All Real Assets articles in October 2006 (Online) – Page 3

  • News

    Metro Pensioenfonds joins Altera Vastgoed

    2006-10-09T00:00:00Z

    REAL ESTATE - Stichting Metro Pensioenfonds has joined Altera Vastgoed as shareholder, the real estate fund has announced. With a participation of €10m in the sectors retail and offices, Metro Pensioenfonds has become its 22nd shareholder, ...

  • News

    European real estate out of "dark ages"

    2006-10-09T00:00:00Z

    REAL ESTATE – Risk management in the real estate sector is finally catching up with other asset classes, says ING Real Estate. "At last, property is coming out of the dark ages. We start to see adequate risk controls in place," s...

  • News

    Pramerica in $500m retail joint venture

    2006-10-09T00:00:00Z

    REAL ESTATE Pramerica Real Estate Investors has formed a $500m (€400m) joint venture with Kite Realty Group to invest in retail properties. The capital will be placed over a four-year period. Around 80% or $400m would be supplied by Prame...

  • News

    Oregon PERF commits $450m

    2006-10-09T00:00:00Z

    REAL ESTATE- The Oregon Public Employees Retirement Fund has approved new commingled fund investments totaling $450m (€357m). The pension fund took these actions at its board meeting on September 27. It’s made commitments to five dif...

  • News

    Greenspan a highlight at AFIRE meet

    2006-10-02T17:10:00Z

    REAL ESTATE – Former Federal Reserve chairman Alan Greenspan thoughts on the economy were one of the highlights at the annual conference of the Association of Foreign investors in Real Estate held in Boston last week.

  • News

    Finnish fund targets European schemes

    2006-10-02T00:00:00Z

    REAL ESTATE - Finnish private equity firm CapMan Oyj last week announced the first closing of a property development vehicle aimed at international pension funds. Seven unidentified funds committed €67m to the CapMan Real Estate II Ky fund,...

  • News

    Nieuwe Steen divests residential portfolio

    2006-10-02T00:00:00Z

    NETHERLANDS – Dutch real estate fund Nieuwe Steen Investments (NSI) will sell its entire residential housing portfolio worth €134m.

  • News

    Mars pension fund sells town centre portfolio

    2006-10-02T00:00:00Z

    REAL ESTATE - The Mars pension fund has sold a hefty retail portfolio in England’s northeast to Halladale for £15.25m (€22.5m). The portfolio comprises much of a town centre in Cleveland, Teesside. Halladale, which is backed...

  • News

    CalPERS’ green fund makes first investment

    2006-10-02T00:00:00Z

    REAL ESTATE - The California Public Employees Retirement System (CalPERS) has acquired a controlling interest in the first investment of its sustainable real estate fund. The Green Development fund, a joint venture with real estate firm Hines, fo...

  • News

    Row erupts over Belgian REIT plan

    2006-10-02T00:00:00Z

    REAL ESTATE – A row has erupted over the Belgian state’s plans for a €1.2bn real estate investment trust. AXA last week filed suit against the state over the government’s recent selection of Cofinimmo as partner in a sicaf...

  • News

    Alaska Permanent approves new strategy

    2006-10-02T00:00:00Z

    REAL ESTATE - The Alaska Permanent Fund Corp. has approved a new real estate strategy to invest less in public real estate and allow a value-added component. The pension fund made these changes as part of real estate resolution 06-07 at its board ...

  • News

    Orange County commits $60m

    2006-10-02T00:00:00Z

    REAL ESTATE - The Orange County Employees Retirement System has approved commitments of $60m into two real estate commingled funds. The pension fund chose to allocate $30m each to AEW Value Investors II, L.P. and Fidelity Real Estate Growth Fund I...

  • News

    UK agency offers 50% of portfolio

    2006-10-02T00:00:00Z

    REAL ESTATE - Advantage West Midlands (AWM), one of the UK’s regional regeneration agencies, is offering a 50% stake in its real estate portfolio in return for funds to develop 47,000 sq metres of real estate. The Birmingham-based agency la...

  • News

    New Jersey commits $300m to Prudential fund

    2006-10-02T00:00:00Z

    REAL ESTATE - The New Jersey Division of Investment has approved an investment of up to $300m (€235m) into the Prudential Property Investment Separate Account (PRISA). The fund took this action at its board meeting on September 21, assisted ...