All articles by Poppy Sketchley – Page 12
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LaSalle launches UK opportunity fund
UK – LaSalle Investment Management is raising a £400m (€487m) opportunity fund to take advantage of declining property values and potential distress in the UK real estate market.
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Foreign investors get smaller piece of the pie
CHINA – Domestic investors took an increasing larger share of the real estate investment market in China in the first half of the year, a report by property consultants DTZ shows.
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More flexibility or Spanish REITs will flounder – Testa
SPAIN – The Spanish government’s drafted legislation for real estate investment trusts (REITs) must be made more flexible in order to encourage the sector to develop, delegates heard at the latest Urban Land Institute (ULI) conference.
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Crisis of confidence for UK property
UK – Confidence has collapsed across the UK real estate sector according to Smith & Williamson’s latest annual survey.
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Opportunistic funds continue to attract capital – Clerestory
GLOBAL – Capital continues to be raised globally for opportunistic real estate funds, albeit at a slower pace, despite the credit crunch and falling economic growth, according to research from Clerestory Capital Partners.
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Axa REIM shifts into distressed debt
EUROPE – Axa REIM, the real estate arm of Axa Investment Managers Group, is holding back from investing in European markets because it predicts property prices will drop even further and will concentrate on buying distressed debt.
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CEE real estate growth is kicked into the tall grass
EUROPE – Real estate markets in Central and Eastern European (CEE) countries will not escape the effects of the financial crisis over the next couple of years and are potentially risky choices for investors who are considering re-entering the markets, according to Nadja Savic, associate for CB Richard Ellis Investors ...
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UK market tipped as first to recover and invest
UK/GLOBAL - The UK’s real estate market is predicted to be among the first to exit the economic downturn ahead of more volatile markets, according to analysts’ speaking at the Barcelona Meeting Point this week.
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Illinois Teachers reviews five-year strategy
UNITED STATES - Teacher Retirement System for the State of Illinois is looking at making several changes to its real estate strategy as part of its five-year plan for real estate.
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Opposing markets halt TKP’s real estate gains
NETHERLANDS – TKP Pensioen has revealed the financial crisis has brought the performance growth of its real estate investments to a standstill.
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EC sustainability still a long way off real estate
EUROPE – The European Commission has revealed draft proposals for an EU-wide Energy and Water Performance of Buildings Directive this week in a bid to encourage sustainability and more energy efficiency in buildings across Europe, but experts maintain the EC still has a long way to go before achieving a ...
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Private equity market is still a target - Preqin
US - Private equity real estate markets continues to attract long-term investors despite the financial crisis, according to the Preqin 2008 Private Equity Real Estate Review.
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Apollo to tap distress calls
US - Apollo Real Estate Advisors is hoping to take advantage of the turbulent market conditions to seize opportunities in distressed debt funds for the benefit of pension funds, but buying debt funds at discounted prices from banks.
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Study presents fresh call for EU REITs
GLOBAL - Real estate experts have today unveiled the first blueprint of how an EU Real Estate Investment Trust (REIT) might work and insisted now is the time to push the proposal through the Commission in Brussels.
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CPPIB invests fresh CA$1.4bn in real estate
CANADA – The Canada Pension Plan Investment Board has expanded its real estate portfolio with $1.4bn worth of new investments, bringing the fund’s total real estate commitments to $8.4bn.
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Irish property falls on hard times
IRELAND - Irish commercial property repricing has set in hard, as the total return on the SCS/IPD Irish quarterly index fell by 13.9% over three months to end of September, making it the lowest quarterly return in the index history.
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Demolition threats add fuel to UK empty properties row
UK – Findings from CBI/GVA Grimley’s latest Corporate Real Estate Survey have added further weight to the British Property Federation’s campaign to restore empty rate relief for unoccupied properties, as indications are a fifth of companies polled are planning to demolish buildings to avoid paying extra tax.
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Avon signs Partners to work on global property
UK - Partners Group, the Swiss-based global alternative asset manager with over CHF25bn (€16.8bn) in assets under management, has been chosen to manage Avon Pension Fund’s overseas real estate portfolio.
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Survey finds investors still want to tap real estate
UNITED STATES - Investors are ready to make the most of a predicted decline in value of commercial real estate, the results of Ernst & Young ‘s “Reality Check Survey” suggest.
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Progress redirects Unilever’s real estate
NETHERLANDS – Progress, the €4bn Dutch pension fund of Unilever Netherlands, is altering its real estate strategy by replacing direct real estate holdings with indirect real estate investments.
