All News articles – Page 1161
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Enpam offloads real estate
ITALY - Enpam, the Italian pension fund for doctors and dentists, has sold a 29-property portfolio for €305m. Pirelli Real Estate acquired the portfolio with holder Global Opportunities Fund II, a fund managed by Deutsche Bank subsidiary RRE...
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Rabobank scheme plots its real estate future
NETHERLANDS - The Stichting Pensioenfonds Rabobank has started to invest in plots of land, to create future building opportunities for its property investments. Details of the firm’s annual report reveal the €10bn scheme has acquired 2...
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US real estate investment to slow
UNITED STATES - Mercer Investment Consulting is expecting less pension fund money to enter the US real estate markets this year. According to Real Estate newsletter, the market has matured sufficiently to expect inflows of assets will now slow, sa...
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Germany is ING’s prime office market
GERMANY - ING Real Estate has allocated Germany as the most important market for its European Office Fund, fund manager Leo Weidenaar said. "Since its economy is recovering very fast, Germany offers big opportunities. After entering the Germ...
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Ambitious Italian fund targets 20% returns
ITALY - Managers of two funds launched last week claim they can harness scarce Italian real estate assets to generate well-above-average returns for pension fund investors. Cordea Savills’ Italian Opportunities Fund II will target returns o...
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CalPERS commits $200m to Asia
UNITED STATES - California Public Employees Retirement System is the latest pension fund to further invest in Asian real estate after approving a $200m (€149.2m) commitment to the Asia Real Estate Securities Opportunity Fund. Jane Delfendahl...
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Wall of money to stay firm for 2007 - DTZ
EUROPE - A report published by DTZ offers a largely optimistic prognosis for growth in European real estate markets – at least in 2007. The report, entitled Money into property, said a 25% increase in global investment transactions worth $6...
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Polish bourse challenges AIM for property firms
POLAND - Warsaw Stock Exchange intends to challenge London’s Alternative Investment Market (AIM) as the destination for property firm flotations. Its claim follows the announcement last week from XXI Investments, a Ukrainian property devel...
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China real estate AIMs for London listing
UK-CHINA - A former Watson Wyatt pensions adviser is a key member of a team seeking a London stock exchange listing for a Chinese real estate company. Stuart Leckie, former chairman of Watson Wyatt in Asia and founding chairman of the Hong Kong Re...
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AMB completes initial capital for European fund
UNITED STATES – European pension funds were key investors in the initial fund-raising period for AMB Europe Fund I commingled fund, according to AMB executives. John Roberts, president of AMB Capital Partners, said around 95% of the capital ...
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Institutional capital still flowing to Latin America - Pramerica
UNITED STATES - Latin America real estate is still seeing strong capital inflows and interest , according to a quarterly research report done by Pramerica Real Estate Investors. Much of that activity is happening in Mexico as the country is attrac...
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Los Angeles Fire & Police expands real estate view
UNITED STATES- Los Angeles Fire & Police Pension System is taking a look at three separate real estate buys through a mixture of fund selection and direct investment. The pension fund’s real estate consultant, The Townsend Group, will su...
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Developers Diversified reveals US investment offering
UNITED STATES - Developers Diversified Realty has unveiled a new retail investment fund called DDR Domestic Retail Fund I. A total of $539m (€401.7m) equity is invested in the commingled fund, of which around $430m or 80% of the equity came ...
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Reed Smith targets Europe with DLA finance hire
UK - Terry Green is leaving London law firm DLA Piper to head up a major push into Europe for rival real estate lawyers Reed Smith Richards Butler. Speaking to IPE Real Estate earlier today, Green confirmed he will be leaving DLA Piper’s rea...
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Pension funds reject Dutch road plan
NETHERLANDS - Dutch pension funds have dismissed proposals designed to encourage them to finance infrastructure projects. Three political parties – liberals, Christian Democrats and Liberal Democrats – last week jointly proposed the l...
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IVG to launch €2bn German REIT in 2008
GERMANY – IVG Immobilien, Germany’s biggest quoted real estate firm, has announced it will next year launch a German real estate investment trust (G-REIT) with around €2bn in commercial property assets. The German government lega...
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JER raises €800m for Europe
UNITED STATES – JER Partners has raised €809m for its called JER Europe Fund III - the largest European investment fund so far for the company. JER accumulated €128m in 1998 through its Europe Fund I and six years later raised a ...
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Vopak eyes growth as Aberdeen picks up mandate
NETHERLANDS - The €660m pension fund of tank terminal operator Vopak has awarded a €15m property investment mandate to Aberdeen Asset Management. Funds will be invested in European real estate through Aberdeen’s fund of funds, Ce...
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PenSam’s Weischer quits to give advice
DENMARK - Investment manager Michael Weischer has quit PenSam, the Danish public-sector pension scheme, to advise other pension funds on real estate indirect investment. The €6.3bn fund has yet to select a successor when Weischer leaves at t...
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Alaska to invest in infrastructure
UNITED STATES- The Alaska Permanent Fund Corporation making its first move towards investing in infrastructure and plans to initially invest up to $800m ($601.9m euros) in the concept as a separate asset class. The $40bn pension fund agreed at it...
