All News articles – Page 1179
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Fountain founder Sonden joins SocGen
EUROPE - Erik Sonden, the former head of European real estate investment banking at Deutsche Bank who co-founded Fountain Capital partners in 2002, has joined Société Générale. Sonden told IPE Real Estate: "I joined S...
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Citigroup hires Findlay-Shirras
EUROPE - Citigroup Property Investors has hired Alasdair Findlay-Shirras from Henderson Global Investors as director of business development for Europe. "It is my pleasure to announce that Alasdair Findlay-Shirras has joined Citigroup Propert...
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CBRE trust to raise $2bn for US, overseas property
REAL ESTATE - CB Richard Ellis Realty Trust, a US subsidiary of CBRE Investors, is to offer shares worth $2bn in a bid to raise funds for investment across domestic and overseas property segments. CEO Jack Cuneo said the offering was aimed at por...
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LA County scheme takes action
REAL ESTATE - The Los Angeles County Employees Retirement Association had two real estate related investment items at its board meeting on November 8. One of these was to approve a manager investment plan for Tri-Pacific Residential Investors One,...
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Drever raises capital for new apartment fund
REAL ESTATE - Drever Partners will have a first closing at the end of November for its apartment investment fund, Concierge Apartment Fund. The company is expecting that it will have raised $100m of the $250m of equity it’s hoping to attract t...
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JP Morgan to buy Columbia Equity Trust
REAL ESTATE - JP Morgan Asset Management has signed a definitive agreement to acquire Columbia Equity Trust. The deal is set to completed sometime during the first quarter of 2007. Should this deal go through, it will represent the first time the...
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CalPERS names Eliopoulos as real estate head
REAL ESTATE - The California Public Employees Retirement Scheme (CalPERS) last week appointed Ted Eliopoulos senior investment officer for real estate. The appointment ends several months of interim in-house management after the previous incumben...
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Ohio PERS puts cash into international funds
REAL ESTATE- The Ohio Public Employees Retirement System is on its way with its investment plan for investing in international real estate. The pension fund has now made commitments to three international investment funds. These are $80m to Black...
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Real estate ripe for global investment - Schroders CIO
REAL ESTATE – The real estate market is "ripe" for a more global investment approach, says Schroders’ investment chief Alan Brown. "We have indeed seen a global property boom that has spread to many parts of the world...
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Cordares eyes international property pooling
REAL ESTATE - Pensions provider Cordares says it’s considering setting up direct real estate pooled funds with pension funds abroad as a way to diversify risks. At the moment, the €23bn pensions and asset manager, is discussing a coope...
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Exceptional demand seen for Russian real estate
REAL ESTATE - Demand for Russian commercial real estate is "exceptionally high", driven by eight years of strong macro growth and a meagre supply of modern buildings, according to a report from ResearchWorldwide. The report claimed ec...
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German real estate market ‘overregulated’
REAL ESTATE – The German real estate market is overregulated, the German Real Estate Forum in Frankfurt was told last week. "We need to remove from Germany the need to regulate and overregulate," said Sam Zell, chairman of the bo...
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Warburg Pincus raises $1.2bn for real estate fund
REAL ESTATE - Warburg Pincus has raised $1.2bn of equity for its first dedicated real estate investment fund - the commingled fund is Warburg Pincus Real Estate I, L.P. The global private equity firm attracted capital from some of the largest pens…
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Washington State to invest $250m with Fillmore
REAL ESTATE - The Washington State Investment Board has decided to invest $250m with Fillmore Capital Partners through its Fillmore Strategic Partners entity. This is the second time that the pension fund has invested in Fillmore Strategic Partner...
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Hesse sells €770m of real estate
REAL ESTATE – Austrian real estate firm CA Immo has confirmed that it is close to purchasing €770m worth of properties owned by the German state of Hesse. "We are in the final stages of the bidding process," CA Immo said on...
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Illinois Teachers sets international allocation
REAL ESTATE - The Teachers’ Retirement System of the State of Illinois has set a 4% allocation for investing in international real estate. This will give the pension fund $200m (€156m) of capital to invest in this sector. The pension ...
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Arlington nabs Altera Vastgoed’s Kapiteyn
REAL ESTATE - Arlington Securities has appointed Gert-Jan Kapiteyn as research director at its Amsterdam office. Kapiteyn was previously research manager for Altera Vastgoed, one of the Netherlands’ largest real estate funds. His appoint...
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USS backs new student housing fund
REAL ESTATE - The Universities Superannuation Scheme is among the institutional backers for a new £515m (€764m) student accommodation fund being launched by real estate firm Unite Group. Unite said the new UK Student Accommodation Fund ...
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CalSTRS looks into infrastructure investment
REAL ESTATE - The California State Teachers Retirement System is taking a look at making infrastructure part of its overall investment strategy, although no formal policy has been established yet. The fund had an educational session on this invest...
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CBRE launches US property derivatives market
REAL ESTATE - A year after they set up a market for real estate derivatives in the UK, CB Richard Ellis and derivatives broker GFI have done it again – this time in the US. GFI’s Phil Barker, who will staff the venture’s New Yor...
