giants ABP and ATP have teamed up with German real estate firm Patrizia Immobilien to launch a joint venture that will invest up to €700m in German commercial real estate. Under the arrangement, A...
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Irish reserve fund’s real estate chief departs
REAL ESTATE - Ian Gleeson, head of property at Ireland’s €18.8bn National Pensions Reserve Fund, is to join Morley Fund Management. It was not immediately clear what the departure would mean for the NPRF’s target of allocating 8%...
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Pension closures boost UK REITs
REAL ESTATE - The closure of defined benefits pension schemes will boost the success of UK REITs to the levels of their US counterparts, according to an assessment by custodian Northern Trust. The report, published three months after REITs were in...
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Pennsylvania fund eyes office fund
REAL ESTATE- Pennsylvania Public School Employees’ Retirement System has issued a commitment to invest capital into the Broadway Partners Real Estate Fund III. This investment will be put into the pension fund’s value-added component...
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Florida fund buys AOL call centre
REAL ESTATE - The Jacksonville Police & Fire Pension Fund in Florida has doubled its real estate allocation with the $16.5m (€12.2m) acquisition of a former AOL call centre in the state. Pension fund executive director John Keane said th...
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European schemes targeted by Macquarie, LODH
REAL ESTATE - Macquarie Bank and Swiss private bank Lombard Odier Darier Hentsch (LODH) have launched a joint infrastructure investment vehicle aimed at Swiss and other European pension funds as well as high net worth investors. LODH head of inve...
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Ohio Police & Fire pick independent fiduciary
REAL ESTATE - Ohio Police & Fire Pension Fund has selected Robert A. Stanger & Co. as its real estate independent fiduciary to look at a portion of the pension fund’s real estate portfolio. Ohio Police & Fire made this decision ...
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Danish doctors boosted by real estate
REAL ESTATE - The Doctors' Pension Fund in Denmark - Lægernes Pensionskasse (LP) – has disclosed a huge 56.4% return on its real estate investments in 2006. Overall, though, it posted a pre-tax return on its investments of 12.9% for 200...
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Kansas PERS adds international real estate
REAL ESTATE – The Kansas Public Employees Retirement System has added to its real estate portfolio with commitments to international investing totaling $175m (€130.9m). The pension fund allocated a total of $140m into global REITs. Th...
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Pension Real Estate Association: Conference Report
REAL ESTATE – The Pension Real Estate Association’s Spring Conference, organized around the theme "Public Real Estate and Private Market Implications," brought together almost 700 professionals for two days of discussions....
