More Top Stories – Page 1099
-
News
European real estate out of "dark ages"
REAL ESTATE – Risk management in the real estate sector is finally catching up with other asset classes, says ING Real Estate. "At last, property is coming out of the dark ages. We start to see adequate risk controls in place," s...
-
News
Ohio scheme to invest in core commingled
Ohio Police & Fire to invest in core commingled fund REAL ESTATE - The Ohio Police & Fire Pension Fund has issued a $100m (€79.4m) commitment to the Heitman Core Property Fund. The pension fund took this action at its board meetin...
-
News
Dutch funds shift to indirect real estate
REAL ESTATE - Dutch pension funds are increasingly shifting their investments from direct to indirect real estate, research bureau PropertyNL said. In 2005, their indirect real estate portfolios have increased by almost 30% to €39.5bn, becau...
-
News
Metro Pensioenfonds joins Altera Vastgoed
REAL ESTATE - Stichting Metro Pensioenfonds has joined Altera Vastgoed as shareholder, the real estate fund has announced. With a participation of €10m in the sectors retail and offices, Metro Pensioenfonds has become its 22nd shareholder, ...
-
News
Pramerica in $500m retail joint venture
REAL ESTATE Pramerica Real Estate Investors has formed a $500m (€400m) joint venture with Kite Realty Group to invest in retail properties. The capital will be placed over a four-year period. Around 80% or $400m would be supplied by Prame...
-
News
Corio CFO Kuik leaves over policy
REAL ESTATE - John Kuik has resigned as chief financial officer at Corio, the property investment company. According to Corio, the sudden departure was the result of ‘differences in opinion on policy matters’. Corio will search for...
-
News
N. Dakota OK's infrastructure fund
REAL ESTATE- The North Dakota State Investment Board has awarded a $100m (€79.4m) commitment to the JP Morgan Infrastructure Investment Fund. The pension fund was looking to place some capital into a commingled fund that focused on infrastru...
-
News
Jones Lang LaSalle argues case for commercial
REAL ESTATE - Alistair Hughes, chief executive officer for Europe at real estate specialist Jones Lang LaSalle, argues that commercial property is an important mid-term investment for institutional investors. Speaking at the FT commercial property...
-
News
Greenspan a highlight at AFIRE meet
REAL ESTATE – Former Federal Reserve chairman Alan Greenspan thoughts on the economy were one of the highlights at the annual conference of the Association of Foreign investors in Real Estate held in Boston last week.
-
News
Finnish fund targets European schemes
REAL ESTATE - Finnish private equity firm CapMan Oyj last week announced the first closing of a property development vehicle aimed at international pension funds. Seven unidentified funds committed €67m to the CapMan Real Estate II Ky fund,...
-
News
UK agency offers 50% of portfolio
REAL ESTATE - Advantage West Midlands (AWM), one of the UK’s regional regeneration agencies, is offering a 50% stake in its real estate portfolio in return for funds to develop 47,000 sq metres of real estate. The Birmingham-based agency la...
-
News
New Jersey commits $300m to Prudential fund
REAL ESTATE - The New Jersey Division of Investment has approved an investment of up to $300m (€235m) into the Prudential Property Investment Separate Account (PRISA). The fund took this action at its board meeting on September 21, assisted ...
-
News
Nieuwe Steen divests residential portfolio
NETHERLANDS – Dutch real estate fund Nieuwe Steen Investments (NSI) will sell its entire residential housing portfolio worth €134m.
-
News
Orange County commits $60m
REAL ESTATE - The Orange County Employees Retirement System has approved commitments of $60m into two real estate commingled funds. The pension fund chose to allocate $30m each to AEW Value Investors II, L.P. and Fidelity Real Estate Growth Fund I...
-
News
CalPERS’ green fund makes first investment
REAL ESTATE - The California Public Employees Retirement System (CalPERS) has acquired a controlling interest in the first investment of its sustainable real estate fund. The Green Development fund, a joint venture with real estate firm Hines, fo...
-
News
Mars pension fund sells town centre portfolio
REAL ESTATE - The Mars pension fund has sold a hefty retail portfolio in England’s northeast to Halladale for £15.25m (€22.5m). The portfolio comprises much of a town centre in Cleveland, Teesside. Halladale, which is backed...
-
News
Row erupts over Belgian REIT plan
REAL ESTATE – A row has erupted over the Belgian state’s plans for a €1.2bn real estate investment trust. AXA last week filed suit against the state over the government’s recent selection of Cofinimmo as partner in a sicaf...
-
News
Alaska Permanent approves new strategy
REAL ESTATE - The Alaska Permanent Fund Corp. has approved a new real estate strategy to invest less in public real estate and allow a value-added component. The pension fund made these changes as part of real estate resolution 06-07 at its board ...
-
News
CalPERS to invest $100m into commingled fund
REAL ESTATE - The California Public Employees Retirement System has approved a $100m commitment into the Page Mill Properties II commingled fund. The pension fund made this commitment as part of its opportunistic real estate investment strategy. ...
-
News
Canada’s La Caisse takes Brazil real estate stake
REAL ESTATE - A real estate subsidiary of Caisse de dépôt et placement du Québec, Canada’s largest pension fund, has acquired an undisclosed stake in Brazilian retail management firm Ancar. La Caisse’s Ivanhoe Cambridge...
