News – Page 1031

  • News

    Thomas Properties and UBS sign office contract

    2008-06-12T10:42:00Z

    UNITED STATES - Thomas Properties Group has created a new office building acquisitions joint venture with UBS Wealth Management to purchase assets in selected markets across the United States.

  • News

    Tricon Capital creates new investment platform

    2008-06-12T10:40:00Z

    UNITED STATES - Tricon Capital Group has created a new investment platform for the recapitalisation of single-family communities.

  • News

    Blight to leave ING REIM

    2008-06-09T17:30:00Z

    NETHERLANDS/AUSTRALIA - David Blight, chief executive of ING Real Estate Investment Management is leaving the company to return to his native Australia, the firm has announced.

  • News

    J-REITs are bowed but still borrowing

    2008-06-09T17:28:00Z

    JAPAN - J-REITs are better positioned than other Japanese property firms to weather lender caution, according to a report published by Moody's which maintains a stable outlook for 20 of 22 rated J-REITs.

  • News

    Retail booms despite ‘weak’ Russian reputation

    2008-06-09T17:24:00Z

    RUSSIA - Consumer spending power is driving resurgent growth in Russian retail real estate, according to Swedish fund manager East Capital following the launch of a retail property fund.

  • News

    Stay out of politics, OECD tells SWFs

    2008-06-09T17:22:00Z

    GLOBAL - The OECD has apparently softened its stance on sovereign wealth funds (SWFs), welcoming their “constructive contribution” to economic development and lauding them as “a force for global financial stability”.

  • News

    Teesside offers £1.75m direct property mandate

    2008-06-06T15:00:00Z

    UK - Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.

  • News

    APG reshuffles Asian real estate team

    2008-06-06T10:13:00Z

    NETHERLANDS – Dutch APG Investments, the wholly-owned division of ABP created to manage the assets and administration of the pension fund, has reshuffled its Asian real estate team.

  • News

    Van der Ende takes the CIO chair

    2008-06-05T20:18:00Z

    NETHERLANDS – Johan van der Ende, currently at the helm of strategy and structured investments at PGGM, has been promoted to chief investment officer.

  • News

    Illinois Teachers targets minority and female managers

    2008-06-05T17:39:00Z

    UNITED STATES - Teachers’ Retirement System for the State of Illinois has decided to expand its emerging manager program to include real estate for the first time.

  • News

    State of Wisconsin makes hotel reservations

    2008-06-05T17:32:00Z

    UNITED STATES - Wisconsin State Investment Board is planning to invest into hotels for the first time.

  • News

    Ohio PERS sees value of European capital

    2008-06-05T17:30:00Z

    UNITED STATES - Ohio Public Employees Retirement System (PERS) has made $75m (€48.3m) commitments to Carlyle Europe Realty Partners III and Blackstone Real Estate Partners Europe Fund III.

  • News

    LACERA moves $50m into pan-Asia fund

    2008-06-05T17:28:00Z

    UNITED STATES - Los Angeles County Employees Retirement Association had added to its international real estate exposure by committing $50m (€32.2m) to the ING Real Estate Asia Value Fund.

  • News

    Ohio Police & Fire commits to high return fund

    2008-06-05T17:26:00Z

    UNITED STATES - Ohio Police & Fire Pension Fund is continuing its high return commingled fund investing strategy by making a $25m (€16.2m) commitment to the Walton Street Real Estate Fund VI.

  • News

    Investors pull back from emerging markets

    2008-06-02T17:31:00Z

    GLOBAL - Investors are pulling back from emerging markets as the credit crunch dents both global transaction volumes and occupancy.

  • News

    Vietnam gains ground in global rent rise

    2008-06-02T17:26:00Z

    VIETNAM - Ho Chi Minh City has seen the world’s fastest office rent rises in the 12 months to March, with occupancy costs rising 94%, according to CBRE’s Global Market Rents survey.

  • News

    Asian retail is 'sound'

    2008-06-02T17:19:00Z

    ASIA - ING Real Estate has described the Asian retail market as “fundamentally sound” and announced the acquisition of 80% stakes in two Korean hypermarket developments, in a joint venture with an unnamed local insurance firm.

  • News

    Germans abandon bricks for unlisted funds

    2008-06-02T17:08:00Z

    GERMANY - Cross-border investment in German real estate is pushing German pension fund investors to abandon bricks and mortar for unlisted funds, according to INREV.

  • News

    Smaller funds need to be more active - NAEV

    2008-06-02T16:30:00Z

    EUROPE – Smaller pension funds may need to be more active in their handling of real estate assets than larger pension funds, suggests evidence presented at the recent IPE Real Estate Forum.

  • News

    Dutch transport funds team up to buy real estate

    2008-05-29T18:13:00Z

    NETHERLANDS – The €12bn Dutch railway pension fund (SPF) and the €2bn public transport pension fund (SPOV) have, together with Generali Real Estate, bought an €80m Dutch shopping centre project.