All News articles – Page 1185
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LA Water dips toe into real estate
REAL ESTATE – The $11.1bn (€8.6bn) Los Angeles Water and Power Employees’ Retirement Plan has approved its first two investments in real estate. These will be in two open-ended core commingled funds. It has made $50m commitments ...
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Swiss foundation tenders real estate
REAL ESTATE – A Swiss investment foundation has tendered $100m+ (€78.7m) in global passively managed publicly traded real estate via IPE-Quest. The search (QN658) says: “The client is looking for a global mandate that will theref...
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Pramerica plans $1bn office development
REAL ESTATE- Pramerica Real Estate Investors and SJP Properties have setup a joint venture to develop the $1bn (€770m) 11 Times Square office project on Times Square in New York. Pramerica will be the main equity source for the development a...
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American Realty raises $200m for new fund
REAL ESTATE- American Realty Advisors has attracted equity commitments totaling $200m (€155m) for its latest close-ended commingled fund, Building for America III. The real estate manager thinks that a factor in the investor interest was its...
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AP3 hindered by lack of real estate advisor
REAL ESTATE - Six months after it first announced it was to re-allocate half its real estate into global markets, Swedish buffer fund AP3 is reporting falling returns for the asset class because it has yet to appoint an adviser to manage the shift. ...
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CalPERS commits extra $300m
REAL ESTATE- The California Public Employees Retirement System has recently committed $300m (€233m) to three real estate investments. One of the investments was a $100m commitment to the PRECO III. This is a closed-ended commingled fund tha...
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AIM faces competition for property listings
REAL ESTATE - Two IPOs announced last week suggest that AIM, the London Stock Exchange’s junior bourse, is losing its near-exclusive power to attract global real estate companies. Kenmore European Industrial Fund announced that it is to lis...
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San Bernardino County makes its move
REAL ESTATE – The San Bernardino County Employees Retirement Association took on several real estate items at its board meeting in early August. The most significant of the actions was to change the overall mix of its real estate portfolio...
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Ex-Hewitt consultant takes real estate role
REAL ESTATE - Dick van den Oever, a former senior consultant at consulting firm Hewitt Associates in Amsterdam, has taken on a role at Dutch real estate firm Berckheijde. He’s taken over the operational management and a part of the shares of...
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Insight floats real estate under Ross Goobey
REAL ESTATE - Insight Investment plans to raise £100m (€148m) in new capital when it floats its real estate fund management business, Invista, on the junior AIM market this month. Former Hermes pensions chief executive Alistair Ross G...
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Pennsylvania to invest in structured finance
REAL ESTATE – The $30bn (€23.3bn) Pennsylvania State Employees Retirement System will be looking at investing capital into three structured finance commingled funds at in next board meeting on September 13. One of the commitments will ...
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Dutch institutional real estate reaches €29bn
REAL ESTATE - Dutch institutions’ investment in the real estate sector have surged to €29bn, according to De Nederlandsche Bank (DNB).
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Deka keeps mum on €1bn property sale reports
REAL ESTATE – DekaBank, a German provider of open-ended property funds, has declined to comment on a news report that its core German fund will soon sell 50 properties for €1bn to either Whitehall, a Goldman Sachs venture or Cerebus, a US...
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Texas Teachers commit $175m
REAL ESTATE - The Teachers Retirement System of Texas has approved investments totaling $175m into two commingled funds. One of the investments was a $125m commitment to the Stockbridge Real Estate Fund II, L.P. The other was a $50m investment in...
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Sacramento to invest $75m into three funds
REAL ESTATE - The Sacramento County Employees Retirement System has chosen three real estate fund managers for its value-added commingled fund manager search. The pension fund has selected Hines US Office Value Added Fund II, AEW Value Investors I...
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ABP affiliate buys San Francisco office block
REAL ESTATE – A real estate firm co-owned by Dutch pension fund ABP and State Street has bought an office block in San Francisco. The Tuckerman Group, part of ABP and the Boston bank’s State Street Global Alliance, said its Redevelopme...
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Clayton joins Pension Real Estate Association
REAL ESTATE – The Pension Real Estate Association has named James Clayton as its new Director of Research as of September 1. He takes over from Jack Nowakowski to support the educational goals of the association as well as undertake direct...
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CalPERS board candidate backs real estate
REAL ESTATE – Howard Schwartz, one of the candidates vying for a seat on the California Public Employees’ Retirement Scheme’s board, has come out strongly in favour of US real estate Schwartz, a CalPERS lawyer, told IPE Real Esta...
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UBS boosts European real estate lending
REAL ESTATE - UBS has completed its pan-European real estate finance team with the appointment of country heads for Germany and the UK. New German head Torsten Bickart joins from HVB, where he was head of real estate portfolio lending for that co...
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Nottinghamshire scheme makes real estate buy
REAL ESTATE – The £1.6bn (€2.6bn) Nottinghamshire County Council Pension Fund has bought an office building in the southern English town of Sutton for £13.33m. The 55,000 sq ft Chancery House was sold by property investment a...
