All News articles – Page 1158
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ABP discloses budget hotels move after prime acquisition
NETHERLANDS - Dutch pension fund ABP has expanded its base in European hospitality sector with the acquisition of three high-end Belgian hotels.
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Jamestown Group to go after institutional investors
UNITED STATES - The Jamestown Group is going after the institutional investor capital source for the first time as it teams up with Griffin Realty Advisors to form the Griffin Realty Fund.
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Canada pension plan in UK shopping spree
UK - A 50—50 joint venture involving the Canada Pension Plan Investment Board and fund manager Henderson Global Investors has acquired the UK’s Whitefriars Quarter shopping centre for £253m (€375m).
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Texas Teachers consider making money from casinos
UNITED STATES – The Teacher Retirement System of Texas is thinking of investing $550m (€398.1m) into real estate – a move which could include putting money into casinos.
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Orange County commits to timberland
UNITED STATES - Orange County Employees Retirement System has made a selection of two managers to invest $140m (€102.2m) in timberland assets.
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Investors go for Euro-niche as leverage lessons
EUROPE - Despite market saturation in the UK and declining yields elsewhere in Europe, “the wall of money” surrounding real estate is showing few signs of collapse, claimed a report published last week by UK property firm Knight Frank.
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Pension funds switch targets to gain returns
UNITED STATES – Pension funds are continuing to invest in real estate but may not follow their original allocation strategies in stable markets, suggest figures related to one US pension fund.
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Ohio State Teachers maintains real estate for 2008
UNITED STATES- State Teachers Retirement System of Ohio has approved a real estate investment plan for fiscal 2008 which should see the pension fund maintain its annual allocation and move into global Reits. Ohio State Teachers figures on being a ...
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IVG sees Parisian charm in €323m deals
GERMANY – IVG Immoblien, Germany’s largest quoted real estate firm, has completed €323m worth of transactions in Paris which included selling an office building on the city’s "Rive Gauche" for €165m and buyin...
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ABP discloses budget hotels move after prime acquisition
NETHERLANDS - Dutch pension fund ABP has expanded its base in European hospitality sector with the acquisition of three high-end Belgian hotels. The €211bn civil service scheme has not disclosed the value of the deal, which carries a €...
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News
Jamestown Group to go after institutional investors
UNITED STATES - The Jamestown Group is going after the institutional investor capital source for the first time as it teams up with Griffin Realty Advisors to form the Griffin Realty Fund. Jamestown had previously invested $3bn (€2.2bn) of e...
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News
Canada pension plan in UK shopping spree
UK - A 50—50 joint venture involving the Canada Pension Plan Investment Board and fund manager Henderson Global Investors has acquired the UK’s Whitefriars Quarter shopping centre for £253m (€375m).
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News
Texas Teachers consider making money from casinos
UNITED STATES – The Teacher Retirement System of Texas is thinking of investing $550m (€398.1m) into real estate – a move which could include putting money into casinos. Rob Kochis, a principal with real estate consultant The Tow...
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News
Orange County commits to timberland
UNITED STATES- Orange County Employees Retirement System has made a selection of two managers to invest $140m (€102.2m) in timberland assets. Hancock Timber Resource Group and RMK Timberland Group have been awarded mandates to manage $100m a...
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Investors ‘should ditch indirect for direct’
EUROPE - Investors including pension funds should focus on direct investment in European commercial real estate as a lower-risk alternative to volatile Reits, according to Seven Dials. The fund manager said high yields in mainland European markets...
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News
Investors go for Euro-niche as leverage lessons
EUROPE - Despite market saturation in the UK and declining yields elsewhere in Europe, "the wall of money" surrounding real estate is showing few signs of collapse, claimed a report published last week by UK property firm Knight Frank....
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News
Pension funds switch targets to gain returns
UNITED STATES – Pension funds are continuing to invest in real estate but may not follow their original allocation strategies in stable markets, suggest figures related to one US pension fund. New Jersey Division of Investment has now yielde...
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News
SBZ reduced property stake by one-third
NETHERLANDS – SBZ, the industry-wide pension fund for care insurers, said it has decreased its investments in property by 5% to 10% of its total portfolio and will focus its immediate attention on Dutch direct real estate.
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West Midlands awards ING £560m property mandate
UK - The £7.8bn (€11.6bn) West Midlands Metropolitan Pension Fund has awarded ING Real Estate a £560m advisory mandate to manage its UK direct property portfolio. The deal – one of UK’s largest pension fund property man...
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SLI sells off property after cutting funds’ value
UK - Standard Life Investments (SLI) last week sold off a six-property portfolio from its Property Income Trust for £41.5m (€61.8m) – just days after it announced would cut the value of five of its property funds by 6.7%. In an a...
