News – Page 1053
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Investment managers supply industrial property access
UNITED STATES - Real estate managers looking after major US pension funds' assets are still seeking large industrial deals to accommodate the local pensions market.
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Montana State grows international focus
UNITED STATES - Montana State Board of Investment has increased its exposure to international real estate with committing capital to two new commingled funds.
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Sacramento County eyes REITs and value-added
UNITED STATES - Sacramento County Employees Retirement System is expected to discuss two additional real estate investment strategies at its board meeting in October which could see the fund invest a further $125m (€90.6m).
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CalPERS approves infrastructure pilot program
UNITED STATES - California Public Employees Retirement System has approved a pilot program to invest up to $1.5bn (€1.44bn) in infrastructure on a global basis.
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Irish pension fund sells retail stores
IRELAND – The Irish Property Unit Trust is selling some of its retail investments in Cork and Limerick, as well as an office block in Dublin, to finance its stake in a new Cork retail property project.
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McGuire swaps Edinburgh for London
UK – AXA Real Estate Investment Managers has persuaded Standard Life Investment’s Martin McGuire to leave his property remit at the life office and head up one of its core-plus propositions.
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Pension funds give euro focus to Goodman
EUROPE – Asset management firm Goodman Property Investors has picked up a series of new European real estate mandates from pension funds in recent months, the latest of which is from GlaxoSmithKline (GSK).
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Slack debt deals undermine 'safe' infrastructure - S&P
GLOBAL - Infrastructure investors could find themselves saddled with underperforming assets and the banks that funded them with “paralysed” debt, according to a report published by ratings agency Standard & Poor’s.
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Futures present for listed property
FRANCE - Launch of two European futures contracts on the Paris derivatives market will give investors “cost-effective, simple and efficient” exposure to listed property, according to Liffe, Euronext’s London-based derivatives business.
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Finland remains 'Nordic property capital'
FINLAND - Finnish real estate still offers pension funds credible property investment opportunities despite the small size of the market, according to Aberdeen fund manager Pertti Verhanen.
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Canada pension fund targets Kiwi airport
CANADA - The Canada Pension Plan Investment Board (CPPIB) is bidding for a 49% stake in the Auckland International Airport (AIAL) group, as part of a strategy to target long-term holdings in infrastructure assets.
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Lothian pension tenders its real estate
UK – Lothian pension fund is reviewing its real estate investment manager and searching for a firm to handle the fund’s asset allocation.
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US pensions follow Mexican residential trail
UNITED STATES - More pension fund capital is being ploughed into the Mexican real estate market and heading for retail and ‘single family home’ developments, according to property investment firm ING Clarion.
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ECP to extend retail centres
EUROPE - The €2.2bn investor EuroCommercial Properties is increasingly focusing on extending its existing centres to improve its competitive position in a pressured property markets.
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US Colony seeks infrastructure with Challenger
UNITED STATES - Australian-based Challenger Financial Services Group Limited has formed a strategic relationship with Los Angeles-based Colony Capital to invest in real estate and infrastructure in the US, Europe and Asia.
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Pension funds approach target allocations
UNITED STATES – Less new pensions capital is likely to be invested in real estate over the coming months as many US pension funds are now approaching their real estate allocations.
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Indiana State seeks overseas opportunities
UNITED STATES - Indiana State Teachers Retirement System will be looking at investing around $200m (€147m) into a new real estate strategy that will include international and opportunistic investments.
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Infrastructure to draw more pension capital - RREEF
UNITED STATES - More US pension fund investment capital is heading for infrastructure, according to a research report issued by RREEF.
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North Dakota State shifts core capital to value-added
UNITED STATES - North Dakota State Investment Board has decided to move a portion of its capital originally invested in core real estate and move it into the value-added real estate bucket.
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San Joaquin County considers real estate rise
UNITED STATES - San Joaquin County Employees’ Retirement Association is thinking of increasing its exposure to real estate to as much as a tenth of its assets.
