News – Page 1119
-
News
Federal Capital attains $230m in first fundraising
UNITED STATES - Federal Capital Partners has closed its first commingled fund with a capital raisin of $230m (€168.5m) through FCP Fund I.
-
News
Buchanan Street Partners to be principal investor only
UNITED STATES - Buchanan Street Partners has shifted its business to focus solely on acting as a principal investor for all of its real estate investments.
-
News
Pan-European retail sustainability standard launched
EUROPE- Bre Global, a property research and consultancy group specialising in the assessment of the environmental and social impact of property developments, has launched what is said to be the first pan-European retail sustainability standard – a ‘green’ code of practice designed to ensure commercial development projects have minimal impact ...
-
News
Emerging markets real estate to feel the pinch
GLOBAL - The International Monetary Fund (IMF) has warned the real estate sector in the emerging markets will not be immune from the global credit crisis, contrary to the prediction of many analysts.
-
News
Laxton to head UK charge of Cushman & Wakefield
UK - Cushman & Wakefield, the global real estate consultants and investment firm, has appointed Bryan Laxton as chief executive officer of its UK business from January 2009.
-
News
Behringer Harvard opens door to European expansion
EUROPE – Behringer Harvard, the US-based international commercial property investment fund specialists, has extended its European range with several acquisitions in Central Europe.
-
News
Hermes’ trial to measure financial impact of carbon reduction
EUROPE – Hermes Real Estate is to launch Hermes Emissions Trading Scheme (HETS) in a bid to prepare the asset management firm and its tenants for the Government’s introduction of the Carbon Reduction Commitment (CRC) in October 2009.
-
News
Italian real estate held ground in H1
EUROPE – The total return of Italian pooled property funds dropped during the first half of 2008 but still managed stay in positive territory of 4.1%, according to the latest results from IPD’s Italian Pooled Property Fund study.
-
News
Brazil’s FUNCEF to tackle equity fall with real estate
BRAZIL – FUNCEF, Brazil’s third-largest pension fund and one of the largest in Latin America, plans to allocate approximately BRL520m (€611m) to the fund’s real estate portfolio in a bid to diversify its assets following a huge drop on its chosen equity index
-
News
Dumfries reviews real estate manager and allocation
UK – Dumfries and Galloway pension fund is looking to appoint a pension fund investment manager to manage up to £45m (€58.2m) in its UK and global property assets.
-
News
Swiss pension funds buy Bern housing land
SWITZERLAND – Swiss pension funds have increased their real estate investments in Bern, by acquiring residential fields for new development projects.
-
News
Market pressures force fund extensions
EUROPE – Non-listed real estate funds are increasingly extending the life of their vehicles rather than liquidating them in a bid to avoid the forced sale of their assets at current low market prices, the European Association for Investors in Non-listed Real Estate Vehicles (INREV) has found.
-
News
European real estate shown as Canadian target
CANADA/EUROPE - Major Canadian pension funds continue to invest in European real estate, despite the credit crunch, as consumer and investor confidence remains high, according to DTZ.
-
News
Los Angeles City seeks a wider view
UNITED STATES - Los Angeles City Employees’ Retirement System has approved two new real estate commitments totaling $45m (€33.1m) which will see the pension fund invest in REITS and Latin America.
-
News
Dallas Police & Fire helps fund retail venture
UNITED STATES - Dallas Police & Fire Pension System is the capital source behind a global capital relationship with its real estate manager CDK Realty Advisors and RED Development, which will invest in retail property.
-
News
Alaska Retirement holds back from real estate
UNITED STATES - Alaska Retirement Management Board has decided not to allocate any new capital to real estate investment in fiscal 2009.
-
News
Cornerstone gets ready to close hotel bookings
UNITED STATES - Cornerstone Real Estate Advisers is getting ready to close the capital raising on its Cornerstone Hotel Income & Equity Fund II, having persuaded investors to commit $466m (€340.5m) to the fund.
-
News
Pennsylvania Public School takes $286m risk
UNITED STATES - Pennsylvania Public School Employees Retirement System has allocated $286m (€210m) in two commingled funds to target high returns in European mortgages and Asia.
-
News
PREA Conference presents a gloomy future
UNITED STATES – The pension fund real estate industry painted a pretty negative outlook for real estate investing at the Pension Real Estate Association’s 18th Annual Plan Sponsor Conference in Chicago last week.
-
News
BP deal squares up to property downturn
UK- BP’s pension fund real estate arm Ropemaker Properties has formed a £100m UK investment fund called Cubemaker Partnership with London-based property company Cube Real Estate, that aims to take advantage of the economic downturn and acquire cheap assets.
