More Top Stories – Page 1110
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Germany plans huge real estate sell-off
REAL ESTATE – The German government plans to sell €500m worth of its own real estate annually as part of a rationalisation programme, the head of the federal agency in charge of the properties says. The government’s properties in...
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Swedish buffer fund considers real estate
REAL ESTATE – The roughly SEK187.3bn (€20.2bn) buffer fund Första AP-Fonden, or AP1, may consider real estate as it continues its push into alternative asset classes. “It could be hedge funds or real estate,” said a sp...
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Canadian schemes in UK infrastructure face-off
REAL ESTATE - Two Canadian pension funds are slugging it out in a bidding war for Associated British (AB) Ports. A Macquarie-led consortium including Canada Pension Plan (CPP) Investment Board on Thursday urged AB Ports shareholders not to a resp...
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Finland’s Varma offloads €74m of retail
REAL ESTATE – Varma Mutual Pension Insurance Co., Finland’s largest private insurance company, has agreed to sell 116 retail properties to a real estate fund. Sveafastigheter Fund II said it has signed an agreement to acquire the prope...
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SocGen real estate chief exits in revamp
REAL ESTATE – Quoc-Gian Tran, global head of real estate at Societe Generale Asset Management’s alternatives arm, is leaving to be replaced by Jean-Christophe Ginet. Tran plans a “new departure to his career” a statement sa...
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Stouthamer boosts European team
REAL ESTATE - Composition Capital – the investment management firm set up by former MN Services real estate chief Erwin Stouthamer last year – is close to hiring an investment manager for its Composition Capital Europe fund. The Dutc...
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IPD names Callender’s replacement
REAL ESTATE - Real estate data firm IPD has named Malcolm Frodsham to take the director of research role vacated by Mark Callender last year. Callender – research chief since 2001 – joined Schroders as head of international property re...
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PensionDanmark starts real estate project
DENMARK – PensionDanmark has begun building apartments in Måløv, near Copenhagen, that will be ready for occupation at the end of 2007. By 2008 PensionDanmark, an industry-wide pension fund, will invest DKK800m in building four dif...
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Rubenstein raises €378m for new office fund
REAL ESTATE - Rubenstein Partners has attracted a total equity raise of $475 million (€378m) for its commingled fund, Rubenstein Properties Fund, L.P. The investors in the fund were a mixture of corporate pension funds, educational endowment...
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ING REIM opens Nordic office
REAL ESTATE - ING Real Estate Investment Management has appointed as Peter Helfrich head of its soon-to-open Swedish office. Helfrich was previously senior asset manager of the ING Dutch Retail Fund. The new office, scheduled to open at the beginn…
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Henderson in US deal with pension fund
REAL ESTATE - A US pension fund is to acquire $100m of retail real estate in the Midwest and Western US through a layered procurement deal with Henderson Global Investors. Under the Chicago-based firm’s Manager of Partners account agreement...
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New editor named at IPE Real Estate
GLOBAL – Martin Hurst, features writer at IPE Magazine, is to take over as editor at sister publication IPE Real Estate. Hurst has been with IPE since 2004 and last year won the Best Fund Management Trade Journalist award at State Street Glo...
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Tyneside pension fund tenders valuation
REAL ESTATE – The Tyne & Wear pension fund has tendered valuation services for its €450m commercial property portfolio. The portfolio, currently managed by Arlington Property Investors, comprises 33 properties located across the U...
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Henderson appoints Austrian real estate chief
REAL ESTATE - Henderson Global Investors has appointed Richard Weberberger to head its Austrian real estate team. Weberberger joins from Multi-ImmoEast Asset Management, where, as managing director, he launched an institutional Central and Eastern...
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Singapore to invest in student housing
REAL ESTATE - GIC Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation, has formed a joint venture with Campus Apartments to invest in the student housing industry. There is a total of $333m of equity i...
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Amonis cuts real estate for hedge funds
REAL ESTATE - The €1bn Amonis pension scheme for dentists, doctors and pharmacists has reduced its exposure real estate – and equities - and ploughed roughly €34.2m into a fund of hedge funds portfolio managed by Key Asset Managemen...
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Ex-CalPERS’ McCook joins new firm
REAL ESTATE - Mike McCook, the former senior investment officer for real estate at the California Public Employees Retirement System, has found new employment. He is now co-owner of a company in San Francisco called Kenwood Investments. The other ...
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Real estate helps drive Stork’s returns
NETHERLANDS - With returns of 29.1% real estate provided a key driver to the returns of 14.7% of Pension Fund Stork, it said in its annual report. Equity returned 29.3% while fixed income yielded 9%. The returns on complementary investments were 1...
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Wisconsin to invest in non-core assets
REAL ESTATE - The $70.4bn (€54.4bn) Wisconsin State Investment Board is to look at placing some capital into the marketplace this year with a non-core investment strategy. These will be done in a mixture of strategies on both the commingle...
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Pirelli Real Estate’s Spazio to list in London
REAL ESTATE – Pirelli & C. Real Estate SpA’s Spazio Industriale Investments I BV is to list on London’s Alternative Investment Market in a listing aimed solely at institutional investors. “The Italian industrial real es...
