News – Page 1177
-
News
ING Real Estate nabs IPF’s Follows
REAL ESTATE - Pension fund demand for pan-European assets has driven ING Real Estate to boost its research team with a new UK head of research and forecasting. Charles Follows, currently research director at the Investment Property Forum, will join I...
-
News
CalSTRS sets up Texas apartments venture
REAL ESTATE - The California State Teachers Retirement System has created a joint venture with Trammell Crow Residential to develop the 452-unit Alexian at Fitzhugh apartment complex in Dallas. The total amount of capital in the venture is $63m....
-
News
Asian listed grouping looks to widen scope
REAL ESTATE - The Asian Public Real Estate Association (APREA) has made progress in its representations on local market practice in Singapore. It is now looking to develop its activities across the region, with the appointment of a new chief exec...
-
News
PREA conference report
US real estate is riding the crest of the wave now – the question is, for how long? This was the conclusion of speakers and delegates at the Pension Real Estate Association (PREA) annual plan sponsor real estate conference held in Washington DC...
-
News
University of California amends real estate plan
REAL ESTATE - The University of California has decided to make some changes to its real estate investment program. The institutional investor has chosen to reduce its amount for core investments and increase its mixture of enhanced and high return...
-
News
BGP Properties to market new investment fund
REAL ESTATE - BGP Properties has begun to seek investors for its next investment fund, BGP Investment Partnership Fund VIII, L.P. The company will seek to raise around $650m-$750m. The company expects a great deal of repeat investors in the new f...
-
News
US commercial real estate ‘set for 2007 decline’
REAL ESTATE - The peaking US real estate cycle will start declining from 2007, forcing investors to rethink, according to a study by research group the Urban Land Institute and PricewaterhouseCoopers. The new trend will see investors turning to a...
-
News
Aareal in German residential move
REAL ESTATE – Aareal Asset Management has acquired a substantial residential portfolio for the Aareal German Residential Fund. The portfolio, comprising of about 1,400 units, was sold by a subsidiary of German insurer Allianz Group, represe...
-
News
GFI launches HK property derivatives market
REAL ESTATE - US broker GFI has launched a joint venture to broker Hong Kong property derivatives to banks, funds and property companies. GFI has already set up a similar property derivatives venture in London with CB Richard Ellis. However, in t...
-
News
Oregon allocates $300m to international REITs
REAL ESTATE - The Oregon Public Employees Retirement Fund has allocated a total of $300m to three international REIT managers. This capital was split up with $150m going to Morgan Stanley Real Estate, $75m to European Investors and $75m to Presima...
-
News
IPD opens to smaller pension funds
REAL ESTATE – Real estate data firm IPD has launched a new property information service on UK real estate aimed at smaller pension funds. IPD said Property Intelligence, which will also target charities and retail investors, caters to the re...
-
News
ABP’s new HK office to focus on real estate
REAL ESTATE – Dutch pension giant ABP, at €201bn Europe’s largest pension fund, has announced a launch date and the key executives for its new Hong Kong office – revealing a real estate focus for the new office. By January ...
-
News
CalPERS commits $100m to new fund of funds
REAL ESTATE- The California Public Employees Retirement System has made a $100m commitment to the American Value Partners Fund I. This is a commingled fund that has a very unique investment strategy. It will be investing with either emerging real...
-
News
More problems at ING’s ill-fated Polish project
REAL ESTATE - A year after ING Real Estate fired development chief executive Paul Trip over delays in Warsaw’s Zlote Tarasy retail centre, it has reported that the centre will not open on schedule in November. The latest delay – with ...
-
News
Land Securities’ operating chief exits
REAL ESTATE - Land Securities last week announced the unexpected departure of chief operating officer Mark Collins, in what a spokeswoman described as "a positive endorsement" of its restructuring programme. In a statement, EuropeR...
-
News
Belgian €1.2bn real estate fund in jeopardy
REAL ESTATE - The future of the €1.2bn real estate investment trust agreed between the Belgian government and real estate firm Cofinimmo looked precarious last week amid speculation that the government would re-route property destined for the t...
-
News
Texas Teachers to look at three commingled funds
REAL ESTATE - The Teacher Retirement System of Texas will be looking at three commingled funds for possible investment decisions at its board meeting on November 9 and 10. The three commingled funds to be considered are MacFarlane Urban Real Estat...
-
News
Corio names Jan Haars as new CFO
REAL ESTATE - Jan Haars has been appointed as chief financial officer at Corio, the property investment company has announced. The new CFO will take over from John Kuik, who suddenly left Corio earlier this month, as a result of ‘differenc...
-
News
AFL-CIO in $500m industrial venture
REAL ESTATE - The AFL-CIO Building Investment Trust has put together a joint venture with Weingarten Realty Investors to invest in industrial properties across the US. There will be a total capitalization in the venture of $500m - around 50-50 equ...
-
News
Fortress to float German portfolio
REAL ESTATE – US private equity firm Fortress will on Thursday float part of its German property portfolio, consolidated under the firm Gagfah, on Frankfurt’s stock exchange. Fortress said that on Thursday, it would offer 45 million sh...
