News – Page 1084
-
News
Illinois State commits to urban fund
REAL ESTATE - The Illinois State Board of Investment has approved a $30m commitment to the MacFarlane Urban Real Estate Fund II, L.P. The fund took this action at its board meeting in mid September. It was assisted in its real estate decision by ...
-
News
Norway state fund rejects real estate before 2007
REAL ESTATE - The Norwegian finance ministry says moving into real estate “just isn’t a priority” for the Government Pension Fund, despite reports of an imminent 8-10% allocation. A spokeswoman for Norges Bank Investment Manageme...
-
News
Chicago school fund eyes international
REAL ESTATE – The $10.9bn (€8.5bn) Public School Teachers' Pension and Retirement Fund of Chicago is considering amending its real estate exposure, according to fund documents. At its last trustee meeting on August 17 executive directo...
-
News
Value-added theme in ING REIM funds launch
REAL ESTATE - ING Real Estate Investment Management has launched five new property funds with a total value of €4.25bn. The new offering comprises a central and East European fund of €1bn, a Nordic property fund of €1bn, a French...
-
News
Idaho fund in $18m Arizona purchase
REAL ESTATE – The $9.9bn (€7.75bn) Public Employee Retirement System of Idaho, or PERSI, was last week involved in the $18m purchase of an office building in Scottsdale, Arizona following the vendor’s liquidation. PERSI and the C...
-
News
IVG ups Oppenheim real estate stake
REAL ESTATE – German real estate specialist IVG Immobilien plans to acquire nearly all of Oppenheim Immobilien-Kapitalanlagegesellschaft (OIK), Germany’s leading provider of real estate funds for institutional investors. IVG said that ...
-
News
Texas Teachers makes real estate moves
REAL ESTATE - The Teacher Retirement System of Texas made some real estate moves at its board meeting in the middle of September. The fund has approved an investment of up to $100m into the Capmark Structured Real Estate Partners commingled fund. ...
-
News
USS in central Europe real estate move
REAL ESTATE – The £26bn (€38.5bn) Universities Superannuation Scheme, the pension fund for university staff, has made a move to increase it central European real estate holdings. First Property Group, which manages regional real e...
-
News
LA County earmarks $600m for separate account
REAL ESTATE - The Los Angeles County Employees Retirement Association has chosen an initial commitment of $600m as it establishes a new way to allocate capital for its separate account real estate managers. The allocation will be split into three ...
-
News
Irish reserve fund puts €44m into property
IRELAND – Ireland’s National Pensions Reserve Fund is to invest £30m (€44m) in specialist property fund The Mall as part of its €135m commitment to real estate.
-
News
Morley goes to the movies
REAL ESTATE - A 50/50 joint venture between Morley Fund Management and Pinewood Shepperton has acquired the 999-year lease on Shepperton film studios outside London. Morley paid £10.5m cash towards the Shepperton Studio Property Partnership ...
-
News
IPE-QUEST: Swiss institution tenders real estate
REAL ESTATE – Swiss investment consultant Kieger AG has tendered two real estate mandates for one of its institutional clients via IPE-Quest. Up to $50m is being tendered via two searches (QN659 and QN660). They are not connected to search Q...
-
News
REI finance director resigns as assets increase
REAL ESTATE - Real Estate Investors (REI) finance director Malcolm Lewin resigned last week “with immediate effect” as the group reported a 36.7% increase in its assets to £7.9m (€11.7m). The firm provided no explanation fo...
-
News
Shorenstein raises €867m for new fund
REAL ESTATE - Shorenstein Properties LLC has raised $1.1bn (€867m) for its latest commingled (pooled) fund, Shorenstein Realty Investors Eight, L.P. It took the real estate fund manager around four months to raise the capital. It could have...
-
News
ING starts real estate service provider
REAL ESTATE – Dutch banking group, in a bid to enhance its range of real estate-related banking and advisory services, has formed ING Real Estate Capital Advisors, or RECA. RECA will offer fully integrated banking, capital markets and adviso...
-
News
Warwick fund puts €75m into real estate
REAL ESTATE - Warwickshire County Council has tendered for up to £50m (€75m) in real estate for the £1bn Warwickshire Pension Fund. It’s also putting a similar amount out to tender for fund of hedge funds. The fund, which ...
-
News
Ohio PERS awards new allocation to manager
REAL ESTATE - Ohio Public Employees Retirement System has decided to grant Great Point Investors a new annual real estate allocation of $200m. The real estate manager figures that it will use leverage to the amount of 40% at the portfolio level....
-
News
CBRE names Tokyo head
REAL ESTATE - CB Richard Ellis has hired former Macquarie Properties Japan president Steve Bass to head its Tokyo office just weeks before it launches operations in China. Bass, a former CBRE executive, will handle the firm’s investments i...
-
News
Illinois State buys industrial portfolio
REAL ESTATE- The Illinois State Board of Investment has purchased a portfolio of industrial properties through separate account manager CB Richard Ellis Investors for $80.5m (€63.5m) from Bentley Forbes. The transaction involved the acquisit...
-
News
Belgian government plans €1.2bn REIT
REAL ESTATE - The Belgian government has chosen property firm Cofinimmo as partner in a €1.2bn Sicafi, to be listed last year. The REIT-like structure will comprise 79 buildings used by federal ministries and European organisations. The gov...
