News – Page 1120
-
News
London tops the office expenses
UK - London remains the most expensive office market in the world, according to the latest research by London-based global commercial property investment consultants, CB Richard Ellis (CBRE).
-
News
DEGI continues European expansion
BELGIUM – DEGI, the €6bn German specialist property investment group, has bought a major European Union (EU) office complex in Brussels, in a deal worth €90m.
-
News
Singapore expected to bounce back strongly
SINGAPORE - Singapore remains the centre of choice in Asia for long-term investors seeking stable real estate investment returns, according to a new survey by iProperty.com.
-
News
German investors dominate in falling London markets
EUROPE - The Central London commercial property markets are continuing to fall under pressure from the current financial and economic crisis but indicators suggest overseas investors are still willing to consider deals, according to London-based commercial real estate services firm Cushman & Wakefield.
-
News
Fortis recruits for real estate amid its turmoil
NETHERLANDS - Raymond Satumalay, formerly investment manager at Bouwfonds Asset Management, is joining Fortis Vastgoed Vermogensbeheer, the real estate division of Fortis Insurance Netherlands, as its managing director of fund management.
-
News
Swiss funds still favour real estate
SWITZERLAND – Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim.
-
News
CalSTRS prepares for market turn
UNITED STATES - California State Teachers Retirement System is investing capital with existing real estate managers so these firms will have capital ready to place in the real estate market when conditions start to improve.
-
News
LA County reins in real estate spending
UNITED STATES - Los Angeles County Employees Retirement Association has chosen not to allocate any new capital to real estate for fiscal year 2009 as the fund is now over-allocated to the sector.
-
News
Oregon PERF moves into infrastructure
UNITED STATES - Oregon Public Employees Retirement Fund has made its first move into an infrastructure commingled fund and approved a $200m (€140.3m) commitment into the Alinda Infrastructure Fund II.
-
News
New York State takes $450m investment opportunity
UNITED STATES - New York State Common Retirement Fund has approved $450m (€308.2m) of commitments into three opportunity funds, in a bid to generate projected gross IRR of 20%.
-
News
ING Clarion takes its talent to Brazil
UNITED STATES - ING Clarion Partners is tapping its in-house investment expertise and opening a regional investment office in Brazil for the first time.
-
News
Felix turns off the road and into Aviva
UNITED STATES – Steve Felix, well-known in the pensions and institutional real estate market, is leaving his full-time writing behind and joining Aviva Investors to become head of marketing for its North American real estate multi-manager products.
-
News
Union seeks growth through Axa CEO
GERMANY - Hamburg-based investment management firm Union Investment Real Estate (Union) has appointed Karl-Joseph Hermanns-Engel to its management board with specific responsibility for the €14bn firm’s international asset management operations.
-
News
Russia to be avoided, warns JP Morgan
RUSSIA - Investors should avoid Russia as a potential area of growth as its property markets will be the hardest hit if the world’s largest country is drawn to the impending global recession, JP Morgan Chase has claimed.
-
News
CalPERS appoints infrastructure manager
UNITED STATES - California Public Employees Retirement System has hired Randall Mullan as its senior portfolio manager for infrastructure investments.
-
News
Germany steps in protect Hypo’s funds behind the funds
GERMANY – A consortium of German banks has stepped in at the eleventh hour to provide Hypo Real Estate, a provider of loans and financing to real estate purchases and funds, with assets to meet its financing obligations.
-
News
Three out of four funds stand firm to real estate
UK – Three-quarters of UK pension funds are either maintaining or increasing their current level of exposure to real estate despite the recent turmoil in their domestic commercial property market.
-
News
Washington State agrees $1.15bn investment
UNITED STATES - Washington State Investment Board has made three commitments in real estate and the tangible asset classes amounting to $1.15bn (€782m).
-
News
New Jersey considers fresh investment
UNITED STATES - New Jersey Division of Investment maybe investing as much as an additional $15m (€10.2m) of capital into the Morgan Stanley Real Estate Fund VII Global commingled fund.
-
News
Ohio School Employees moves into Asia
UNITED STATES - The School Employees Retirement System of Ohio has approved a commitment of $50m (€34.2m) in the Carlyle Asia Real Estate Partners II commingled fund.
