News – Page 1115
-
News
Rene Tremblay joins Caisse de Depot
CANADA – Caisse de dépôt et placement du Québec, manager of public pension plans in Québec, has appointed Rene Tremblay as executive vice-president of real estate.
-
News
Over-exposed Alaska Retirement issues redemption queues
UNITED STATES – Alaska Retirement Management Board (ARMB) is to issue $103m (€76.3m) of redemption queues on three open-ended commingled funds as its allocation to real estate exceeds its strategic target.
-
News
Illinois State Universities to capitalise on 2009 opportunities
UNITED STATES – State Universities Retirement System of Illinois has entered into the opportunistic real estate space by making a $40m (€29.4m) commitment to the Dune Real Estate Fund II.
-
News
Barclay made associate at Nordic Retail Fund
EUROPE – Protego Real Estate Investors has appointed Calum Barclay as an associate within its Nordic Retail Fund, it was announced this week.
-
News
Goodman and L&G raise equity for ABPP
GLOBAL – Australia’s Goodman Group and the UK’s Legal & General have raised £350m (€383m) of equity for real estate fund Arlington Business Park Partnership (ABPP).
-
News
EDHEC launches French index
FRANCE – French business school EDHEC has launched a monthly index for commercial property in France with the help of the Institut de l'Epargne Immobilière et Foncière (IEIF), an independent French real estate research institute.
-
News
Hypo Real Estate faces claims for damages
GLOBAL – Pension funds are making the first claims for damages against Hypo Real Estate (HRE) for failing to reveal its financial difficulties sooner.
-
News
UniCredit sells Italian bank assets to new fund
ITALY – Italian bank UniCredit has sold 72 commercial properties worth approximately €800m to a real estate investment fund run by Italian fund manager Fondi Immobiliari Italian (Fimit).
-
News
Ohio PERS looks to 2009
UNITED STATES - Ohio Public Employees Retirement System has approved an annual real estate investment plan for 2009 which will see some fresh investments but will eventually lead to more properties being disposed of.
-
News
Eurex sets the date for property futures
EUROPE – Eurex, the derivatives exchange, is to launch Europe’s first property futures in February 2009, despite the economic turmoil.
-
News
Ohio Police and Fire quenches real estate blaze
UNITED STATES - Ohio Police and Fire Pension Fund has found it can only allocate $50m (€36.1bn) to real estate investing for the entire of 2009.
-
News
CalSTRS joint venture gains new financing
US – First Industrial, the North American Real Estate Investment Trust (REIT), has arranged a new $110m (€78.6m) debt facility for its ventures with the California State Teachers’ Retirement System (CalSTRS).
-
News
ProLogis steps up to support European Properties
US – ProLogis, the international logistics developer, has stepped in to help ProLogis European Properties (PEPR) by buying a 20% interest in the ProLogis European Properties Fund II (PEPF II).
-
News
DTZ goes for share-raising or bust
GLOBAL – DTZ is planning to raise up to £55m (€59.2m) of equity through new shares in a bid to help the company survive the economic downturn and avoid going into administration.
-
News
British Land fills top role
UK- British Land, the second-largest Real Estate Investment Trust in the UK, has appointed Chris Grigg, former Barclays chief executive, as its CEO.
-
News
Pension funds could snap up UK airports
UK – Pension funds could be in the running to buy Gatwick, Stansted and Edinburgh airports as the Competition Commission has announced the British Airport Authority (BAA) must sell to generate greater competition and improve its service standards across UK airports.
-
News
CPPIB buys into Turkish retail
CANADA - The Canada Pension Plan Investment Board (CPPIB) has invested €250m of equity in a Turkish retail fund.
-
News
NAREIM fears loss of carried interest CGT
US – The National Association of Real Estate Investment Managers (NAREIM) fears the new US presidential administration will make changes to the way carried interest is taxed and make real estate a less attractive investment and deterring entrepreneurs from taking risks.
-
News
Fees transparency is improving - INREV
GLOBAL– European non-listed real estate funds are rapidly making their fee structures more transparent for investors and fund managers, according to the latest research by the European Association for Investors in Non-listed Real Estate (INREV).
-
News
Real estate consultant folds Spanish offices
SPAIN – King Sturge España, the Spanish subsidiary of British property consultants, King Sturge, has filed for administration this week.
