All Real Assets articles in November 2006 (Online) – Page 2

  • News

    LA County scheme takes action

    2006-11-20T00:00:00Z

    REAL ESTATE - The Los Angeles County Employees Retirement Association had two real estate related investment items at its board meeting on November 8. One of these was to approve a manager investment plan for Tri-Pacific Residential Investors One,...

  • News

    CBRE trust to raise $2bn for US, overseas property

    2006-11-20T00:00:00Z

    REAL ESTATE - CB Richard Ellis Realty Trust, a US subsidiary of CBRE Investors, is to offer shares worth $2bn in a bid to raise funds for investment across domestic and overseas property segments. CEO Jack Cuneo said the offering was aimed at por...

  • News

    Mercer: patience a virtue in infrastructure

    2006-11-13T00:00:00Z

    REAL ESTATE – Investment consulting firm Mercer is telling its pension fund clients that patience and due diligence are virtues when it comes to investing in infrastructure. "Our advice to investors is be patient," said senior as...

  • News

    Pension fund interest in Knight Frank’s Rutley

    2006-11-13T00:00:00Z

    REAL ESTATE - Rutley Capital Partners, the private equity arm of estate agency Knight Frank, is to float its European investment fund on the London Stock Exchange this month to raise funds for its planned £600m (€890m) property portfolio....

  • News

    Shetland Islands tenders for UK real estate

    2006-11-13T00:00:00Z

    REAL ESTATE - The Scottish Shetland Islands local authority pension fund is to hire a real estate investment manager to invest £20m—40m (€29.7m—59.3m) in UK property. Gavin Mackintosh of Hymans Robertson, which is advising …

  • News

    IPE-QUEST: Dutch pension fund tenders real estate

    2006-11-13T00:00:00Z

    NETHERLANDS – A Dutch industry-wide pension fund has tendered a c.€75m euro zone real estate mandate via IPE-Quest. The search (QN676) states: "The client is looking for a manager for an active (low risk) real estate mandate. The...

  • News

    CBRE launches US property derivatives market

    2006-11-13T00:00:00Z

    REAL ESTATE - A year after they set up a market for real estate derivatives in the UK, CB Richard Ellis and derivatives broker GFI have done it again – this time in the US. GFI’s Phil Barker, who will staff the venture’s New Yor...

  • News

    CalSTRS looks into infrastructure investment

    2006-11-13T00:00:00Z

    REAL ESTATE - The California State Teachers Retirement System is taking a look at making infrastructure part of its overall investment strategy, although no formal policy has been established yet. The fund had an educational session on this invest...

  • News

    USS backs new student housing fund

    2006-11-13T00:00:00Z

    REAL ESTATE - The Universities Superannuation Scheme is among the institutional backers for a new £515m (€764m) student accommodation fund being launched by real estate firm Unite Group. Unite said the new UK Student Accommodation Fund ...

  • News

    Arlington nabs Altera Vastgoed’s Kapiteyn

    2006-11-13T00:00:00Z

    REAL ESTATE - Arlington Securities has appointed Gert-Jan Kapiteyn as research director at its Amsterdam office. Kapiteyn was previously research manager for Altera Vastgoed, one of the Netherlands’ largest real estate funds. His appoint...

  • News

    Illinois Teachers sets international allocation

    2006-11-13T00:00:00Z

    REAL ESTATE - The Teachers’ Retirement System of the State of Illinois has set a 4% allocation for investing in international real estate. This will give the pension fund $200m (€156m) of capital to invest in this sector. The pension ...

  • News

    Hesse sells €770m of real estate

    2006-11-13T00:00:00Z

    REAL ESTATE – Austrian real estate firm CA Immo has confirmed that it is close to purchasing €770m worth of properties owned by the German state of Hesse. "We are in the final stages of the bidding process," CA Immo said on...

  • News

    Washington State to invest $250m with Fillmore

    2006-11-13T00:00:00Z

    REAL ESTATE - The Washington State Investment Board has decided to invest $250m with Fillmore Capital Partners through its Fillmore Strategic Partners entity. This is the second time that the pension fund has invested in Fillmore Strategic Partner...

  • News

    Warburg Pincus raises $1.2bn for real estate fund

    2006-11-13T00:00:00Z

    REAL ESTATE - Warburg Pincus has raised $1.2bn of equity for its first dedicated real estate investment fund - the commingled fund is Warburg Pincus Real Estate I, L.P. The global private equity firm attracted capital from some of the largest pens…

  • News

    German government green lights REITs

    2006-11-06T00:00:00Z

    REAL ESTATE – Germany’s federal cabinet has approved the legalisation of German real estate investment trusts (G-REITs) from January 1, though, as reported, the vehicles will not include residential property. The relevant draft law now...

  • News

    UK REITs final draft released

    2006-11-06T00:00:00Z

    REAL ESTATE - The UK government has formally laid out the REITS legislation that will come into force at the beginning of 2007. The regulations, as presented last week to the UK parliament, laid out the conditions for "10% condition"...

  • News

    CBRE Investors hires China head

    2006-11-06T00:00:00Z

    REAL ESTATE - CB Richard Ellis Investors last week progressed its Asian expansion with the long-awaited appointment of a managing director for its China operations. Hao Zhou, former president and managing partner of the Yangtze Special Situations...

  • News

    Principal buys central San Francisco office

    2006-11-06T00:00:00Z

    REAL ESTATE - Principal Real Estate Investors has made its acquisition of 333 Market Street its first office building purchase in the central business district of San Francisco. The real estate manager had its Managing Director Mark Hanrahan work ...

  • News

    European growth boosts Lasalle revenues

    2006-11-06T00:00:00Z

    REAL ESTATE - Jones Lang Lasalle last week reported operating income of $37.3m for Q3 2006 – a 40% increase over the same period of 2005. The firm also posted Q3 revenues of $462m, a 42% increase over Q3 2005. Europe, the Middle East and A...

  • News

    New board at Bouwfonds

    2006-11-06T00:00:00Z

    NETHERLANDS – Rabobank is replacing the board members of the Bouwfonds property development, which it is about to acquire from ABN Amro for €845m. Rabo, which expects to complete the deal with ABN Amro on December 1, said that the fund...