Real Estate News – Page 733

  • News

    European real estate could be short of €115bn in refinancing

    2010-04-12T17:23:00Z

    EUROPE – European real estate debt markets face a refinancing gap of €115bn over the next two years, and many lenders are unlikely to be able to extend loan periods any longer on certain properties, according to DTZ.

  • News

    US and European investors reveal different gearing interests

    2010-04-12T17:20:00Z

    GLOBAL – Appetite for gearing levels in real estate funds has diverged between European institutional investors and those based in the US, according to a multi-manager.

  • News

    Spain tops the losses for IPD European returns

    2010-04-12T17:18:00Z

    EUROPE – Spain experienced its second consecutive year of negative commercial real estate returns in 2009, while Germany and Switzerland remained relatively stable over the same 12-month period, according to Investment Property Databank (IPD).

  • News

    BVV PK places real estate activity on ice

    2010-04-12T17:17:00Z

    GERMANY – The €21bn BVV Pensionskasse for banks has decided it will make no new real estate commitments for the next 12 months, but expects to increase its long-term allocation to the asset class in the future.

  • News

    Airport project leaves IVG in the red

    2010-04-12T17:10:00Z

    GERMANY – German real estate company IVG reported net losses for 2009 of €158m – almost all of which can be attributed to a project near the Frankfurt airport, an IVG-spokesman confirmed to IPE.

  • News

    Currency swing stifles positive return on institutional funds

    2010-04-09T13:54:00Z

    EUROPE – Institutional European real estate funds on average delivered a negative euro-denominated return of -1.6% in 2009. But there was a huge variance of investment performance among funds over the 12-month period, according to Investment Property Databank (IPD).

  • News

    Unilever’s Progress nears end of direct real estate divestment

    2010-04-09T13:52:00Z

    NETHERLANDS – CB Richard Ellis is in negotiations with an unnamed investor to exchange on the remaining assets of the domestic real estate portfolio of Progress, the Dutch pension fund of Unilever.

  • News

    Investors to decide gearing on L&G’s property income

    2010-04-09T13:50:00Z

    UK – European institutional investors that have committed to Legal & General Property’s (LGP) new UK core fund have been given a choice over the level of gearing they will be exposed to.

  • News

    Rothschild Realty sees fresh prospects for US housing

    2010-04-09T13:49:00Z

    UNITED STATES - Rothschild Realty Managers has made a $100m (€74.9m) equity investment with Summit Housing Partners based in Montgomery, Alabama, on the back of renewed confidence in the housing market.

  • News

    Chicago Policemen eye non-core opportunities

    2010-04-09T13:41:00Z

    UNITED STATES – The Policemen’s Annuity and Benefit Fund of Chicago has issued a Request for Proposal for non-core real estate managers.

  • News

    Santa Barbara County opens separate account search

    2010-04-01T17:04:00Z

    UNITED STATES - Santa Barbara County Employees Retirement System has approved a Request for Information to hire a discretionary separate account real estate manager.

  • News

    Ireland’s NAMA takes on property-backed 'bad bank' loans

    2010-04-01T17:01:00Z

    IRELAND – The Irish government has confirmed its National Asset Management Agency (NAMA), or so-called ‘bad bank’, has started to take €16bn worth of troubled real estate loans on to its books.

  • News

    Royal Mail Pension ends 27-year run for real estate manager

    2010-04-01T16:54:00Z

    UK – LaSalle Investment Management is to take over the management of the Royal Mail Pension Plan’s (RMPP) £1.6bn (€1.8bn) UK real estate portfolio, which has been run by Hermes since 1995 and under its previous incarnation PosTel since 1983.

  • News

    Illinois State to boost real estate holdings by $300m

    2010-04-01T16:48:00Z

    UNITED STATES - Illinois State Board of Investment has approved plans to invest $300m (€223.1m) in real estate in 2010.

  • News

    Pension funds maintain German real estate security

    2010-04-01T16:33:00Z

    GERMANY – Total returns for German real estate declined for the second consecutive year, but pension funds in the country have continued to focus heavily on their domestic market because it “feels safer”, according to a leading pension fund manager.

  • News

    Ediston sees fresh activity after market downturn

    2010-03-29T17:41:00Z

    UK – The Ediston Opportunity Fund, which raised capital from pension funds in 2007, has made a number of investments following more than two years of inactivity and is consulting investors on raising more capital.

  • News

    Norwegian pension fund snaps up new office

    2010-03-29T17:28:00Z

    NORWAY – Akershus Fylkeskommunale Pensjonskasse (AFKP), a local authority pension fund for the employees of the municipality adjacent to the north and west of Oslo, has acquired a newly-developed office building in Drammen.

  • News

    German investors return to real estate

    2010-03-29T16:50:00Z

    GERMANY – The percentage of German institutions investing in real estate has increased four-fold over the last year and the interest in infrastructure has also gone up, a survey by IPE Institutional Investment has found.

  • News

    Pennsylvania Public School increases allocation to real estate

    2010-03-25T16:42:00Z

    UNITED STATES - Pennsylvania Public School Employees’ Retirement System has decided to increase its targeted allocation for real estate from 8% to 10.5%. Most of the increase will be funded by the elimination of the pension fund’s 1.5% allocation to public REITs. Pennsylvania Public School ...

  • News

    UK REITs’ cash position strengthened

    2010-03-25T16:40:00Z

    UK – Real estate investment trusts in the UK will be able to issue stock dividends in lieu of cash dividends if the current government remains in power after the next general election. UK chancellor Alistair Darling made the announcement in his pre-election Budget on Wednesday following lobbying pressure from ...