All News articles – Page 1165
-
News
PPSERS to invest $600m
UNITED STATES - Pennsylvania Public School Employees Retirement System has approved commitments of up to $600m ($440.6m euros) into two commingled funds. One of the commitments involved investing capital into the Beacon Capital Strategic Partners ...
-
News
AEW beats its commingled target
UNITED STATES - AEW Capital Management has raised $651m (€480.5m) for its latest commingled fund, AEW Value Investors II - significantly more than its original target of raise $500m. Around 40% of the investors in Value Investors II were rep...
-
News
DRA to buy public office REIT building asset
UNITED STATES - DRA Advisors has signed an agreement to acquire a majority interest in the office building assets held by Colonial Properties Trust. The deal is projected to close sometime during the second quarter but should see DRA purchase the ...
-
News
Finnish market ‘remains attractive’ as retail hits the block
FINLAND - The Finnish real estate market remains a good investment opportunity, according to investment management firm Doughty Hanson which has just sold three shopping centres in Helsinki and Oulu. The assets, now sold to ING Real Estate for &#...
-
News
UBS buys into Ontario teachers’ power
CANADA - UBS’s infrastructure subsidiary has acquired 50% of an electricity firm co-owned by the €70.4bn Ontario Teachers’ Pension Plan (OTTP) for an undisclosed figure. The acquisition of Northern Star Generation from AIG Highs...
-
News
Pramerica funds new development company
UNITED STATES - Pramerica Real Estate Investors has invested capital in a venture designed to jumpstart a new retail development company. Through a division called Interra Development Partners, Pramerica contributed 95% or $47.5m (€69.4m) of...
-
News
DEGI sells on Eurotower
GERMANY - DEGI, a German provider of open-ended real estate funds, said one of its funds had sold near €3bn worth of properties in Germany, including Eurotower, the current seat of the European Central Bank (ECB) in Frankfurt. DEGI said the ...
-
News
Zlote Tarasy keeps Rodamco’s profits down
Despite the complex’ opening in February, property investor Rodamco has not yet been able to benefit from its agreed interest in the retail part of Zlote Tarasy Centre in Warsaw. The firm is still discussing the "formalities of the fut...
-
News
Quebec fund sells high but has lower expectations
CANADA - A New York-based property firm, which is part-owned by Caisse de depot et placement du Quebec, has sold a prime Orlando office block to Eola Capital for a reported CA$90.6m (€60.3m) – a record price for the city. Seller Praed...
-
News
Hedging strategies timed for uncertainty
GLOBAL - Pension funds are exploring risk-hedging property derivatives but hesitate when it comes to allocating to them, according to the manager of an alternative real estate fund launched in recent weeks. The relative-value Iceberg Alternative ...
-
News
Retail is most profitable – Wereldhave
GLOBAL - With a net rental income of 16.3% and 15.7% respectively, retail and offices were the most profitable real estate asset classes, according to property investor Wereldhave. Industrial and residential buildings returned 4.1% and 0.6% respec...
-
News
Strathclyde seeks property valuer
UK – The £9.6bn (€14.1bn) The Strathclyde pension fund for Glasgow County Council is looking for a new independent property portfolio valuer. As its five-year contract with the current service provider Collier is coming to an end...
-
News
Supply constraints drive Italy expansion
ITALY - Property adviser Savills is expanding its Rome office in a bid to capitalise on continuing strong investor interest in the Italian market.
-
News
Texas Teachers move 10% into real estate
US - Teacher Retirement System of Texas is planning to allocate 10% of its portfolio assets in real estate. Speaking about the move, Rob Kochis, principal with The Townsend Group which acts the Texas Teachers real estate consultant, said: "T...
-
News
NYSTRS adds $150m to commingled funds
US - New York State Teachers Retirement System has approved commitments to two new commingled funds totaling no less than $150m (€110.3m). One of these commitments is for the ING Clarion Debt Opportunity Fund II and will see the pension fund...
-
News
UK niche retail REIT raises €234m
UK - The Local Shopping REIT, the UK’s first specialist retail REIT, last week announced it had raised £160m (€234m) from its 87% flotation on London’s main bourse. Although it is too early to gauge the main sources of inve...
-
News
Buchanan commingled raises $414m
US - Buchanan Street Partners has completed its equity raise for its latest commingled fund and attracted total commitments of $414m ($304.9m euros) to the Buchanan Fund V. Buchanan had originally intended to raise somewhere in the neighborhood of...
-
News
Los Angeles County adds co-investment option
US - Los Angeles County Employees Retirement Association has added a co-investment option to its real estate investment strategy. This will be the first time the pension fund has had a co-investment option, having taken this action at its board m...
-
News
Arizona State tweaks real estate program
US - Arizona State Retirement System has adjusted its portfolio and the amount its real estate program invests in core, non-core and public REITs because of increasing prices of core properties. The maximum amount of the pension fund’s real ...
-
News
Austrian Immoeast lists in Warsaw
AUSTRIA-POLAND – The Austrian real estate company Immoeast plans to list on the Warsaw stock exchange in a bid to attract more capital from investors including pension funds. As part of a major capital raising of €3bn, the company wil...
