News – Page 1197
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MIPIM: deals getting done behind the glitz
REAL ESTATE – Behind the glitz of the recent MIPIM annual real estate industry event in Cannes, there were global real estate asset managers imbued with renewed zeal to pursue relationships and deals with investors and suppliers. Talk of MI...
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PREA meeting: let’s talk emerging markets
REAL ESTATE - Emerging markets was the talk of the town at the Pension Real Estate Association Conference in San Francisco on March 8 and 9. This idea was spelled out to all of the 480 attendees at the conference on countless occasions. One of the…
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CBRE loses German chief Piñol
REAL ESTATE - CB Richard Ellis’s Germany managing director and investment advisory services director Guido Piñol is to join Fortress Investment’s German operations as managing director next month. Piñol will head Fortress...
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Three new real estate indices launched
REAL ESTATE – Three new real estate indices have just been launched by Dow Jones’ Stoxx affiliate. Zurich-based Stoxx said the measures are the Dow Jones STOXX 600 Real Estate Index, the Dow Jones STOXX Americas 600 Real Estate Index a...
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Oregon looks at new opportunity funds, REITS
REAL ESTATE- The Oregon Public Employees Retirement Fund has allocated $225m to invest in two opportunity funds and will be pursuing a global REIT strategy later this year. The fund has approved a $100m investment into the IL&FS India Realty F...
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UCITS door ajar for open-ended funds
REAL ESTATE - The European Parliament’s Committee on Economic and Monetary Affairs has called for a pan-European investment framework for open-ended real estate funds. The move follows a report issued by the Committee of European Securities ...
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New Jersey to invest $1.6bn in two years
REAL ESTATE - The New Jersey Division of Investment has allocated $1.6bn (€1.3bn) to be invested in real estate over the next two years – that’s $675m in fiscal 2006 and $900m in the next year. This allocation comes from an alloc...
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AP3 to raise global real estate allocation
REAL ESTATE - Swedish national buffer fund Tredje AP-fonden, AP3, is to boost its long-term real estate allocation to 8.5% - at least half of it in overseas property. The public sector buffer fund said the increase - from a current allocation of ...
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Real estate returns 21% for Ontario Teachers
REAL ESTATE – The $96.1bn (€67.7bn) Ontario Teachers’ Pension Plan made a 21.3% return on its real estate portfolio in 2005. The figure compared to a 6.2% return for the benchmark. “Real estate, managed by the Cadillac F...
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Sponda results signal Finnish recovery
REAL ESTATE - Helsinki’s office market is showing the first signs of recovery, though it remains vulnerable to short-lease expiries, according to Merrill Lynch. In research note issued by the bank on Finnish property management firm Sponda,...
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Germany’s DEGI sees commercial recovery
REAL ESTATE – A new study by German property fund provider DEGI has provided further evidence of a recovery in the domestic commercial real estate market yet also questions the sustainability of that recovery. According to the study, demand ...
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Louisiana Teachers’ €600m move
REAL ESTATE – The Teachers’ Retirement System of Louisiana has allocated a total $600m (€503m) to three open-ended core commingled fund real estate managers. Each of these managers will receive a $200m commitment. They are Pramer...
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NY teachers back Penwood fund
REAL ESTATE - Penwood Real Estate Management has attracted $100m (€84m) in equity for its first commingled fund called California Select Industrial Partners. The capital came from two public pension funds contributing $50m each: one of these...
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Online property derivatives trade in offing
REAL ESTATE - Independent pricing provider Tullet Prebon and e-trading firm Propex are teaming up to deliver the first real estate derivatives trading platform. Under the partnership agreement, Propex, the main data exchange for real estate-holdi...
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Morley, CBRE launch global REITs fund
REAL ESTATE - Morley and CB Richard Ellis will jointly launch a global REIT fund. The Aviva Funds Global REIT fund, the sub-fund of a Luxembourg SICAV, will invest in listed real estate securities in markets with REITs. The partners said the REIT...
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ABP and ATP in UK real estate venture
REAL ESTATE – The Netherlands’ ABP and Denmark’s ATP have signed up for a £500m (€724m) real estate joint venture. The civil service and labour market funds have teamed up with the management team of Hemingway Properti...
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Pension funds back new Morgan Stanley fund
REAL ESTATE – Major pension funds around the world have invested in the new Morgan Stanley global real estate fund, the bank says. It said it has raised $4.2bn (€3.53bn) of equity for its Morgan Stanley Real Estate Fund (MSREF) V Inter...
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Irish construction scheme ups allocation
REAL ESTATE - The Construction Federation Operatives Pension Scheme (CFOPS), the Irish builders’ fund, has boosted its real estate allocation by 2% with a move into indirect investment. Until last year the €570m fund held 10% of its po...
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San Bernardino in new allocation
REAL ESTATE – California’s San Bernardino County Employees Retirement Association has awarded separate account manager American Realty Advisors a new $25m allocation and approved a new value-added strategy. The real estate manager has ...
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David Hunter joins Halladale as consultant
REAL ESTATE - Halladale has appointed former Aberdeen and Arlington managing director David Hunter as a consultant to Rynda, its majority-owned fund management business. The UK commercial property group set up Rynda last year to expand its co-inv...
