More Top Stories – Page 1122
-
News
Scramble for Hong Kong REIT offerings
HONG KONG - A cartoon in Hong Kong’s South China Morning Post sums up the mood. While property agents are having a quiet time after the recent residential market boom, there is a buying frenzy on the stock market as investors scramble for share...
-
News
Dubai set for new real estate law
DUBAI - Dubai could have a new real estate law by the end of the year, according to a senior officer at government-owned developer Dubai Properties. Haiyan Mujarjech says the law, designed to encourage greater foreign investment in the emirate, h...
-
News
Dutch schemes in deal with Altera Vastgoed
NETHERLANDS – The Stork and PNO Media pension funds are to transfer their €90m Dutch real estate portfolio to, and become shareholders in, real estate group Altera Vastgoed. The funds will become shareholders in Altera and its four sec...
-
News
€242m Arlington sells to Macquarie Goodman
UK - The Australian Macquarie Goodman group is acquiring UK-based Arlington Securities in a deal to be completed on December 23. The transaction values the Arlington business at £163m (€242m). A spokesman claimed the companies were att...
-
News
NAEV wins IPE award for property investment
A medical pension fund from North Rhine Westphalia in Germany has won the themed award for property investments at the fifth annual IPE Awards in Berlin. Nordrheinische Aerzteversorgung (NAEV) triumphed amid a strong field of contenders for the a...
-
News
Pan-European PREFF now 65% invested
EUROPE – The Pan-European Real Estate Fund of Funds is now 65% invested and still open for UK institutions, says investment adviser OPC, Oxford Property Consultants. OPC said the euro-denominated PREFF is the first core/core-plus real estate...
-
News
Rockpoint closes $1.7bn fund
GLOBAL - Rockpoint Group says it has closed its third discretionary real estate fund with $1.7bn (€1.4bn) in commitments. The Rockpoint Real Estate Fund II’ investors include large US public and corporate pension funds and endowments, ...
-
News
Morgan Stanley in joint venture with Lane Co.
US - Morgan Stanley Real Estate and property outfit The Lane Company have come together to establish a joint venture to invest in residential property. Equity of $150 million has been put into the venture. The amount of leverage will be in the bal...
-
News
Ex-ATP team at Sparinvest in fund launch
DENMARK - Kresten Dahl Juelner and Mads Rude’s move from the real estate department of pension fund ATP to Sparinvest Property Investors is about to bear fruit for the boutique investment manager. The partners will soon announce the first cl...
-
News
London Merchant to demerge investment arm
UK – James Wilson, managing director at US private equity firm Boston Ventures, is to head the spun-off investment arm of developer London Merchant Securities. LMS said it plans to demerge its investment division – Investco – fro...
-
News
Schroders global property fund set to open
UK - Schroders’ Global Property Securities Fund will be opened to investors on December 9. As its name suggests, it will be seeking to reward investors by investing in listed property companies and real estate investment trusts (REITs) in Asia,...
-
News
Capri sells apartment portfolio
US - Capri Capital Advisors has put a US-based apartment portfolio up for sale comprised of more than 1,700 units. No price has been set as the seller is going to let the market dictate it. The portfolio currently lies in an apartment commingled ...
-
News
Invesco Real Estate hires JLL’s Kókai
GLOBAL – Invesco Real Estate has hired Jones Lang LaSalle Hotels vice president Ascan Kókai as its new assets and acquisitions manager for hotels and leisure. Invesco said Kókai, a German national, has 13 years experience in the ho...
-
News
Bouwfonds AM sets up car park fund
NETHERLANDS – ABN Amro’s Bouwfonds Asset Management has set up a €300m fund focusing on European car parks. The European Real Estate Parking Fund has been successfully place with Dutch and German international institutional inves...
-
News
AXA REIM investment chief Depoux joins SFL
GLOBAL – Philippe Depoux, global head of investments at AXA Real Estate Investment Managers, has joined rival firm Société Foncière Lyonnaise as deputy managing director and chief operating officer. Depoux, 44, will report dir...
-
News
Pramerica acquires old folks’ housing
US - Pramerica Real Estate Investors has set up a joint venture to acquire the Epoch Senior Living portfolio for $138m (€117.4m). Pramerica will hold an 80% stake in the portfolio with the balance being held by American Retirement Corporati...
-
News
Italian bank pension fund to sell real estate
ITALY – The Banca Commerciale Italiana pension fund is seeking expressions of interest for its almost 300,000-square metre real estate portfolio. The Fondo Pensioni per il Personale della Banca Commerciale Italiana is the scheme for the bank...
-
News
MN delivers real estate project for pension fund
NETHERLANDS – MN Services says it is set to deliver a major real estate development project in the Netherlands for the Pension Fund for Metalworking and Mechanical Engineering. The four-and-a-half-year project in the town of Berkel entailed ...
-
News
LA Fire & Police commits to urban real estate
US - The Los Angeles Fire & Police Pension System has decided to invest $30m in the CIM urban REIT. It has also decided to extend the contract of Lowe Enterprises as a separate account real estate manager. Both decisions were taken at the pension...
-
News
Global direct market ‘to reach $550bn’
GLOBAL – Global direct real estate investment will jump to an all-time high of $550bn (€468.9bn) this year if Jones Lang LaSalle’s latest study is proved correct. The property specialist recorded an 18% jump in global direct real es...
