All News articles – Page 1168
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Kansas PERS adds international real estate
REAL ESTATE – The Kansas Public Employees Retirement System has added to its real estate portfolio with commitments to international investing totaling $175m (€130.9m). The pension fund allocated a total of $140m into global REITs. Th...
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Florida fund buys AOL call centre
REAL ESTATE - The Jacksonville Police & Fire Pension Fund in Florida has doubled its real estate allocation with the $16.5m (€12.2m) acquisition of a former AOL call centre in the state. Pension fund executive director John Keane said th...
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Pension closures boost UK REITs
REAL ESTATE - The closure of defined benefits pension schemes will boost the success of UK REITs to the levels of their US counterparts, according to an assessment by custodian Northern Trust. The report, published three months after REITs were in...
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Danish doctors boosted by real estate
REAL ESTATE - The Doctors' Pension Fund in Denmark - Lægernes Pensionskasse (LP) – has disclosed a huge 56.4% return on its real estate investments in 2006. Overall, though, it posted a pre-tax return on its investments of 12.9% for 200...
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Irish reserve fund’s real estate chief departs
REAL ESTATE - Ian Gleeson, head of property at Ireland’s €18.8bn National Pensions Reserve Fund, is to join Morley Fund Management. It was not immediately clear what the departure would mean for the NPRF’s target of allocating 8%...
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European schemes targeted by Macquarie, LODH
REAL ESTATE - Macquarie Bank and Swiss private bank Lombard Odier Darier Hentsch (LODH) have launched a joint infrastructure investment vehicle aimed at Swiss and other European pension funds as well as high net worth investors. LODH head of inve...
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Pennsylvania fund eyes office fund
REAL ESTATE- Pennsylvania Public School Employees’ Retirement System has issued a commitment to invest capital into the Broadway Partners Real Estate Fund III. This investment will be put into the pension fund’s value-added component...
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Ohio Police & Fire pick independent fiduciary
REAL ESTATE - Ohio Police & Fire Pension Fund has selected Robert A. Stanger & Co. as its real estate independent fiduciary to look at a portion of the pension fund’s real estate portfolio. Ohio Police & Fire made this decision ...
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Pension Real Estate Association: Conference Report
REAL ESTATE – The Pension Real Estate Association’s Spring Conference, organized around the theme "Public Real Estate and Private Market Implications," brought together almost 700 professionals for two days of discussions....
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EU sets up real estate expert group
REAL ESTATE – The European Commission has decided to set up an expert group to advice it on open-ended real estate funds. "The group will advise the Commission on how to improve the European market for these funds and on whether EU-lev...
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Ohio School Employees puts $50m into Beacon’s office commingled
REAL ESTATE - The School Employees Retirement System of Ohio has approved a $50m (€37.5m) commitment into the Beacon Capital V.
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Warburg-Henderson spells out its €1.4bn plans for 2007
REAL ESTATE – Warburg-Henderson, a German provider of real estate funds for institutional investors, plans to allocate €1.4bn to acquire western European commercial properties this year. "Considering the record level of investmen...
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CalPERS places $285m into Mexico and Brazil partnerships
REAL ESTATE - The California Public Employees Retirement System(CalPERS) has agreed to invest $285m (€213.5m) into real estate partnerships investing in Mexican and Brazilian real estate. Both of the partnerships will continue an on going re...
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INVESCO fund attracts $40m from San Diego City
REAL ESTATE - The San Diego City Employees’ Retirement System has approved a commitment of $40m (€30.1m) into the INVESCO Real Estate Fund II. Dawne Clark, assistance chief investment officer for the pension fund said: “We inve…
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Aberdeen wins £7.7bn in five months
REAL ESTATE - Aberdeen Asset Management plc has won new business worth £7.7.bn (€11.3bn) in the five months to the end of the February. The bulk of commitments are to segregated securities mandates: £5.17bn in total, of which 45% w...
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Los Angeles Fire & Police boots real estate commitment
REAL ESTATE - The Los Angeles Fire & Police Pension System has committed capital to a real estate commingled fund and agreed in principle to establishing an annual allocation for real estate. The pension fund approved a $30m (€22.4m) com...
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Barings: Buy anywhere in Asia – now
REAL ESTATE - "It doesn’t matter what you invest in or which market you invest in, just invest," Baring fund manager Chris Lees said of Asian real estate. In a global equity strategy published last week, Lees, who managers the ...
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New York State Teachers sets up US apartment JV
REAL ESTATE - New York State Teachers Retirement System(NYSTRS) has formulated a joint venture with the Bozzuto Group to develop apartment complexes. There is a total of $100m (€74.9m) of equity in the venture. The pension fund contributed ...
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Blue Sky’s Satumalaij to join Bouwfonds
REAL ESTATE - Blue Sky Group real estate fund manager Raymond Satumalaij is to join fund manager Bouwfonds in May. In this new role – both for Satumalaij and for Bouwfonds – Satumalaij will be responsible for structuring and managing ...
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Portuguese retail bonanza to run and run
REAL ESTATE - Portuguese property returned 12% in 2006 – above bonds (0.2%) but significantly below equities (29.9%), according to IPD data released last week. Retail delivered the strongest performance at 15.9%, driven largely by domestic ...
