All News articles – Page 1196
-
News
IVG targets schemes with bespoke funds
REAL ESTATE - Bonn-based IVG Immobilien is to target pension funds with bespoke vehicles invested in non-listed real estate – in addition to its growing portfolio of closed-end core, opportunistic and development funds. The firm has already...
-
News
Philips scheme buys into new project
REAL ESTATE – The €11.4bn Philips Pension Fund has acquired Amsterdam Symphony, a real estate project in Amsterdam’s main new real estate project called Zuid As. According to unnamed sources, the acquisition will have cost betwe...
-
News
CalPERS’ real estate official McCook to retire
REAL ESTATE – Mike McCook, senior real estate investment officer at the $183bn (euro) California Public Employees’ Retirement Scheme, is to retire. An official at the Sacramento-based fund told IPE Real Estate that McCook is to retire ...
-
News
German REITs edge closer with new draft - paper
REAL ESTATE – The German finance ministry is apparently near completing a draft law that would legalise Real Estate Investment Trust (REITs) in Germany from the beginning of 2007. Germany’s Börsen-Zeitung reported that the ministr...
-
News
NJ to invest in two new commingled funds
REAL ESTATE- The New Jersey Division of Investment has committed a $75m investment into both the CPI Capital Partners Europe and to Walton Street Real Estate Fund V. The CPI Capital Partners Europe fund will be the pension fund’s initial inv...
-
News
Montana State to make real estate play
REAL ESTATE - The $7bn Montana State Board of Investment will be making a move into real estate for the first time in several years this month. The pension fund has a board meeting on April 26. At this meeting the board will discuss a minimum real...
-
News
BRICs, REITs dominate in 2006 - E&Y
REAL ESTATE - Disparities in economic growth and new regulations will change the contours of the real estate market in 2006, according to Ernst & Young’s 2006 Global Trends for Real Estate. The report forecasts that the US real estate se...
-
News
DekaBank ahead on fund revamp
REAL ESTATE – Germany’s DekaBank says it expects to complete the restructuring of its embattled German property fund well ahead of a previously given date of 2009. Over the last two years, the fund has suffered more than €2bn in ...
-
News
Sweden’s AMF to double real estate allocation
REAL ESTATE – The SEK281bn (€29.8bn) AMF pension fund is looking to more than double its current 6% investment allocation in real estate. The scheme’s current real estate investment amounts to SEK16.2bn, but it is looking to stre...
-
News
Los Angeles fund picks two REIT managers
REAL ESTATE- The Los Angeles Fire & Police Pension System has selected Adelante Capital Management and Morgan Stanley Investment Management as its first two managers for its first ever REIT investment program. Both of these managers were award...
-
News
Asian REITS – curb your enthusiasm?
REAL ESTATE - With Asia’s booming real estate market showing no sign of cooling off, demand for shares in the latest REIT IPOs looks to be as strong as ever. At the inaugural Asian Property Leaders Forum, held last week in Shanghai, the cal...
-
News
Bank association sees German REITs next year
REAL ESTATE - The Association of Foreign Banks in Germany (VAD) reckons that despite more recent anti-private equity rhetoric from the governing Social Democrats, Berlin will legalise Real Estate Investment Trusts from 2007. About a year ago, Fran...
-
News
Credit Suisse nabs Deutsche Australia team
REAL ESTATE - Credit Suisse has poached senior managers from Deutsche Bank to head a new real estate finance business at its Australian investment bank. The Swiss bank says the team – comprising investment banking heads David Dixon and Step...
-
News
Pennsylvania scheme backs opportunity fund
REAL ESTATE- Pennsylvania Public School Employees Retirement System has approved an investment up to $200m into the Fortress Investment Fund IV. The pension fund made this decision at its board meeting last month. One of the people involved in th...
-
News
Real estate M&A boosts banks
REAL ESTATE - Investment banks are building up their businesses in European real estate as property markets become increasingly sophisticated, cash-intensive and global. In a trend described as the “Anglicisation” of property markets,...
-
News
French insurance funds go for Euroffice
REAL ESTATE - French life insurance funds are among new investors in Euroffice fund, asset management firm IXIS AEW Europe said last week as it announced the fund’s first closure. The Eurozone office real estate fund, which has capital of &...
-
News
Institution-backed Carnegie in SEK1.2bn deal
SWEDEN – “A small number of reputable institutions” are set to benefit as Carnegie Fastigheter seals a SEK1.2bn (€128m) Swedish property deal. Carnegie Fastigheter Sverige AB – set up last year by the investment bank ...
-
News
Allianz’s DEGI in €110m Luxembourg buy
REAL ESTATE – Germany’s DEGI said its €1.3bn international property fund has made its first acquisition in Luxembourg city, investing €110m in two new office buildings in the Kirchberg financial district. DEGI, a unit of Al...
-
News
Unilever scheme holds real estate at 15%
REAL ESTATE - Progress, Unilever’s Dutch pension fund, is to maintain its real estate allocation at around 15%, despite a stunning outperformance in 2005 from equities, which returned 30.2%. Real estate in 2005 generated a return of 8.2%, a...
-
News
Belgian pension funds get real estate kick
REAL ESTATE – Belgian pension funds’ real estate holdings returned 22.9% in 2005, according to Mercer Human Resource Consulting. “In contrast to the nineties when real estate investments performed poorly, in 2005 they achieved an...
