News – Page 1180
-
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...
-
News
Hewitt’s Duff attacks real estate managers
REAL ESTATE - Most real estate fund managers aren’t fit for purpose, according to Nick Duff, real estate partner at Hewitt Associates. In an interview with IPE Real Estate, Duff said most lacked “the contacts, the systems or the teams...
-
News
LaSalle names new CEO
REAL ESTATE – LaSalle Investment Management, a member of the Jones Lang LaSalle Group, has appointed Jeff Jacobson as its new CEO.
-
News
EPRA conference report
REAL ESTATE - Red tape is hindering the development of the Hungarian real estate investment market – that’s one of the messages to emerge from the European Public Real Estate Association conference in Budapest.
-
News
CalSTRS to put 11% into real estate
REAL ESTATE – The California State Teachers' Retirement System is looking to real estate as it rejigs its investments and tries to plug a $20bn (€15.7bn) funding gap.
-
News
Savills rethink after public fund failure
REAL ESTATE - Savills is to launch a private German real estate fund after an abortive public fund launch earlier this year failed to generate sufficient funds. The new fund, aimed at European pension funds and retail investors, is expected to la...
-
News
DB Real Estate sells German properties
REAL ESTATE – DB Real Estate, the property fund arm of Deutsche Bank, has sold six properties worth €500m from its core German fund to Fortress, the US private equity investor. A spokesman for DB Real Estate said the properties were so...
-
News
Ohio Police & Fire commits to commingled fund
REAL ESTATE - The Ohio Police & Fire Pension Fund has made a $25m (€19.6m) commitment to the Westbrook Real Estate Fund VII. This was an investment that was approved by the pension fund’s staff and real estate consultant Townsend G...
-
News
Nottingham scheme gets Noble boost
REAL ESTATE - Noble Property Trust – the fund set up last year with an initial £20m (€29m) investment from Nottinghamshire County Council Pension Fund – has reported what it describes as “impressive early gains” in ...
-
News
Swiss foundation tenders real estate
REAL ESTATE – A Swiss investment foundation has tendered $100m+ (€78.7m) in global passively managed publicly traded real estate via IPE-Quest. The search (QN658) says: “The client is looking for a global mandate that will theref...
