News – Page 942
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CalPERS unveils real estate plan for 'emerging' fund managers
Managers must have less than $1bn in AUM and have handled no more than three funds.
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Strong demand for Polish secondary property bucks European trend
First-half secondary take-up in Warsaw office market increases 46% compared with last year.
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Student accommodation group UNITE to offload €172.5m of property assets
UK group to sell off assets over next 18 months in bid to streamline portfolio.
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Office sector leads European property market in second quarter
Cushman & Wakefield study shows office investment increasing by 10% quarter on quarter.
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Pramerica enters joint venture to invest in German residential property
Teams up with principals of Kauri CAB Management to invest in apartment blocks in Berlin.
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CalPERS lowers interim target for real estate investment to 8%
Changing market conditions compel fund to lower target closer to current allocation.
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Qatari SWF defeats Wellcome Trust in bid for London Olympic Village
Bid valued at £557m is joint venture with UK property business Delancey.
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CBRE expects stable interest in US real estate despite debt crisis
High-risk investors will opt for higher risk opportunities in current climate.
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Canadian pension fund snaps up Danish department store
Scheme acquires property through joint venture with private equity firms MGPA, Partners Group.
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Pension funds pile into Pramerica fund targeting UK ground rents
News comes weeks after Aviva launched similar fund targeting DB pension schemes.
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Property deal roundup: Aviva Investors, nabInvest, Westfield Group, Gruppo Stilo, Pramerica
Aviva Investors sells Aviva Investors Australia to nabInvest for undisclosed sum.
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Open-ended funds losing ground to German Spezialfonds – survey
Half of institutional investors to liquidate holdings in next month, says Schroder Property.
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Industry experts fret over 'euphoric' German property market
ZitelmannPB Real Estate Stock Barometer identifies 'sombre' sentiment of -0.1.
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Czech commercial property delivers strong first-half results
But Colliers warns euro-zone exposure still leaves market vulnerable to shocks.
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Property investors willing to take risks – but not on fund managers
Investors commit capital only to well-established fund managers with strong track records.
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Westport Capital offloads healthcare portfolio to unnamed investor
US-based, distressed-asset private equity firm sells portfolio for $83m.
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Saigon Asset Management to raise new energy fund for Asia
Saigon Asset Management to invest in energy projects in Vietnam, Cambodia and Laos.