News – Page 1063
-
News
Wisconsin plans global REIT manager search
UNITED STATES- Wisconsin State Investment Board is now planning a new REIT manager search to invest in global securities with the support of its real estate consultant Courtland Partners. The pension fund believes now is a good time to explore a g...
-
News
Khan quits Adimmo
EUROPE - Portfolio manager Aqil Khan has left Basel-based real estate firm Adimmo after three years with the firm. During that time, he was involved in building up the firm’s indirect investment capability. Khan said he would continue hi...
-
News
Union Investment offloads ‘heavyweight’ German office
GERMANY - Union Investment Real Estate – formerly DIFA – has sold a substantial, multi-city German office portfolio to Morgan Stanley and IVG for €2.56bn. The portfolio comprises 53 commercial properties and a separate office de...
-
News
Ontario Teachers acquire infrastructure in Chile and UK
CANADA - The Ontario Teachers' Pension Plan (OTPP) last week made its first infrastructure investment in Latin America with the acquisition of stakes in two Chilean water companies. Although the fund did not disclose the value of the transaction...
-
News
European property continues the climb
EUROPE – Property performances throughout Europe saw another year of growth in 2006, the third year in a row according to the Pan-European property index calculated by Investment Property Databank (IPD). The index, covering property asse...
-
News
CalSTRS and Fillmore Capital book into hotels
UNITED STATES - California State Teachers Retirement System and Fillmore Capital Partners have invested capital in a deal which involves the acquisition of eight US luxury resort hotels by Morgan Stanley Real Estate.
-
News
Pramerica funds new development company
UNITED STATES - Pramerica Real Estate Investors has invested capital in a venture designed to jumpstart a new retail development company. Through a division called Interra Development Partners, Pramerica contributed 95% or $47.5m (€69.4m) of...
-
News
UBS buys into Ontario teachers’ power
CANADA - UBS’s infrastructure subsidiary has acquired 50% of an electricity firm co-owned by the €70.4bn Ontario Teachers’ Pension Plan (OTTP) for an undisclosed figure. The acquisition of Northern Star Generation from AIG Highs...
-
News
DRA to buy public office REIT building asset
UNITED STATES - DRA Advisors has signed an agreement to acquire a majority interest in the office building assets held by Colonial Properties Trust. The deal is projected to close sometime during the second quarter but should see DRA purchase the ...
-
News
Strathclyde seeks property valuer
UK – The £9.6bn (€14.1bn) The Strathclyde pension fund for Glasgow County Council is looking for a new independent property portfolio valuer. As its five-year contract with the current service provider Collier is coming to an end...
-
News
Retail is most profitable – Wereldhave
GLOBAL - With a net rental income of 16.3% and 15.7% respectively, retail and offices were the most profitable real estate asset classes, according to property investor Wereldhave. Industrial and residential buildings returned 4.1% and 0.6% respec...
-
News
Finnish market ‘remains attractive’ as retail hits the block
FINLAND - The Finnish real estate market remains a good investment opportunity, according to investment management firm Doughty Hanson which has just sold three shopping centres in Helsinki and Oulu. The assets, now sold to ING Real Estate for &#...
-
News
European boom to reduce in 2008
GLOBAL - Real estate markets are currently said to be in "excellent shape" and will remain moderately positive for 2007 before falling off next year, according to a report published last week by Swedish bank SEB. Despite strong investo...
-
News
Hedging strategies timed for uncertainty
GLOBAL - Pension funds are exploring risk-hedging property derivatives but hesitate when it comes to allocating to them, according to the manager of an alternative real estate fund launched in recent weeks. The relative-value Iceberg Alternative ...
-
News
Zlote Tarasy keeps Rodamco’s profits down
Despite the complex’ opening in February, property investor Rodamco has not yet been able to benefit from its agreed interest in the retail part of Zlote Tarasy Centre in Warsaw. The firm is still discussing the "formalities of the fut...
-
News
PPSERS to invest $600m
UNITED STATES - Pennsylvania Public School Employees Retirement System has approved commitments of up to $600m ($440.6m euros) into two commingled funds. One of the commitments involved investing capital into the Beacon Capital Strategic Partners ...
-
News
DEGI sells on Eurotower
GERMANY - DEGI, a German provider of open-ended real estate funds, said one of its funds had sold near €3bn worth of properties in Germany, including Eurotower, the current seat of the European Central Bank (ECB) in Frankfurt. DEGI said the ...
-
News
Quebec fund sells high but has lower expectations
CANADA - A New York-based property firm, which is part-owned by Caisse de depot et placement du Quebec, has sold a prime Orlando office block to Eola Capital for a reported CA$90.6m (€60.3m) – a record price for the city. Seller Praed...
-
News
AEW beats its commingled target
UNITED STATES - AEW Capital Management has raised $651m (€480.5m) for its latest commingled fund, AEW Value Investors II - significantly more than its original target of raise $500m. Around 40% of the investors in Value Investors II were rep...
-
News
Supply constraints drive Italy expansion
ITALY - Property adviser Savills is expanding its Rome office in a bid to capitalise on continuing strong investor interest in the Italian market.
