More Top Stories – Page 1102
-
News
Ohio PERS awards new allocation to manager
REAL ESTATE - Ohio Public Employees Retirement System has decided to grant Great Point Investors a new annual real estate allocation of $200m. The real estate manager figures that it will use leverage to the amount of 40% at the portfolio level....
-
News
CBRE names Tokyo head
REAL ESTATE - CB Richard Ellis has hired former Macquarie Properties Japan president Steve Bass to head its Tokyo office just weeks before it launches operations in China. Bass, a former CBRE executive, will handle the firm’s investments i...
-
News
Illinois State buys industrial portfolio
REAL ESTATE- The Illinois State Board of Investment has purchased a portfolio of industrial properties through separate account manager CB Richard Ellis Investors for $80.5m (€63.5m) from Bentley Forbes. The transaction involved the acquisit...
-
News
Belgian government plans €1.2bn REIT
REAL ESTATE - The Belgian government has chosen property firm Cofinimmo as partner in a €1.2bn Sicafi, to be listed last year. The REIT-like structure will comprise 79 buildings used by federal ministries and European organisations. The gov...
-
News
Hewitt’s Duff attacks real estate managers
REAL ESTATE - Most real estate fund managers aren’t fit for purpose, according to Nick Duff, real estate partner at Hewitt Associates. In an interview with IPE Real Estate, Duff said most lacked “the contacts, the systems or the teams...
-
News
LaSalle names new CEO
REAL ESTATE – LaSalle Investment Management, a member of the Jones Lang LaSalle Group, has appointed Jeff Jacobson as its new CEO.
-
News
EPRA conference report
REAL ESTATE - Red tape is hindering the development of the Hungarian real estate investment market – that’s one of the messages to emerge from the European Public Real Estate Association conference in Budapest.
-
News
CalSTRS to put 11% into real estate
REAL ESTATE – The California State Teachers' Retirement System is looking to real estate as it rejigs its investments and tries to plug a $20bn (€15.7bn) funding gap.
-
News
Savills rethink after public fund failure
REAL ESTATE - Savills is to launch a private German real estate fund after an abortive public fund launch earlier this year failed to generate sufficient funds. The new fund, aimed at European pension funds and retail investors, is expected to la...
-
News
DB Real Estate sells German properties
REAL ESTATE – DB Real Estate, the property fund arm of Deutsche Bank, has sold six properties worth €500m from its core German fund to Fortress, the US private equity investor. A spokesman for DB Real Estate said the properties were so...
-
News
Ohio Police & Fire commits to commingled fund
REAL ESTATE - The Ohio Police & Fire Pension Fund has made a $25m (€19.6m) commitment to the Westbrook Real Estate Fund VII. This was an investment that was approved by the pension fund’s staff and real estate consultant Townsend G...
-
News
Nottingham scheme gets Noble boost
REAL ESTATE - Noble Property Trust – the fund set up last year with an initial £20m (€29m) investment from Nottinghamshire County Council Pension Fund – has reported what it describes as “impressive early gains” in ...
-
News
Swiss foundation tenders real estate
REAL ESTATE – A Swiss investment foundation has tendered $100m+ (€78.7m) in global passively managed publicly traded real estate via IPE-Quest. The search (QN658) says: “The client is looking for a global mandate that will theref...
-
News
LA Water dips toe into real estate
REAL ESTATE – The $11.1bn (€8.6bn) Los Angeles Water and Power Employees’ Retirement Plan has approved its first two investments in real estate. These will be in two open-ended core commingled funds. It has made $50m commitments ...
-
News
Finnish pension funds cautious on REITs reform
REAL ESTATE - The Finnish Pension Alliance (TELA) has criticised government proposals on real estate investment for failing to remove tax obstacles that will discourage pension funds and other investors from investing in REIT-style structures. At...
-
News
San Bernardino County makes its move
REAL ESTATE – The San Bernardino County Employees Retirement Association took on several real estate items at its board meeting in early August. The most significant of the actions was to change the overall mix of its real estate portfolio...
-
News
Pramerica plans $1bn office development
REAL ESTATE- Pramerica Real Estate Investors and SJP Properties have setup a joint venture to develop the $1bn (€770m) 11 Times Square office project on Times Square in New York. Pramerica will be the main equity source for the development a...
-
News
Insight floats real estate under Ross Goobey
REAL ESTATE - Insight Investment plans to raise £100m (€148m) in new capital when it floats its real estate fund management business, Invista, on the junior AIM market this month. Former Hermes pensions chief executive Alistair Ross G...
-
News
American Realty raises $200m for new fund
REAL ESTATE- American Realty Advisors has attracted equity commitments totaling $200m (€155m) for its latest close-ended commingled fund, Building for America III. The real estate manager thinks that a factor in the investor interest was its...
-
News
CalPERS commits extra $300m
REAL ESTATE- The California Public Employees Retirement System has recently committed $300m (€233m) to three real estate investments. One of the investments was a $100m commitment to the PRECO III. This is a closed-ended commingled fund tha...
