News – Page 981

  • News

    LPFA could start wave of investment in UK housing

    2010-05-24T16:00:00Z

    UK – The £3.5bn (€4bn) London Pension Fund Authority (LPFA) could be the first in a number of UK pension funds investing in the residential real estate sector.

  • News

    Texas Teachers to target core US real estate through Lionstone

    2010-05-20T17:29:00Z

    UNITED STATES – Teacher Retirement System of Texas has formed Lionstone Cash Flow Real Estate Partners One, a fund managed by Houston-based The Lionstone Group.

  • News

    Canada Pension Plan steps up global spending spree

    2010-05-20T17:13:00Z

    GLOBAL – Canada Pension Plan Investment Board (CPPIB) has made its first ever investment in Manhattan through a joint venture with SL Green Realty Corporation, and established an Australian real estate development fund with Goodman Group.

  • News

    Crisis model includes real estate for first time

    2010-05-20T16:50:00Z

    GLOBAL – A crisis forecasting model developed for banking regulators has included property prices as a key risk factor for the first time.

  • News

    Whitbread property plugs pension gap

    2010-05-20T16:44:00Z

    UK – based hotel and restaurant group Whitbread is to siphon income from some of its property assets to plug £100m (€115.6m) of its £434m pension deficit.

  • News

    Nottingham PF sells ‘too big’ retail park

    2010-05-20T16:37:00Z

    UK – A listed company specialising in edge-of-town and out-of-town retail has acquired assets from Nottingham local authority pension fund and Xerox Pensions for a total of £22.7m (€26.3m).

  • News

    Norway-Global could choose to go direct

    2010-05-20T16:31:00Z

    NORWAY – The Norway Government Pension Fund’s appointment of State Street as real estate fund administrator, including joint venture services, has led to speculation that the sovereign wealth vehicle will invest directly in global property markets.

  • News

    Oregon signs up to Vornado value-add club fund

    2010-05-17T17:00:00Z

    UNITED STATES – Oregon Public Employees Retirement Fund has approved a $100m (€78.7m) commitment to the Vornado Capital Partners investment fund.

  • News

    East Riding gains indirect exposure to healthcare development

    2010-05-17T16:30:00Z

    UK – A listed healthcare property fund that has the £1.6bn (€1.86bn) East Riding local authority pension scheme as its third largest investor last week acquired a primary care health centre development for £5.7m.

  • News

    BVI issues open-ended counter-proposal

    2010-05-17T16:00:00Z

    GERMANY - The German Investment and Asset Management Association (BVI) has weighed into the debate over mooted restrictions on open-ended funds, sparked by a federal ministry proposal that would require property valuations to be cut by 10%.

  • News

    Illinois State doubles ING Clarion account

    2010-05-17T16:00:00Z

    UNITED STATES – Illinois State Board of Investment has allocated an extra $200m (€155m) to its existing separate account mandate with ING Clarion Partners as it seeks to increase its real estate exposure.

  • News

    Banks will ‘drip feed, not dump’ property assets

    2010-05-17T16:00:00Z

    UK – More banks will offload their real estate assets via joint ventures with property companies – then drip-feed those left over, according to John Danes, Aberdeen’s head of UK research and investment strategy.

  • News

    VR Pension buys Tampere hotel development

    2010-05-17T16:00:00Z

    FINLAND – VR Pension, the €920m Finnish state railway workers pension scheme, has agreed a joint venture with Stockholm-based hotel firm Scandic to build a hotel in the centre of Tampere, Finland’s second largest city.

  • News

    German nursing home fund targets smaller pension investors

    2010-05-17T16:00:00Z

    GERMANY – Small pension funds from outside Germany will invest in a fund dedicated to German nursing homes, according to fund manager Felix von Braun, a former managing director of Savills.

  • News

    Macro drives Euro growth as UK confidence boosts non-listed funds

    2010-05-13T17:40:00Z

    EUROPE - Broad recovery in European property markets raises the prospect that markets such as Denmark and the Netherlands could escape the cyclical downturn altogether.

  • News

    Investors look past prime to secondary assets

    2010-05-13T17:30:00Z

    EUROPE - European pension funds will look to secondary assets in search of higher returns as economies recover across the region, according to Simon Mallinson, director of research at Invesco.

  • News

    Norwegian oil fund appoints PE property manager

    2010-05-13T15:30:00Z

    NORWAY - Karsten Kallevig is to manage the planned NOK140bn (€16.6bn) property portfolio of the €346bn Norwegian Global Pension Fund. The Tokyo-based partner in real estate private equity firm Grove will join the fund early in September.

  • News

    Chinese investors buy back residential after pricing policy move

    2010-05-13T15:20:00Z

    CHINA - A group of Chinese investors has acquired a prime serviced residential block in Shanghai from SEB Asset Management (SEBAM)’s Asian property SICAV – the latest deal in a trend for Asian investors to replace capital from European and US pension funds.

  • News

    Premature redemptions point to nervous German investors

    2010-05-10T17:00:00Z

    GERMANY – Redemptions in open-ended real estate funds, sparked by a German ministerial report proposing a 10% cut in property valuations, have caused some managers to re-freeze funds. But fund managers have blamed the latest spate of redemptions on market nervousness rather than a sensible reaction to talk of reform.

  • News

    BarCap to sell stake in university housing arm

    2010-05-10T16:30:00Z

    UK – Barclays Capital is to sell part of University Partnerships Programme (UPP), its on-campus student accommodation manager, in a bid to raise £800m (€933m) for projects that will double the size of its portfolio.