All News articles – Page 1146
-
News
Lombardy mall opens doors to German owner
ITALY - German property firm Union Investment has entered the Italian retail segment with the €74m acquisition of a recently completed shopping centre in Pavio, Lombardy.
-
News
IVG doubles returns
GERMANY – German listed real estate company IVG said preliminary result for 2007 are more doubling its return on the previous year at €290m, despite the continuing sub-prime lending crisis.
-
News
Principal buys into retail partnership
UNITED STATES - Principal Real Estate Investors has created a partnership with McCaffery Interests to invest in US retail properties.
-
News
Texas Teachers spends $600m on finance and overseas
UNITED STATES - Teacher Retirement System of Texas is looking at making new real estate commitments totaling $600m (€402.8m), the bulk of which will tap into the demand for institutional debt support.
-
News
Core gains momentum in State of Connecticut
UNITED STATES - State of Connecticut Trust Funds has added to its core real estate portfolio by making a $75m (€51.2m) commitment to the Cornerstone Patriot Fund.
-
News
Danish pensions eye local infrastructure
DENMARK – DANISH pension funds say they would welcome to chance to invest in infrastructure projects which could be opened by the government for public-private partnerships (PPPs), ahead of a report from the Infrastructure Commission.
-
News
ING gets keys to ABP property
NETHERLANDS – Dutch pension fund giant ABP has signed the biggest real estate deal The Netherlands to date, and is transferring the assets of its €1.6bn KFN non-listed real estate investment trust to ING Real Estate.
-
News
PMT sells Paris office
FRANCE - Dutch metalworkers’ union Pensioenfonds Metaal en Techniek (PMT) has sold its 30% share of Le Balzac, a Paris office block, to Corio, the property firm 36.6% owned by the €215bn ABP.
-
News
Aberdeen triples German property assets
GERMANY/UK – Aberdeen Property Investors Holdings has acquired German property investement group DEGI for a cash consideration of approximately €110m.
-
News
Pension fund vehicle acquires Nokia facility
FINLAND - An investment vehicle set up for three Nordic pension funds to invest in Finnish real estate has confirmed its move outside the capital with the acquisition of a mini-business park in Tampere.
-
News
Pirelli deal confirms off-market orthodoxy
ITALY - Off-market deals will be the default for institutional investors in Italy, according to Deutsche Bank subsidiary RREEF, after it leveraged a long-standing relationship with Pirelli to secure a prime Milan office block for €100m.
-
News
Indiana moves into real estate
UNITED STATES - Indiana Public Employees Retirement Fund has approved $300m (€205.7m) worth of real estate investments as it moves into the asset class for the first time.
-
News
Ohio PERS expands REIT investment program
UNITED STATES - Ohio Public Employees Retirement System has expanded the Reit investment program of its healthcare fund by 1% to 6%.
-
News
Pennsylvania Public School to invest $641.5m into real estate
UNITED STATES - Pennsylvania Public School Employees’ Retirement System intends to allocate up to $641.5m (€436.1m) in new real estate investments through a variety of commingled funds, in a bid to tap advantages thrown up by the credit crisis.
-
News
Iowa PERS will only buy post-sale
UNITED STATES - Iowa Public Employees Retirement System has decided the only way it will be investing in real estate in 2008 is through reinvesting the sales proceeds from properties sold over the next 12 months.
-
News
US pension funds putting capital in core strategy
UNITED STATES - Pension funds in the United States are still choosing to invest in core strategy real estate, despite evidence over recent months suggesting many funds are turning to wider diversification.
-
News
CalPERS ups real estate allocation by 2%
UNITED STATES - The California Public Employees’ Retirement System (CalPERS) has increased its allocation to real estate by 2%, to provide around $4bn (€2.88bn) of extra investment into the sector.
-
News
PGGM and PSP firm go for gas
CANADA/NETHERLANDS - Dutch pension fund PGGM and the Canadian Public Sector Pension Investment Board (PSP) are major shareholders in a recently-formed infrastructure vehicle which has acquired Natural Gas Pipeline Company of America (NGPL) for $6.5bn (€4.5bn).
-
News
Pension funds see potential in credit turmoil
GLOBAL - Funds that can benefit from the turmoil and dislocation rising from the credit crunch will attract institution capital in 2008, say industry experts.
-
News
Student firm offloads assets worth €307m
UK - Unite, the UK student accommodation firm 4.5% owned by Dutch civil service scheme ABP, last week sold £220.3m (€308m) of assets to the UK Student Accommodation Fund (USAF), in a move designed to fund its growth.
