Real Estate News – Page 664
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German asset manager snaps up three UK onshore wind farms
EUROPE – HgCapital subsidiary Ridgewind sells assets to Munich Re's asset management division.
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Goldman Sachs AM expected to make decision on Vervoer claim next month
EUROPE – Brown Rudnick lawyer says trial could last more than two years due to complexity of claims.
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Canada Pension Board pours $400m into US industrial real estate market
NORTH AMERICA – CPPIB teams up with Goodman to make first foray into direct US industrial.
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Iowa Public Employees Retirement System to expand into real estate debt
US – Pension fund sees opportunity for high risk-adjusted returns in high-yield debt.
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UK coal schemes to buy controlling stake in property company
UK – Restructuring will also see pension deficit reduction payments suspended for two years.
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Student housing market to develop as investment doubles
UK – CBRE report highlights broader range of routes to market, including financing.
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Allianz, Curzon fund buy Warsaw Financial Center for €210m
POLAND – Allianz Real Estate to take majority stake in landmark Polish tower.
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JLL launches Asia’s first secondary platform
ASIA – Real estate secondaries market picks up pace as pricing becomes clearer.
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German pension fund doubles money for Patrizia JV
GERMANY – Unnamed investor commits a further €100m to value-added residential strategy.
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Core recovery sees Florida’s property portfolio outperform
UNITED STATES – State Board of Administration yields 12.8% from RE, moves to non-core assets.
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CalPERS adds $4bn to core real estate partnerships
UNITED STATES – Allocation part of drive to have larger mandates with fewer managers.
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Nordic investor Sponda looks east as Russia outperforms
EUROPE – Data for 2011-12 indicate 35% year-on-year increase in real estate transactions.
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Global property market recovers, but investors still pine for prime
GLOBAL – Most investment for 2012 directed towards prime assets, core markets, says JLL.
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North Rhine-Westphalia pension fund to boost real estate, infrastructure [Amended]
EUROPE – €10bn NAEV to increase exposure to markets outside Germany with new partner Aberdeen.
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Cornerstone Real Estate enters European property lending market
EUROPE – Provides £83m loan to Derwent London secured on £172m of central London assets.
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UK awards mandates to energy-efficient infrastructure specialists
UK – Contracts predicated on ability to match government money with institutional funding.
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IORP directive approach to property 'simple-minded'
EUROPE – AEIP argues capital requirements overstated, real estate not only a tradable asset.
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New Jersey commits $320 to ReCap fund, Och-Ziff account
UNITED STATES – Invests through Asian opportunity fund and hedge fund manager.
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EU outlines plan for green building investment
EUROPE – Loan guarantees, project bonds from the European Investment Bank potential stimuli.
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TIAA-CREF grows timberland ownership with GreenWood acquisition
UNITED STATES – US institution buys majority stake in timberland manager.