All News articles – Page 1195
-
News
Belgium’s KBC scheme shifts to real estate
REAL ESTATE - Belgian bank KBC’s €870m pension fund is to shift 3% of its equity allocation to real estate after ruling out investing in hedge funds. Edwin Meysmans, managing director of the firm’s defined benefits scheme, said...
-
News
CalPERS to hire managers for global REIT program
REAL ESTATE- California Public Employees Retirement System has sent out an RFP for managers for an international public real estate equity securities (PREES) investment program. The Sacramento-based fund has not established a specific amount for t...
-
News
CalSTRS commits to old folks’ housing
REAL ESTATE - The California State Teachers Retirement System has made its first investment in old folks’ housing. It has established a partnership relationship with Newport Beach, California-based Vintage Senior Advisors. CalSTRS and V...
-
News
Clarion to develop new industrial properties
REAL ESTATE - Clarion Partners has created a joint venture with Trammell Crow Company to develop two new industrial buildings in Beaumont, Calif. The development will build two warehouse/distribution buildings within the Beaumont Business Park on ...
-
News
Fortress to float German real estate
REAL ESTATE – US private equity firm Fortress plans to float part of its German real estate holdings on stock exchanges by the start of 2007, a spokesman for the firm has confirmed. Since entering the German market in 2004, Fortress has acqu...
-
News
Irish reserve fund on target for real estate
REAL ESTATE - Ireland’s National Pensions Reserve Fund (NPRF) invested €400m in real estate in 2005, according to its annual review. The fund expects to invest €500m in 2006, and €500m for each of the next three years. And ...
-
News
Dutch SPF sets €150m in real estate target
REAL ESTATE - SPF Beheer, manager of the Dutch rail and public transport pension funds, has changed its investment strategy seriously. After the rather cautious investment approach towards real estate until 2005, the last year a more aggressive a...
-
News
Germany’s €17.7bn BVV eyes real estate
REAL ESTATE - BVV, a €17.7bn pension fund serving Germany’s financial services industry, plans to raise its exposure to real estate to at most 8% over the long-term and is mulling an initial investment in private equity. As reported b...
-
News
DIFA buys 50% of London office project
REAL ESTATE – Germany’s Deutsche Immobilien Fonds AG (DIFA) has acquired 50% of a 250,000 square foot central London office complex for around £90m (€130m). The deal for “building 3” will kick off phase two of t...
-
News
Pension schemes to raise allocation – ING
REAL ESTATE - Pension funds will hike their allocations to real estate over the next five years as they ditch the drive for returns in favour of “an approach based on managing assets and liabilities”, according to George Jautze, CEO of IN...
-
News
Colonia results reflect bullish German market
REAL ESTATE - German real estate firm Colonia exceeded its group-wide income targets by €4m, delivering €6.8m in 2005. As it announced the results, the firm said it would increase its guidance for the coming year “considerably”...
-
News
Cerebus Deutschland ‘real estate head quits’
REAL ESTATE – The German arm of US private equity firm Cerebus has reportedly lost the head of its real estate business as well as five other employees from the unit. According to Germany’s Börsen-Zeitung, Ralf Winter, head of rea...
-
News
Clarion eyes self-storage
REAL ESTATE - Clarion Partners has plans to acquire $50m-$100m (€40.7m-€81.4m) in self-storage properties on an annual basis. This capital will be invested on behalf of a mixture of commingled funds and separate account pension fund clie...
-
News
Hart to market its first commingled fund
REAL ESTATE - Hart Realty Advisers has begun the marketing process for its first commingled fund. The Hart Realty Fund, L.P. is slated to grow to $100m (€81.5m). It’s the first time in its 24-year history that the company has done t...
-
News
Sacramento scheme commits to offices
REAL ESTATE – The Sacramento County Employees Retirement System has decided to invest all of its separate account capital into office buildings. The main reason for this is portfolio diversification. The fund’s chief investment office...
-
News
NIBC nabs three for real estate
REAL ESTATE – Dutch banking group NIBC has hired three pension industry real estate people as it expands its real estate and infrastructure unit. It said the move was part of its strategy “to grow the investment management activities f...
-
News
Pennsylvania to invest $100m in non-core funds
REAL ESTATE- The Pennsylvania State Employees Retirement System has decided to invest $25m into the Prudential Latin America Retail Fund and $75m into the Hawkeye Partners Scout Fund. Neither of these investments are typical of investment funds th...
-
News
ABN Amro shortlists Bouwfonds buyers
REAL ESTATE - Bouwfonds, the ABN AMRO property fund put up for sale in December, announced last week that it had shortlisted would-be buyers as credit rating agency Moody’s confirmed it was holding the firm on review for possible downgrade. ...
-
News
ABP in French office tie with Grosvenor
REAL ESTATE – Stichting Pensioenfonds ABP, Europe’s largest pension fund, is to invest in French office real estate in a tie with the Duke of Westminster’s Grosvenor group. “We have not been active in the office market sinc...
-
News
Foreign investors eye South African market - IPD
REAL ESTATE - Potential returns from South African real estate are encouraging overseas investors despite the perceived risks, according to research firm International Property Databank (IPD). Stan Garrun, IPD South Africa managing director, said...
