All Real Assets articles in November 2006 (Online)
View all stories from this issue.
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News
ING launches Eurosiris fund of funds
REAL ESTATE - ING Real Estate Select has launched a fund for investors who want to allocate their assets in continental Europe, it announced.
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Ontario Teachers take to the seas
REAL ESTATE - The Ontario Teachers Pension Plan has acquired four marine container terminals for US$2.4bn (€1.8bn). The acquisition, from Hong Kong’s Orient Overseas (International), comprises New York’s Staten Island, a terminal in...
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PWC names global real estate head
REAL ESTATE – PricewaterhouseCoopers has named Marc Saluzzi as the new global head of its investment management and real estate group. He replaces Simon Jeffreys, who left in early October to join Fidelity International as chief administrati...
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Ipswich council pitches regeneration project
REAL ESTATE - Ipswich local authority in eastern England is to seek pension fund investment in a regeneration project comprising retail, leisure and possibly residential real estate. The plans – which have yet to be approved by the council&...
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Virginia Retirement System invests in commingled
REAL ESTATE - The Virginia Retirement System has approved investments in three new commingled funds. The total amount invested is $410m. It made two commitments to core commingled funds. One of these was a $175m commitment to the Strategy Proper...
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Pension funds still bullish on UK, rest of Europe
REAL ESTATE - European pension fund managers still plan to invest in the UK and continental real estate markets despite a widespread downward revision of expectations, according to an in-house poll of pension fund managers conducted by ING Real Estat...
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ABP’s role in real estate firm Corio queried
NETHERLANDS – Dutch pension giant ABP risks being drawn into a row over the management of real estate firm Corio, in which it has a 39% stake. Former Corio board members have in the past few days urged the current board to replace the manage...
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New Jersey makes $425m commitment
REAL ESTATE - The State of New Jersey Division of Investment has approved commingled fund real estate investments totaling $425m. One of these investments was made with a manager that the pension fund had already made a commitment to. This was wi...
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Texas Teachers commit $300m
REAL ESTATE - The Teacher Retirement System of Texas has approved three investments in real estate commingled funds totaling $300m. The pension fund took these actions at its board meeting earlier this month. The three investments are up to $75m ...
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Washington State approves $1.29bn for real estate
REAL ESTATE- The Washington State Investment Board has approved four real estate investments totaling $1.29bn of new capital. The pension fund made these decisions at its board meeting on November 16. All of the commitments were made with manager…
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Fountain founder Sonden joins SocGen
EUROPE - Erik Sonden, the former head of European real estate investment banking at Deutsche Bank who co-founded Fountain Capital partners in 2002, has joined Société Générale. Sonden told IPE Real Estate: "I joined S...
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Citigroup hires Findlay-Shirras
EUROPE - Citigroup Property Investors has hired Alasdair Findlay-Shirras from Henderson Global Investors as director of business development for Europe. "It is my pleasure to announce that Alasdair Findlay-Shirras has joined Citigroup Propert...
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German real estate market ‘overregulated’
REAL ESTATE – The German real estate market is overregulated, the German Real Estate Forum in Frankfurt was told last week. "We need to remove from Germany the need to regulate and overregulate," said Sam Zell, chairman of the bo...
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Exceptional demand seen for Russian real estate
REAL ESTATE - Demand for Russian commercial real estate is "exceptionally high", driven by eight years of strong macro growth and a meagre supply of modern buildings, according to a report from ResearchWorldwide. The report claimed ec...
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Cordares eyes international property pooling
REAL ESTATE - Pensions provider Cordares says it’s considering setting up direct real estate pooled funds with pension funds abroad as a way to diversify risks. At the moment, the €23bn pensions and asset manager, is discussing a coope...
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Real estate ripe for global investment - Schroders CIO
REAL ESTATE – The real estate market is "ripe" for a more global investment approach, says Schroders’ investment chief Alan Brown. "We have indeed seen a global property boom that has spread to many parts of the world...
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Ohio PERS puts cash into international funds
REAL ESTATE- The Ohio Public Employees Retirement System is on its way with its investment plan for investing in international real estate. The pension fund has now made commitments to three international investment funds. These are $80m to Black...
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CalPERS names Eliopoulos as real estate head
REAL ESTATE - The California Public Employees Retirement Scheme (CalPERS) last week appointed Ted Eliopoulos senior investment officer for real estate. The appointment ends several months of interim in-house management after the previous incumben...
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JP Morgan to buy Columbia Equity Trust
REAL ESTATE - JP Morgan Asset Management has signed a definitive agreement to acquire Columbia Equity Trust. The deal is set to completed sometime during the first quarter of 2007. Should this deal go through, it will represent the first time the...
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Drever raises capital for new apartment fund
REAL ESTATE - Drever Partners will have a first closing at the end of November for its apartment investment fund, Concierge Apartment Fund. The company is expecting that it will have raised $100m of the $250m of equity it’s hoping to attract t...
