All News articles – Page 1171
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News
Oregon PERF places first investment in opportunistic portfolio
REAL ESTATE - The Oregon Public Employees Retirement Fund(OPERF)has made its first investment in its opportunistic portfolio that was created in 2005. The initial investment in this asset area was a $100m (€76.3m) commitment to the Fidelity ...
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Norwegian fund reveals property investment regions
REAL ESTATE – The Norwegian finance ministry has issued a tender for a company to draft a report on tax issues relating to investments in real estate and infrastructure in 32 markets outside Norway. The report, which is required by mid-June,...
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LPFA scouts global property manager
REAL ESTATE - The £3.6bn (€5.3bn) London Pensions Fund Authority (LPFA) is looking for an external investment manager to expand its £150m real estate portfolio outside the UK. The portfolio, which up to now has been managed in-hou...
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Washington State adds $1.3bn to wide-ranging real estate
REAL ESTATE - Washington State Investment Board has approved new real estate commitments totaling as much as $1.3bn (€983.6m). The pension fund allocated up to $750m for an investment into GMS International, LLC, run by real estate manager...
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Habas acquires Zeeman’s family 12% stake in Nieuwe Steen
REAL ESTATE – A major shareholder of property investor Nieuwe Steen Investments has sold its 12% stake to Israel-based Habas Group, the company announced. NSI founder Jo Roelof Zeeman and family have sold their shares for €22.24 each, ...
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State of Wisconsin spreads $265m spread across US investments
REAL ESTATE – The State of Wisconsin Investment Board has made real estate investments totalling $265m (€200.5m) in three separate events. The most recent of these investments was a $75m commitment to the Cornerstone Apartment Ventures...
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Illinois Teachers to invest $300m in US and European real estate
REAL ESTATE – The Teachers’ Retirement System of the State of Illinois has taken action to invest $300m (€226.9m) into new real estate investments. Two of these investments involve committing capital to office buildings, one of …
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ABP, Keva in property private equity move
REAL ESTATE – Finnish local government pension fund Keva and ABP, Europe’s largest pension fund, were among eight initial investors in a pan-European real estate private equity fund launched last week by Spanish property group Neinver....
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Dutch Homburg acquires Alexis Nihon after beating off Cominar
REAL ESTATE - Dutch real estate company Homburg has acquired Canadian real estate fund Alexis Nihon after a long-drawn bidding battle with competitor Cominar. Homburg increased its bid for Alexis Nihon after a friendly take-over bid offer from ...
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Corio acquires provincial retail centre in Turkey
Real Estate - Property developer and manager Corio has signed an agreement for the acquisition of a €49m retail centre under development in Turkey, the firm announced. The complex – AdaCenter, in the provincial capital Adapazari ?...
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VastNed Group’s board still wants to merge funds
REAL ESTATE – Dutch property investor VastNed Group is still seeking its shareholders’ support for a merger of its investment funds Retail and Offices-Industrial, it said. "A combined fund is not only beneficiary to our listing, ...
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Infrastructure boss takes over at Canada’s OMERS
REAL ESTATE – The CA$48bn (€31bn) Ontario Municipal Employees Retirement Scheme (OMERS) has appointed Michael Nobrega, the current head of its infrastructure subsidiary, as its new CEO. Michael Rolland, currently senior vice president...
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ING Clarion in US medical office buildings joint venture
REAL ESTATE – The US-based ING Clarion Partners has setup an investment joint venture for the first time involving office buildings with Montecito Medical Investment Company. This venture represents another example of ING Clarion looking at ...
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Corestate in Zurich recruits Schulte Eistrup from Morgan Stanley
REAL ESTATE – Corestate Capital, a new Zurich-based real estate asset manager, has hired Christian Schulte Eistrup as managing director with responsibility for capital raising and investor relations. The appointment is with immediate effect....
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Orange County Employees to invest in REITs and timber
REAL ESTATE – Orange County Employees Retirement System has approved new capital for real estate searches to invest in global real estate securities and timber assets. It was advised by its consultant, Callan Associates. At a recent board m...
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Property derivatives set for major euro expansion
REAL ESTATE – Data published last week by IPD showed trading in UK commercial property derivatives totalled £3.57bn (€5.2bn) in 2006 – a 300% increase over the previous two years. Iain Reid, Protego Real Estate Investors CE...
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Wereldhave eyes expansion to east and west
REAL ESTATE – Property investor and manager Wereldhave is considering expansion into new markets, such as San Diego area on the US west coast and Turkey. "We will continue to renew our investments in conformity with our clients’ ...
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ING sells office and retail elements of Prague project
REAL ESTATE – ING Real Estate Development has sold the office and retail section of the A7 Arena Holesovice project in Prague. The €37m sale - 15,500m2 of gross lettable area and 200 parking spaces - was made to FHA Czech, a subsidiary...
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Invista posts positive post-HBOS flotation results
REAL ESTATE – UK property investment management firm Invista has posted £8.1m (€11.9m) profit before tax for four months’ trading since it demerged from HBOS in September. In a presentation to investors, Invista CEO Duncan ...
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CalPERS invests $155m in opportunity investments
REAL ESTATE – California Public Employees Retirement System has approved two opportunistic real estate investments totaling $155m (€118m). One of these investments was $80m that was placed into the Fortress Holiday transaction. This i...
