All News articles – Page 1182
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Germany’s VBL plans Asian property move
REAL ESTATE – VBL, a €12bn pension fund insuring four million German public sector employees, is planning an initial investment in Asia’s property market by the end of 2006. "We currently have 5% of our assets allocated to ...
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RREEF nabs Coca-Cola UK real estate brief
REAL ESTATE - RREEF will run the real estate element of the Coca-Cola Enterprises Pension Scheme. A total of 10% of the scheme’s assets will be invested through the RREE UK Multi-Manager Service. The contract is understood to be in the regi...
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CBRE Investors names Tokyo MD
REAL ESTATE - CB Richard Ellis Investors has named Steven Bass, formerly CEO of Macquarie Properties Japan and previously Director of Acquisitions at CB Richard Ellis Investors Japan, has re-joined the firm as managing director based in Tokyo. I...
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Corio names Jan Haars as new CFO
REAL ESTATE - Jan Haars has been appointed as chief financial officer at Corio, the property investment company has announced. The new CFO will take over from John Kuik, who suddenly left Corio earlier this month, as a result of ‘differenc...
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Texas Teachers to look at three commingled funds
REAL ESTATE - The Teacher Retirement System of Texas will be looking at three commingled funds for possible investment decisions at its board meeting on November 9 and 10. The three commingled funds to be considered are MacFarlane Urban Real Estat...
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Nedlloyd scheme transfers real estate portfolio
REAL ESTATE - Delta Lloyd Vastgoed will take over the direct real estate portfolio of the Nedlloyd Pension Fund, both parties have announced. The transaction involves about 35 blocks of offices, retail centres and housing in the Netherlands, of wh...
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Fortress to float German portfolio
REAL ESTATE – US private equity firm Fortress will on Thursday float part of its German property portfolio, consolidated under the firm Gagfah, on Frankfurt’s stock exchange. Fortress said that on Thursday, it would offer 45 million sh...
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Infrastructure ‘unsuitable and overpriced’
REAL ESTATE - "There is a shortage of ‘boring stable’ infrastructure investment product which is much in demand by institutional investors," according to Jane Welsh, senior consultant at Watson Wyatt. Speaking at the Inves...
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Oregon PERF commits $450m
REAL ESTATE- The Oregon Public Employees Retirement Fund has approved new commingled fund investments totaling $450m (€357m). The pension fund took these actions at its board meeting on September 27. It’s made commitments to five dif...
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Pramerica in $500m retail joint venture
REAL ESTATE Pramerica Real Estate Investors has formed a $500m (€400m) joint venture with Kite Realty Group to invest in retail properties. The capital will be placed over a four-year period. Around 80% or $400m would be supplied by Prame...
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European real estate out of "dark ages"
REAL ESTATE – Risk management in the real estate sector is finally catching up with other asset classes, says ING Real Estate. "At last, property is coming out of the dark ages. We start to see adequate risk controls in place," s...
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Metro Pensioenfonds joins Altera Vastgoed
REAL ESTATE - Stichting Metro Pensioenfonds has joined Altera Vastgoed as shareholder, the real estate fund has announced. With a participation of €10m in the sectors retail and offices, Metro Pensioenfonds has become its 22nd shareholder, ...
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Jones Lang LaSalle argues case for commercial
REAL ESTATE - Alistair Hughes, chief executive officer for Europe at real estate specialist Jones Lang LaSalle, argues that commercial property is an important mid-term investment for institutional investors. Speaking at the FT commercial property...
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Corio CFO Kuik leaves over policy
REAL ESTATE - John Kuik has resigned as chief financial officer at Corio, the property investment company. According to Corio, the sudden departure was the result of ‘differences in opinion on policy matters’. Corio will search for...
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Ohio scheme to invest in core commingled
Ohio Police & Fire to invest in core commingled fund REAL ESTATE - The Ohio Police & Fire Pension Fund has issued a $100m (€79.4m) commitment to the Heitman Core Property Fund. The pension fund took this action at its board meetin...
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N. Dakota OK's infrastructure fund
REAL ESTATE- The North Dakota State Investment Board has awarded a $100m (€79.4m) commitment to the JP Morgan Infrastructure Investment Fund. The pension fund was looking to place some capital into a commingled fund that focused on infrastru...
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Dutch funds shift to indirect real estate
REAL ESTATE - Dutch pension funds are increasingly shifting their investments from direct to indirect real estate, research bureau PropertyNL said. In 2005, their indirect real estate portfolios have increased by almost 30% to €39.5bn, becau...
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Greenspan a highlight at AFIRE meet
REAL ESTATE – Former Federal Reserve chairman Alan Greenspan thoughts on the economy were one of the highlights at the annual conference of the Association of Foreign investors in Real Estate held in Boston last week.
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New Jersey commits $300m to Prudential fund
REAL ESTATE - The New Jersey Division of Investment has approved an investment of up to $300m (€235m) into the Prudential Property Investment Separate Account (PRISA). The fund took this action at its board meeting on September 21, assisted ...
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UK agency offers 50% of portfolio
REAL ESTATE - Advantage West Midlands (AWM), one of the UK’s regional regeneration agencies, is offering a 50% stake in its real estate portfolio in return for funds to develop 47,000 sq metres of real estate. The Birmingham-based agency la...
