All Real Assets articles in October 2006 (Online) – Page 2
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News
LA Fire & Police board action on real estate
REAL ESTATE- The Los Angeles Fire & Police Pension System made two real estate decisions at its board meeting on October 5. The first item was to issue an investment of up to $15m to the Genesis Workforce Housing Fund II. The potential return...
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British Airways pension fund sells property
UK – A British Airways pension fund has sold a retail property in Stoke, central England, for £14.3m (€21.2m). Warner Estate Holdings said its Radial Distribution Fund joint venture with Bank of Scotland has bought Radial Point, r...
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Alaska board to invest more in value-added
REAL ESTATE - The Alaska Retirement Management Board, formerly known as the Alaska State Pension Investment Board, has approved a change of its investment strategy to increase its value-added component. The pension fund approved to move its mixtur...
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Germany’s VBL plans Asian property move
REAL ESTATE – VBL, a €12bn pension fund insuring four million German public sector employees, is planning an initial investment in Asia’s property market by the end of 2006. "We currently have 5% of our assets allocated to ...
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RREEF nabs Coca-Cola UK real estate brief
REAL ESTATE - RREEF will run the real estate element of the Coca-Cola Enterprises Pension Scheme. A total of 10% of the scheme’s assets will be invested through the RREE UK Multi-Manager Service. The contract is understood to be in the regi...
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CBRE Investors names Tokyo MD
REAL ESTATE - CB Richard Ellis Investors has named Steven Bass, formerly CEO of Macquarie Properties Japan and previously Director of Acquisitions at CB Richard Ellis Investors Japan, has re-joined the firm as managing director based in Tokyo. I...
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Corio names Jan Haars as new CFO
REAL ESTATE - Jan Haars has been appointed as chief financial officer at Corio, the property investment company has announced. The new CFO will take over from John Kuik, who suddenly left Corio earlier this month, as a result of ‘differenc...
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Texas Teachers to look at three commingled funds
REAL ESTATE - The Teacher Retirement System of Texas will be looking at three commingled funds for possible investment decisions at its board meeting on November 9 and 10. The three commingled funds to be considered are MacFarlane Urban Real Estat...
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Nedlloyd scheme transfers real estate portfolio
REAL ESTATE - Delta Lloyd Vastgoed will take over the direct real estate portfolio of the Nedlloyd Pension Fund, both parties have announced. The transaction involves about 35 blocks of offices, retail centres and housing in the Netherlands, of wh...
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Fortress to float German portfolio
REAL ESTATE – US private equity firm Fortress will on Thursday float part of its German property portfolio, consolidated under the firm Gagfah, on Frankfurt’s stock exchange. Fortress said that on Thursday, it would offer 45 million sh...
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Infrastructure ‘unsuitable and overpriced’
REAL ESTATE - "There is a shortage of ‘boring stable’ infrastructure investment product which is much in demand by institutional investors," according to Jane Welsh, senior consultant at Watson Wyatt. Speaking at the Inves...
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News
Belgian €1.2bn real estate fund in jeopardy
REAL ESTATE - The future of the €1.2bn real estate investment trust agreed between the Belgian government and real estate firm Cofinimmo looked precarious last week amid speculation that the government would re-route property destined for the t...
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News
CalPERS commits $100m to new fund of funds
REAL ESTATE- The California Public Employees Retirement System has made a $100m commitment to the American Value Partners Fund I. This is a commingled fund that has a very unique investment strategy. It will be investing with either emerging real...
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US commercial real estate ‘set for 2007 decline’
REAL ESTATE - The peaking US real estate cycle will start declining from 2007, forcing investors to rethink, according to a study by research group the Urban Land Institute and PricewaterhouseCoopers. The new trend will see investors turning to a...
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News
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...
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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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News
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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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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News
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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News
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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