All Real Assets articles in October 2006 (Online)
View all stories from this issue.
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Smaller schemes chase ‘more liquid’ property
REAL ESTATE - Robin Goodchild, head of European investment at property firm LaSalle, this week urged large pension funds to invest directly in real estate and claimed smaller ones were re-thinking their lack of exposure.
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Manila property sell-off for soldiers’ pensions
REAL ESTATE - The Philippines army is to sell its massive real estate portfolio to fund pay-outs to retired service personnel. Real estate – including golf courses and at least one country club – and property equities make up P9.6bn (...
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Hearthstone to market next investment fund
REAL ESTATE - Hearthstone will be marketing its next single-family investment fund after the first of the year. The name of the fund is Path of Growth Investors II. The company’s Chief Financial Officer Mark Porath said: "We are now i...
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ING Real Estate nabs IPF’s Follows
REAL ESTATE - Pension fund demand for pan-European assets has driven ING Real Estate to boost its research team with a new UK head of research and forecasting. Charles Follows, currently research director at the Investment Property Forum, will join I...
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PREA conference report
US real estate is riding the crest of the wave now – the question is, for how long? This was the conclusion of speakers and delegates at the Pension Real Estate Association (PREA) annual plan sponsor real estate conference held in Washington DC...
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Cordea seeks pension fund backing for land fund
REAL ESTATE - Cordea Savills is to raise £50m (€74.5m) from pension funds to invest in acquiring and parcelling land for residential development. Spokesman Steve Taylor said Cordea’s second opportunistic fund would target both pe...
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Asian listed grouping looks to widen scope
REAL ESTATE - The Asian Public Real Estate Association (APREA) has made progress in its representations on local market practice in Singapore. It is now looking to develop its activities across the region, with the appointment of a new chief exec...
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US pension funds bank on Europe, Asia
REAL ESTATE - Cash-rich US pension funds are driving a move by real estate funds into European markets. RREEF’s Real Estate Opportunities Funds Group has raised $1.6bn in the final closing of a fund designed to US institutional investors ex...
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CalSTRS sets up Texas apartments venture
REAL ESTATE - The California State Teachers Retirement System has created a joint venture with Trammell Crow Residential to develop the 452-unit Alexian at Fitzhugh apartment complex in Dallas. The total amount of capital in the venture is $63m....
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Sacramento County makes new allocation
REAL ESTATE - The Sacramento County Employees Retirement System has awarded Cornerstone Real Estate Advisers a new $15m allocation for its separate account relationship. This action was taken at its board meeting on October 19. The pension fund m...
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Allianz acquires Laing in push for PFI
REAL ESTATE - German pensions and insurance giant Allianz last week outbid Henderson Global Investors to acquire John Laing, the UK infrastructure firm, for £957.5m (€752.5m). Allianz hopes the acquisition – which is subject to r...
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More problems at ING’s ill-fated Polish project
REAL ESTATE - A year after ING Real Estate fired development chief executive Paul Trip over delays in Warsaw’s Zlote Tarasy retail centre, it has reported that the centre will not open on schedule in November. The latest delay – with ...
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IPD opens to smaller pension funds
REAL ESTATE – Real estate data firm IPD has launched a new property information service on UK real estate aimed at smaller pension funds. IPD said Property Intelligence, which will also target charities and retail investors, caters to the re...
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GFI launches HK property derivatives market
REAL ESTATE - US broker GFI has launched a joint venture to broker Hong Kong property derivatives to banks, funds and property companies. GFI has already set up a similar property derivatives venture in London with CB Richard Ellis. However, in t...
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Land Securities’ operating chief exits
REAL ESTATE - Land Securities last week announced the unexpected departure of chief operating officer Mark Collins, in what a spokeswoman described as "a positive endorsement" of its restructuring programme. In a statement, EuropeR...
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BGP Properties to market new investment fund
REAL ESTATE - BGP Properties has begun to seek investors for its next investment fund, BGP Investment Partnership Fund VIII, L.P. The company will seek to raise around $650m-$750m. The company expects a great deal of repeat investors in the new f...
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University of California amends real estate plan
REAL ESTATE - The University of California has decided to make some changes to its real estate investment program. The institutional investor has chosen to reduce its amount for core investments and increase its mixture of enhanced and high return...
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ABP’s new HK office to focus on real estate
REAL ESTATE – Dutch pension giant ABP, at €201bn Europe’s largest pension fund, has announced a launch date and the key executives for its new Hong Kong office – revealing a real estate focus for the new office. By January ...
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Aareal in German residential move
REAL ESTATE – Aareal Asset Management has acquired a substantial residential portfolio for the Aareal German Residential Fund. The portfolio, comprising of about 1,400 units, was sold by a subsidiary of German insurer Allianz Group, represe...
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Oregon allocates $300m to international REITs
REAL ESTATE - The Oregon Public Employees Retirement Fund has allocated a total of $300m to three international REIT managers. This capital was split up with $150m going to Morgan Stanley Real Estate, $75m to European Investors and $75m to Presima...
