People News – Page 69
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LACERA plans fiduciaries search
UNITED STATES - Los Angeles County Employees Retirement Association has approved a search to hire up to eight independent fiduciaries to work with the pension fund in assessing co-investment real estate opportunities.
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Jones Lang LaSalle reshuffles directors
UNITED STATES - US-based property investment and consultants group Jones Lang LaSalle is reshuffling its senior board in a bid to reinforce its global presence and strategy for expansion.
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Schroders expands Nordic team
SCANDINAVIA - Schroder Property, the real estate arm of London-based €164.4bn Schroders, has further strengthened its presence in Scandinavia with the appointment of Ubbe Strihagen as director of business development for the Nordic region.
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AXA REIM steps up Asian presence
ASIA - AXA Real Estate Investment Managers (AXA REIM), the global property arm of French financial services group AXA, has opened an Asian headquarters in Singapore as the springboard for moves into India and Japan.
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Patrizia signs research heavyweight
GERMANY - Augsburg-based real estate investment specialists, Patrizia, has appointed Marcus Cieleback as head of research.
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Wisconsin expands real estate consultancy needs
UNITED STATES - Wisconsin State Investment Board has expanded the duties for its real estate consultant, Courtland Partners, as officials at the pension fund say its remit is becoming more complicated.
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Texas Employees to employ real estate consultant
UNITED STATES – The Employees Retirement System of Texas has begun the search to find a real estate consultant for the first time, and has issued a Request for Information to the market.
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ORG to support Indiana PERF
UNITED STATES- Indiana Public Employees Retirement Fund has selected ORG Portfolio Management as its first consultant dedicated to the real estate asset class.
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Real estate execs express doom and gloom
UNITED STATES - Leaders in commercial real estate for the office, retail, industrial, hospitality, and multifamily sectors are facing an increasingly gloomy outlook, according to a survey conducted by the Real Estate Roundtable.
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TIAA-CREF hunts real estate via London office
US/UK – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second largest retirement plan in the US with assets of $420bn (€281bn), has launched its first overseas office in London.
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Marcus regenerates the development chair
UK - Ian Marcus, chairman of the European Real Estate Investment Banking at Credit Suisse, is extending his duties in the real estate market and moving into the chairmanship of The Prince’s Regeneration Trust.
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Mass PRIM turns to in-house expertise
UNITED STATES – The Massachusettes Pension Reserves Investment Board (Mass PRIM) has appointed an in-house expert to manage over $6bn (€5.5bn) of its assets in real estate and timber.
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Indiana PERF seeks real estate consultant
UNITED STATES - Indiana Public Employees Retirement Fund is now in the process of looking to hire its first ever real estate consultant.
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PBGC eyes move into real estate
UNITED STATES – The Pension Benefit Guaranty Corporation (PBGC) is looking at investing in real estate for the first time and is therefore seeking strategic partnerships so it may allocate up to $2.5bn (€1.6bn) in the sector.
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Real estate teams sign expertise
EUROPE – Asset managers Prupim and First State Investments have made changes to their real estate teams which they hope will improve their positions in the retail and infrastructure markets.
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ING hires despite talent shortage
NETHERLANDS/ASIA - ING has appointed a regional veteran to head its Asian fund management operations against growing international competition for regional talent.
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Investors to raise real estate holdings
EUROPE – A study of European institutional investors reveals one in four expect to increase their allocation to real estate this year, while one in 20 expect to reduce their weighting.
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East Capital goes it alone in Baltics
BALTIC STATES - Fund manager East Capital has taken sole control of a joint venture set up to manage its Baltic property funds and expressed optimism for their performance despite an economic downturn in their target markets.
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Staffordshire hires JLL to value property portfolio
UK - Staffordshire Pension Fund has hired Jones Lang Lasalle as valuer for its £233.5m (€292m) UK direct property portfolio, replacing Cushman & Wakefield.
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Managers launch green standard for old assets
EUROPE - A consortium containing four of Europe’s largest property investors has developed what it claims is the first standard to measure the sustainability of existing buildings.
