More Top Stories – Page 1085
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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....
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EU sets up real estate expert group
REAL ESTATE – The European Commission has decided to set up an expert group to advice it on open-ended real estate funds. "The group will advise the Commission on how to improve the European market for these funds and on whether EU-lev...
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Ohio School Employees puts $50m into Beacon’s office commingled
REAL ESTATE - The School Employees Retirement System of Ohio has approved a $50m (€37.5m) commitment into the Beacon Capital V.
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Aberdeen wins £7.7bn in five months
REAL ESTATE - Aberdeen Asset Management plc has won new business worth £7.7.bn (€11.3bn) in the five months to the end of the February. The bulk of commitments are to segregated securities mandates: £5.17bn in total, of which 45% w...
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INVESCO fund attracts $40m from San Diego City
REAL ESTATE - The San Diego City Employees’ Retirement System has approved a commitment of $40m (€30.1m) into the INVESCO Real Estate Fund II. Dawne Clark, assistance chief investment officer for the pension fund said: “We inve…
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Savills launches cross border valuation team
REAL ESTATE – Property services company Savills has launched a cross border European valuation team to be based at its London offices. William Newsom, head of valuation, told IPE that the new team, for which he recruited new directors Collie...
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Los Angeles Fire & Police boots real estate commitment
REAL ESTATE - The Los Angeles Fire & Police Pension System has committed capital to a real estate commingled fund and agreed in principle to establishing an annual allocation for real estate. The pension fund approved a $30m (€22.4m) com...
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Invista hires Easthaugh as finance director
REAL ESTATE - Real estate fund manager Invista has appointed former banker Guy Eastaugh as financial director as part of a plan to separate financial and operational functions. Current chief financial officer (CFO) Philip Gadsden will occupy the ...
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Warburg-Henderson spells out its €1.4bn plans for 2007
REAL ESTATE – Warburg-Henderson, a German provider of real estate funds for institutional investors, plans to allocate €1.4bn to acquire western European commercial properties this year. "Considering the record level of investmen...
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Barings: Buy anywhere in Asia – now
REAL ESTATE - "It doesn’t matter what you invest in or which market you invest in, just invest," Baring fund manager Chris Lees said of Asian real estate. In a global equity strategy published last week, Lees, who managers the ...
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New York State Teachers sets up US apartment JV
REAL ESTATE - New York State Teachers Retirement System(NYSTRS) has formulated a joint venture with the Bozzuto Group to develop apartment complexes. There is a total of $100m (€74.9m) of equity in the venture. The pension fund contributed ...
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Portuguese retail bonanza to run and run
REAL ESTATE - Portuguese property returned 12% in 2006 – above bonds (0.2%) but significantly below equities (29.9%), according to IPD data released last week. Retail delivered the strongest performance at 15.9%, driven largely by domestic ...
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CalPERS places $285m into Mexico and Brazil partnerships
REAL ESTATE - The California Public Employees Retirement System(CalPERS) has agreed to invest $285m (€213.5m) into real estate partnerships investing in Mexican and Brazilian real estate. Both of the partnerships will continue an on going re...
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Blue Sky’s Satumalaij to join Bouwfonds
REAL ESTATE - Blue Sky Group real estate fund manager Raymond Satumalaij is to join fund manager Bouwfonds in May. In this new role – both for Satumalaij and for Bouwfonds – Satumalaij will be responsible for structuring and managing ...
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Bundestag passes G-REITs bill
REAL ESTATE – Germany’s lower house of parliament, the Bundestag, has approved draft law legalising German real estate investments trusts (G-REITs) retroactively from 1 January.
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Corio undertakes massive Paris office revelopment
REAL ESTATE – Property investor and manager Corio will redevelop and enlarge its Paris’ office building Le Newton into a high quality complex of 42,000 m2, it has announced. The €120m project will lead to an almost fourfold incre...
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Noble raises $310m for new hotel fund
REAL ESTATE - Noble Investment Group has raised $310m (€233.1m) of equity for its hotel investment fund called Noble Hospitality Fund. This commingled fund will be the first time that the company has raised a discretionary investment fund f...
