Real Estate News – Page 736

  • News

    Aberdeen claims core European real estate has bottomed

    2010-03-01T17:22:00Z

    EUROPE – Aberdeen Property Investors has begun buying real estate again for its core pan-European institutional fund now that it believes many of the continent’s prime markets have bottomed out.

  • News

    Kansas PERS turns attention to core real estate

    2010-03-01T17:21:00Z

    UNITED STATES - Kansas Public Employees Retirement System has made a $100m (€73.5m) allocation to the LaSalle core commingled US Property Fund.

  • News

    L&S makes 36% gain on 9-mth investment

    2010-03-01T17:19:00Z

    UK – London & Stamford Property, the listed company managed by Raymond Mould and Patrick Vaughan, has sold a UK office building for £51.3m (€56.6m), nine months after buying it for £37.6m

  • News

    Mn presses funding extension talks for PME and PMT

    2010-02-22T17:54:00Z

    NETHERLANDS – Mn Services is in discussions with 25 global real estate fund managers, on behalf of Pensioenfonds Metaal en Techniek (PMT) and Pensioenfonds van de Metalektro (PME), about an extension to fund investment periods.

  • News

    ING Clarion deal signals market re-entry

    2010-02-22T17:50:00Z

    UNITED STATES- ING Clarion Partners has shown its belief in the comeback of the real estate market and made its first acquisition in over two years for the Clarion Development Ventures III commingled fund.

  • News

    Wisconsin eyes debt as part of $250m signing

    2010-02-22T17:41:00Z

    UNITED STATES – The State of Wisconsin Investment Board is in process with making new investments in real estate totalling $250m (€183.9m).

  • News

    Manchester pension fund to rebuild office eyesore as beauty

    2010-02-16T17:14:00Z

    UK – The £7.39bn (€8.48bn) Greater Manchester Pension Fund, the largest local authority scheme in the UK, has been given the green light for a major office redevelopment project in Manchester city centre.

  • News

    German property faces fresh freeze

    2010-02-16T17:13:00Z

    GERMANY – Open-ended real estate funds in Germany have suffered another bout of redemption freezes following writedowns in property valuations.

  • News

    Mass PRIM to invest $1bn in 2010

    2010-02-16T17:09:00Z

    UNITED STATES - Massachusetts Pension Reserves Investment Management Board has approved its 2010 annual real estate investment plan and could allocate as much as $1bn (€729.7m) to the asset class over the next 12 months.

  • News

    COP says US real estate could bring TARP downturn

    2010-02-16T17:08:00Z

    US – Real estate loan failures at a large number of small and medium-sized US banks could destabilise the country’s financial system and derail its economy recovery, according to the government body set up to monitor the unwinding of toxic assets.

  • News

    LGP is latest to drive inflation-linking real estate

    2010-02-16T17:06:00Z

    UK – Legal & General Property (LGP) has become the latest fund manager to offer defined benefit pension funds access to real estate providing inflation-linked income.

  • News

    Ohio PERS eyes apartments and mortgages

    2010-02-16T17:04:00Z

    UNITED STATES – The Ohio Public Employees Retirement System has issued Requests for Information (RFI) concerning separate account managers working in the residential apartments and first mortgage loan portfolios space.

  • News

    Pension funds pile into UK property

    2010-02-08T17:57:00Z

    UK – Pension funds and other institutional investors poured more capital into the UK real estate market in the fourth quarter of 2009 than during any other three-month period on record, according to the Association of Real Estate Funds (AREF).

  • News

    UK pension funds to tap smaller property deals

    2010-02-08T17:55:00Z

    UK – A number of large UK corporate pension funds will take advantage of a neglected segment of the real estate market through a new fund managed by First Property Asset Management (FPAM), a subsidiary of First Property Group.

  • News

    IPD update forces questions about UK recovery

    2010-02-08T17:54:00Z

    UK – The latest results from Investment Property Databank’s (IPD) UK quarterly property index have prompted fund managers to question the sustainability of the market’s recovery.

  • News

    Property bounce aides Belgian pension funds

    2010-02-08T17:52:00Z

    BELGIUM – A study of 90 active pension funds by consultancy Mercer suggests Belgian pension funds returned a median of 18.5% on investments by the end of 2009, thanks to a rally in equities and real estate.

  • News

    Clavis Walden paifs the way with new structure

    2010-02-08T17:50:00Z

    UK – Clavis Walden has become the first fund manager to launch a property authorised investment fund (PAIF), an open-ended fund structure offering pension funds the same UK tax benefits as a real estate investment trust (REIT).

  • News

    South Korea becomes latest to buy Gatwick stake

    2010-02-08T17:48:00Z

    GLOBAL - The National Pension Service (NPS) of South Korea has agreed to buy a 12% stake in London’s Gatwick airport.

  • News

    SURS takes conservative approach to real estate

    2010-02-08T17:46:00Z

    UNITED STATE - State Universities Retirement System of Illinois (SURS) is planning to apply conservative growth to its 6% targeted allocation to real estate.

  • News

    Nebraska nears investment in secondary market (amended)

    2010-02-08T17:45:00Z

    UNITED STATES - Nebraska Investment Council is expected to put money in the secondary real estate market next month on behalf of its pension fund, and may make a $25m (€17.9m) investment in a Landmark Partners fund.