People News – Page 67
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Purdon arrival to drive AREIT growth
MIDDLE EAST – AREIT Management Limited, manager of the Arabian Real Estate Investment Trust (AREIT), has appointed Chris Purdon as chief investment officer (CIO) as part of the firm’s plans to tap iopportunities in the Middle East region.
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JPM’s Schwab moves to Abu Dhabi
GLOBAL – The Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund, has hired Bill Schwab as global head of real estate, it was announced last week.
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Rene Tremblay joins Caisse de Depot
CANADA – Caisse de dépôt et placement du Québec, manager of public pension plans in Québec, has appointed Rene Tremblay as executive vice-president of real estate.
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Barclay made associate at Nordic Retail Fund
EUROPE – Protego Real Estate Investors has appointed Calum Barclay as an associate within its Nordic Retail Fund, it was announced this week.
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British Land fills top role
UK- British Land, the second-largest Real Estate Investment Trust in the UK, has appointed Chris Grigg, former Barclays chief executive, as its CEO.
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Real estate consultant folds Spanish offices
SPAIN – King Sturge España, the Spanish subsidiary of British property consultants, King Sturge, has filed for administration this week.
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CalPERS fills the top slot
US – The California Public Employees’ Retirement System (CalPERS) has appointed Anne Stausboll as the pension fund’s new chief executive officer (CEO).
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Pru relocates its real estate divisions
US - Prudential Financial is integrating its Real Estate and Relocation businesses as Prudential Real Estate and Relocation Services Inc, in a bid to streamline the firm’s business and operational services.
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AP1 seeks real estate advice
SWEDEN - Första AP-Fonden (First Swedish National Pension Fund AP1) has announced it is looking to appoint investment managers as part of its new international real estate strategy.
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IVSB appoints its first chair
UK/GLOBAL – Chris Thorne, technical head of valuation at property consultants Atisreal, has been appointed the chairman of a new International Valuation Standards Board (IVSB).
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CBRE reveals new face in Poland
POLAND – CB Richard Ellis Group Inc. (CBRE) has appointed Charles Wardroper as the managing director of its business in Poland.
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Aberdeen sells Belgian real estate operation
BELGIUM - BNP Paribas Real Estate Property Management has announced it is acquiring Aberdeen Property Investors Belgium.
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ING REIM to cut UK jobs
UK - ING Real Estate Investment Management (ING REIM) has announced up to one-fifth of its staff in the United Kingdom face redundancy following a costs review by the firm.
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Prupim arrival to make derivatives push
GLOBAL – Will Robson, property research analyst at Prupim, has been promoted to property derivatives director to help drive its focus and tap market opportunities.
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Domestic markets to see renewed focus
UK – The number of foreign investors investing in UK property is likely to drop in the short-term as the economic turmoil has made investors more cautious and selective, according to experts at the latest IPD/IPF Property Conference.
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CBRE trains its eye on Middle East
ASIA - CB Richard Ellis (CBRE) has revealed it is opening an office in Bahrain as part of the development of the company’s Middle Eastern business.
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Shake-up at ING RE Canada
CANADA - ING Real Estate announced is making significant management changes to its Canadian subsidiary and losing five members of its senior team.
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North Yorks awards ING global property mandate
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.
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Power call for property researchers
GLOBAL - Property researchers should be given greater decision-making powers and must work more closely with risk management, according to Jose Luis Pellicer from ING Wholesale.
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Grosvenor reviews its business priorities
EUROPE- Grosvenor is planning to concentrate on developing its fund management business in continental Europe.
