Nyree Stewart

  • News

    Tesco moves to release value from property portfolio

    2010-07-08T14:08:00

    LONDON – Tesco has agreed a second sale and leaseback of properties with the Tesco Pension Fund Trustees in an effort to release value from its property portfolio.

  • News

    Strathclyde to increase focus on RI in property review

    2010-03-22T12:24:00

    UK – Strathclyde Pension Fund's current review of its property portfolio will include 'further consideration' of the application of its responsible investment (RI) strategy.

  • News

    Pension funds to up focus on 'creeping' climate change

    2009-11-23T15:45:00

    EUROPE – A group of UK-based institutional investors, including the Universities Superannuation Scheme (USS), has urged investors to engage with companies and policymakers on the issue of climate change adaptation, and to incorporate the related risks into their analysis and decision-making.

  • News

    Tesco continues property deals with pension funds

    2009-10-12T17:40:00

    UK – Tesco has formed a fourth joint venture with a UK pension fund to sell and leaseback property assets, in an effort to release value from its property portfolio.

  • News

    Hampshire to target UK property in next 12 months

    2009-09-14T13:30:00

    UK – Hampshire County Council is looking to almost double its pension fund's exposure to UK commercial property over the next year to meet the 8% target allocation agreed before the market downturn.

  • News

    Camden to consider real estate increase

    2009-09-07T10:45:00

    UK – The London Borough of Camden is considering the next stage of the restructure of its pension fund investment portfolio including a potential increase in property.

  • News

    Tesco pension gets £500m property as every little helps £1bn deficit

    2009-04-27T16:20:00

    UK – Tesco has revealed its pension deficit increased to £1.1bn (€1.2bn) by the end of February 2009, so the firm has pledged £500m of property to the scheme as contingent assets in a bid to improve its financial security.

  • News

    AP3 completes venture into public real estate

    2009-04-16T16:23:00

    SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, has completed the purchase of a 50% stake in Hemsö a subsidiary of the real estate firm Kungsleden AB.

  • News

    Norway-Global faces delay on real estate move

    2009-04-06T16:44:00

    NORWAY – The Government Pension Fund – Global has warned market conditions and the need for new rules means it is unlikely to reach its 5% allocation to real estate for "several years".

  • News

    Real estate helps limit Ilmarinen losses

    2009-02-26T16:25:00

    FINLAND – Real estate investments helped limit losses by the Finnish pension fund Ilmarinen as it reported an overall loss of €4.34bn in 2008.

  • News

    Goodman and L&G raise equity for ABPP

    2009-01-06T15:45:00

    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

    North Yorks awards ING global property mandate

    2008-11-27T17:15:00

    UK – North Yorkshire County Council has agreed to appoint ING Real Estate as global property manager for its £1.07bn (€1.26bn) local government pension fund.

  • News

    Capri goes international

    2008-07-11T09:50:00

    UNITED STATES - Capri Capital Partners has expanded its efforts to international real estate with its plans to develop a $2bn (€1.27bn) mixed-use project in Saudi Arabia.

  • News

    Sweden sells €4.4bn real estate arm to AP

    2008-07-07T10:00:00

    SWEDEN – The Swedish government has agreed to sell the state-owned real-estate company Vasakronan to AP Fastigheter in a deal valued at SEK 41.1bn (€4.4bn).

  • News

    Berks to increase alternatives exposure

    2008-06-30T16:56:00

    UK – The £1.49bn (€1.88bn) Royal County of Berkshire Pension Fund has confirmed its intention to move into infrastructure, with the issue of a new manager tender.

  • News

    NPRF targets Irish infrstructure

    2008-06-25T13:45:00

    IRELAND – The National Pension Reserve Fund (NPRF) has reaffirmed its desire to invest at least €200m in domestic public sector infrastructure projects, particularly as there is likely to be a shortage of assets for these projects going forward.

  • News

    Norway to push sustainability in real estate

    2008-06-23T17:16:00

    NORWAY – The Norwegian Ministry of Finance has issued a public consultation on the evaluation of ethical guidelines for the Government Pension Fund – Global, which reveal environmental concerns will be an important factor in the management of its real estate portfolio.

  • News

    Teesside offers £1.75m direct property mandate

    2008-06-06T15:00:00

    UK - Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.

  • News

    LGPI allocates €75m to Asian property

    2008-05-21T17:00:00

    FINLAND – The Finnish Local Government Pensions Institution (LGPI)has invested $75m (€48m) into an Asian real estate fund of funds managed by Aberdeen Property Investors (API).

  • News

    Bank of Finland scheme awards real estate mandate

    2008-05-15T10:26:00

    FINLAND – Suomen Pankki, the Bank of Finland Pension Fund, has awarded Aberdeen Property Investors a real estate mandate valued at approximately €10m.

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