All News articles – Page 1180
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News
IPE-QUEST: Dutch pension fund tenders real estate
NETHERLANDS – A Dutch industry-wide pension fund has tendered a c.€75m euro zone real estate mandate via IPE-Quest. The search (QN676) states: "The client is looking for a manager for an active (low risk) real estate mandate. The...
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Shetland Islands tenders for UK real estate
REAL ESTATE - The Scottish Shetland Islands local authority pension fund is to hire a real estate investment manager to invest £20m—40m (€29.7m—59.3m) in UK property. Gavin Mackintosh of Hymans Robertson, which is advising …
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Pension fund interest in Knight Frank’s Rutley
REAL ESTATE - Rutley Capital Partners, the private equity arm of estate agency Knight Frank, is to float its European investment fund on the London Stock Exchange this month to raise funds for its planned £600m (€890m) property portfolio....
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Mercer: patience a virtue in infrastructure
REAL ESTATE – Investment consulting firm Mercer is telling its pension fund clients that patience and due diligence are virtues when it comes to investing in infrastructure. "Our advice to investors is be patient," said senior as...
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NYSTRS takes action on $500m in real estate
REAL ESTATE - The New York State Teachers Retirement System has made decisions on $550m worth of real estate investments. This activity took place at the pension fund’s board meeting on October 26. The pension fund made two commitments to r...
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US academic fund in local retail venture
REAL ESTATE - US pension fund TIAA-CREF last week announced that it is to acquire community retail real estate in a complex $3bn joint venture. The venture, with Developers Diversified, will acquire 67 local retail sites across southeastern state...
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Invista backs UK commercial, residential
REAL ESTATE - Invista chief executive Duncan Owen said last week he saw "a couple of good years" left in the central London office market as he reported strong asset growth in Invista’s Insight Foundation Property Trust. In a tr...
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New board at Bouwfonds
NETHERLANDS – Rabobank is replacing the board members of the Bouwfonds property development, which it is about to acquire from ABN Amro for €845m. Rabo, which expects to complete the deal with ABN Amro on December 1, said that the fund...
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European growth boosts Lasalle revenues
REAL ESTATE - Jones Lang Lasalle last week reported operating income of $37.3m for Q3 2006 – a 40% increase over the same period of 2005. The firm also posted Q3 revenues of $462m, a 42% increase over Q3 2005. Europe, the Middle East and A...
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Principal buys central San Francisco office
REAL ESTATE - Principal Real Estate Investors has made its acquisition of 333 Market Street its first office building purchase in the central business district of San Francisco. The real estate manager had its Managing Director Mark Hanrahan work ...
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CBRE Investors hires China head
REAL ESTATE - CB Richard Ellis Investors last week progressed its Asian expansion with the long-awaited appointment of a managing director for its China operations. Hao Zhou, former president and managing partner of the Yangtze Special Situations...
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UK REITs final draft released
REAL ESTATE - The UK government has formally laid out the REITS legislation that will come into force at the beginning of 2007. The regulations, as presented last week to the UK parliament, laid out the conditions for "10% condition"...
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German government green lights REITs
REAL ESTATE – Germany’s federal cabinet has approved the legalisation of German real estate investment trusts (G-REITs) from January 1, though, as reported, the vehicles will not include residential property. The relevant draft law now...
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Smaller schemes chase ‘more liquid’ property
REAL ESTATE - Robin Goodchild, head of European investment at property firm LaSalle, this week urged large pension funds to invest directly in real estate and claimed smaller ones were re-thinking their lack of exposure.
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Allianz acquires Laing in push for PFI
REAL ESTATE - German pensions and insurance giant Allianz last week outbid Henderson Global Investors to acquire John Laing, the UK infrastructure firm, for £957.5m (€752.5m). Allianz hopes the acquisition – which is subject to r...
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Sacramento County makes new allocation
REAL ESTATE - The Sacramento County Employees Retirement System has awarded Cornerstone Real Estate Advisers a new $15m allocation for its separate account relationship. This action was taken at its board meeting on October 19. The pension fund m...
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CalSTRS sets up Texas apartments venture
REAL ESTATE - The California State Teachers Retirement System has created a joint venture with Trammell Crow Residential to develop the 452-unit Alexian at Fitzhugh apartment complex in Dallas. The total amount of capital in the venture is $63m....
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US pension funds bank on Europe, Asia
REAL ESTATE - Cash-rich US pension funds are driving a move by real estate funds into European markets. RREEF’s Real Estate Opportunities Funds Group has raised $1.6bn in the final closing of a fund designed to US institutional investors ex...
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Asian listed grouping looks to widen scope
REAL ESTATE - The Asian Public Real Estate Association (APREA) has made progress in its representations on local market practice in Singapore. It is now looking to develop its activities across the region, with the appointment of a new chief exec...
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Cordea seeks pension fund backing for land fund
REAL ESTATE - Cordea Savills is to raise £50m (€74.5m) from pension funds to invest in acquiring and parcelling land for residential development. Spokesman Steve Taylor said Cordea’s second opportunistic fund would target both pe...
