Real Estate News – Page 714

News
Maine PERS board approves $75m commitment to debt fund

2011-01-20T11:30:00Z

GLOBAL – The Maine Public Employees Retirement System has agreed to commit $75m (€56.4m) for the H/2 Credit Partners LP.
News
Invesco boosts real estate assets with AIG deal

2011-01-17T15:30:00Z

ASIA – Invesco Real Estate has taken over AIG Real Estate's Asian fund and asset management business, with around €2.7bn in assets under management and 60 employees.
News
ING REIM confirms sale talks, CBRE tipped as front-runner

2011-01-17T13:45:00Z

GLOBAL – ING Real Estate Investment Management has confirmed it is in discussions with "several parties" on a possible sale of parts of its business after media reports claimed CBRE was the front-runner in the bidding process.
News
ING Clarion buys mixed use property in New York City

2011-01-17T13:30:00Z

GLOBAL – ING Clarion Partners has bought the 90,000 square foot 636 Avenue of the Americas in New York City in a deal worth $42.5m (€32m).
News
Finland's Varma to scale back domestic real estate investment

2011-01-17T13:30:00Z

FINLAND – Varma Mutual Pension Insurance Company is expected to slow its domestic real estate investment programme in 2011, following two years of intense activity, citing rising vacancies and an influx of foreign investors.
News
German roundup: AXA IM, infrastructure, Fleischhauer, Hoyer & Partner

2011-01-13T16:15:00Z

GERMANY – Out of Germany's 156 institutional investors, Pensionskassen were the only ones to identify direct real estate holdings as more risky than indirect investments in a survey commissioned by AXA Investment Managers.
News
SPMS awards Aviva Investors €350m property mandate

2011-01-13T14:45:00Z

GLOBAL – The €5.5bn occupation pension fund for Dutch medical consultants (SPMS) has appointed UK firm Aviva Investors as manager of its unlisted property.
News
PE fundraisers 'optimistic' for 2011 after a tough 12 months

2011-01-13T14:30:00Z

GLOBAL – The private equity-style real estate funds sector continues to struggle to raise capital from investors, as the latest study from Preqin shows that only 89 funds reached a close in 2010, raising $35.8bn (€27.2bn) in the process.
News
Arbuthnot UK real estate team enters JV with AEW Europe

2011-01-13T13:45:00Z

UK – The UK real estate team of Arbuthnot Real Estate Investment Management (ArbreIM) has left the company to form a new joint venture business with AEW Europe.
News
Harrison Street expands into the REIT management business

2011-01-13T13:00:00Z

GLOBAL – Harrison Street Real Estate Capital has moved into the REIT management business with the acquisition of Transwestern Securities Management, the REIT subsidiary of the real estate investment firm Transwestern Investment.
News
CalSTRS enters $1bn industrial joint venture with Panattoni

2011-01-13T13:00:00Z

GLOBAL – The California State Teachers' Retirement System (CalSTRS) has entered into a joint venture with the Panattoni Development Company to invest $1.15bn (€874m) in industrial and commercial real estate in the US and Canada.
News
AREA buys nine-property apartment portfolio in Texas

2011-01-13T12:45:00Z

GLOBAL – AREA Property Partners has acquired a multi-family portfolio in Texas totaling nine properties and 2,589 units for an undisclosed sum.
News
Transaction-linked index a 'gift' for asset allocation, says Mercer

2011-01-13T12:15:00Z

EUROPE – The transaction-linked index (TLI) being developed by IPD, which combines market valuations with traded prices, will be a "gift" when devising asset allocations for pension funds, according to Mercer.
News
CBRE Investors' opportunity fund takes over Atlantic Station

2011-01-10T14:15:00Z

GLOBAL – CB Richard Ellis Investors has acquired Atlantic Station in Atlanta, Georgia, from insurer AIG for its fifth US opportunity fund.
News
Cornerstone targets infrastructure for first European offering

2011-01-10T14:00:00Z

EUROPE – Cornerstone Real Estate Advisers Europe has launched its first European fund – a social infrastructure vehicle – since the US-based investment manager acquired Protego Real Estate Investors in 2009.
News
ATP signs off €700m for indirect real estate investments

2011-01-10T13:00:00Z

DENMARK – Denmark's largest pension fund, ATP, has allocated a further €700m to invest in real estate funds, joint ventures and club deals through its subsidiary ATP Real Estate.
News
Connecticut scheme seeks separate account manager

2011-01-10T12:30:00Z

GLOBAL – The Connecticut Retirement Plans and Trust Funds issued a Request for Proposal (RFP) for a separate account real estate manager at its December 2010 board meeting.
News
Kansas PERS makes $75m commitment to UBS Trumbull

2011-01-10T12:00:00Z

GLOBAL – The Kansas Public Employees Retirement System has signed a contract to allocate $75m (€58.1m) to the UBS Trumbull Property fund, managed by UBS Realty Investors.
News
Vasakronan makes Sweden's largest real estate purchase

2011-01-10T11:45:00Z

SWEDEN – Vasakronan, the real estate company owned by Sweden's national buffer funds, has acquired the Blåmannen 20 city block in Stockholm, known as Klara Zenit, in its entirety for SEK4.35bn (€487m).
News
Ohio Police & Fire issues redemption queues on open-ended funds

2011-01-06T15:00:00Z

GLOBAL – The Ohio Police & Fire Pension Fund has decided to issue redemption queues for two open-ended commingled funds in which it has invested.