More Top Stories – Page 1096
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German real estate market ‘overregulated’
REAL ESTATE – The German real estate market is overregulated, the German Real Estate Forum in Frankfurt was told last week. "We need to remove from Germany the need to regulate and overregulate," said Sam Zell, chairman of the bo...
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Cordares eyes international property pooling
REAL ESTATE - Pensions provider Cordares says it’s considering setting up direct real estate pooled funds with pension funds abroad as a way to diversify risks. At the moment, the €23bn pensions and asset manager, is discussing a coope...
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Real estate ripe for global investment - Schroders CIO
REAL ESTATE – The real estate market is "ripe" for a more global investment approach, says Schroders’ investment chief Alan Brown. "We have indeed seen a global property boom that has spread to many parts of the world...
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IPE-QUEST: Dutch pension fund tenders real estate
NETHERLANDS – A Dutch industry-wide pension fund has tendered a c.€75m euro zone real estate mandate via IPE-Quest. The search (QN676) states: "The client is looking for a manager for an active (low risk) real estate mandate. The...
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Pension fund interest in Knight Frank’s Rutley
REAL ESTATE - Rutley Capital Partners, the private equity arm of estate agency Knight Frank, is to float its European investment fund on the London Stock Exchange this month to raise funds for its planned £600m (€890m) property portfolio....
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Mercer: patience a virtue in infrastructure
REAL ESTATE – Investment consulting firm Mercer is telling its pension fund clients that patience and due diligence are virtues when it comes to investing in infrastructure. "Our advice to investors is be patient," said senior as...
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Illinois Teachers sets international allocation
REAL ESTATE - The Teachers’ Retirement System of the State of Illinois has set a 4% allocation for investing in international real estate. This will give the pension fund $200m (€156m) of capital to invest in this sector. The pension ...
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Shetland Islands tenders for UK real estate
REAL ESTATE - The Scottish Shetland Islands local authority pension fund is to hire a real estate investment manager to invest £20m—40m (€29.7m—59.3m) in UK property. Gavin Mackintosh of Hymans Robertson, which is advising …
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Washington State to invest $250m with Fillmore
REAL ESTATE - The Washington State Investment Board has decided to invest $250m with Fillmore Capital Partners through its Fillmore Strategic Partners entity. This is the second time that the pension fund has invested in Fillmore Strategic Partner...
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Arlington nabs Altera Vastgoed’s Kapiteyn
REAL ESTATE - Arlington Securities has appointed Gert-Jan Kapiteyn as research director at its Amsterdam office. Kapiteyn was previously research manager for Altera Vastgoed, one of the Netherlands’ largest real estate funds. His appoint...
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Hesse sells €770m of real estate
REAL ESTATE – Austrian real estate firm CA Immo has confirmed that it is close to purchasing €770m worth of properties owned by the German state of Hesse. "We are in the final stages of the bidding process," CA Immo said on...
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CBRE launches US property derivatives market
REAL ESTATE - A year after they set up a market for real estate derivatives in the UK, CB Richard Ellis and derivatives broker GFI have done it again – this time in the US. GFI’s Phil Barker, who will staff the venture’s New Yor...
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USS backs new student housing fund
REAL ESTATE - The Universities Superannuation Scheme is among the institutional backers for a new £515m (€764m) student accommodation fund being launched by real estate firm Unite Group. Unite said the new UK Student Accommodation Fund ...
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CalSTRS looks into infrastructure investment
REAL ESTATE - The California State Teachers Retirement System is taking a look at making infrastructure part of its overall investment strategy, although no formal policy has been established yet. The fund had an educational session on this invest...
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Warburg Pincus raises $1.2bn for real estate fund
REAL ESTATE - Warburg Pincus has raised $1.2bn of equity for its first dedicated real estate investment fund - the commingled fund is Warburg Pincus Real Estate I, L.P. The global private equity firm attracted capital from some of the largest pens…
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Principal buys central San Francisco office
REAL ESTATE - Principal Real Estate Investors has made its acquisition of 333 Market Street its first office building purchase in the central business district of San Francisco. The real estate manager had its Managing Director Mark Hanrahan work ...
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German government green lights REITs
REAL ESTATE – Germany’s federal cabinet has approved the legalisation of German real estate investment trusts (G-REITs) from January 1, though, as reported, the vehicles will not include residential property. The relevant draft law now...
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New board at Bouwfonds
NETHERLANDS – Rabobank is replacing the board members of the Bouwfonds property development, which it is about to acquire from ABN Amro for €845m. Rabo, which expects to complete the deal with ABN Amro on December 1, said that the fund...
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UK REITs final draft released
REAL ESTATE - The UK government has formally laid out the REITS legislation that will come into force at the beginning of 2007. The regulations, as presented last week to the UK parliament, laid out the conditions for "10% condition"...
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Invista backs UK commercial, residential
REAL ESTATE - Invista chief executive Duncan Owen said last week he saw "a couple of good years" left in the central London office market as he reported strong asset growth in Invista’s Insight Foundation Property Trust. In a tr...
