Real Estate News – Page 738

  • News

    CPPIB shops for San Diego retail

    2010-01-18T17:22:00Z

    UNITED STATES – The Canada Pension Plan Investment Board (CPPIB) has completed its first ever joint venture with Donahue Schriber on a retail property in San Diego.

  • News

    New arrival to pursue European deals for OMERS

    2010-01-18T17:18:00Z

    GLOBAL – Oxford Properties, the real estate division of Canadian pension fund OMERS, has appointed Simon Marriott to lead its European investment programme as it gears up to make its first acquisitions in the UK since 2007.

  • News

    Pension funds consider shift back into property

    2010-01-11T17:56:00Z

    EUROPE – European and North American pension funds are planning to increase investments in real estate over the coming year and the majority of schemes are reviewing external managers, an asset allocation survey has suggested.

  • News

    Asia predicted to drive real estate recovery

    2010-01-11T17:55:00Z

    ASIA – Emerging Asian economies are likely to spearhead the next phase in the recovery of the global real estate markets, according to Prupim, the real estate division of UK life assurer Prudential.

  • News

    Strathclyde pension fund buys BREEAM green office

    2010-01-11T17:54:00Z

    UK – The Strathclyde Pension Fund has purchased a sustainable office development in Glasgow, which is seen as the first building in the city to achieve a BREEAM (BRE Environment Assessment Method) ‘excellent’ status.

  • News

    Hermes swoops on property for BT

    2010-01-11T17:52:00Z

    UK – Hermes Real Estate has acquired a series of commercial properties, known as the ‘Hawk’ portfolio, on behalf of the BT Pension Fund.

  • News

    NPS buys rooms with a view of Sydney Harbour

    2010-01-11T17:46:00Z

    GLOBAL – South Korea’s National Pension Service (NPS) has bought an office building in Sydney for A$685m (€440m) as it continues to snap up prime assets across the world’s top cities.

  • News

    San Mateo County to stay with open-ended fund

    2010-01-11T17:44:00Z

    UNITED STATES - San Mateo County Employees Retirement Association has rescinded a $70m (€48.5m) capital redemption order for the Invesco Core Real Estate Fund as the value of its overall investment portfolio has improved significantly over the past couple of years and officials no longer feel the need to withdraw ...

  • News

    Ohio Police & Fire places blind faith in LaSalle

    2010-01-11T17:43:00Z

    UNITED STATES - Ohio Police & Fire Pension Fund is hoping to tap real estate opportunities as the market improves and made a $60m (€41.6m) allocation to the LaSalle US Property blind pool investment fund.

  • News

    CPPIB joint venture pursues forced retail sale

    2010-01-04T17:16:00Z

    CANADA/UK - The Canada Pension Plan Investment Board (CPPIB) has entered into a joint venture with UK property company Hammerson to take advantage of the forced sale of a prime UK retail asset.

  • News

    Varma agrees deal for Kesko retail stores

    2010-01-04T17:15:00Z

    FINLAND – Varma Mutual Pension Insurance Company has entered into a sale and leaseback arrangement with The Kesko Group for 13 its stores, including one owned by the retailer’s pension fund.

  • News

    USS beefs up its real estate strategy

    2010-01-04T17:13:00Z

    UK – Universities Superannuation Scheme (USS) has poached Alex Turner from Hermes Real Estate to manage its UK office portfolio, just as other changes are being made to improve its performance.

  • News

    HSBC Pension Fund sells UK real estate holding

    2010-01-04T17:12:00Z

    UK – The HSBC Pension Fund has sold Wilmslow Park in central Manchester to Legal & General (L&G) Property’s Managed Fund.

  • News

    UK’s Merchant Navy Pension rebalances real estate

    2010-01-04T17:07:00Z

    UK – The Merchant Navy Officers Pension Fund (MNOPF) has sought to rebalance its UK real estate portfolio and sold three commercial real estate assets in the UK, for almost a third more than recent valuations.

  • News

    BP pension fund and GPE buy a piece of London’s Regent St

    2009-12-21T16:40:00Z

    UK – F&C REIT Asset Management and AREA Property Partners have sold one of the top assets from the Dawnay Day portfolio they acquired in March to the BP pension fund and Great Portland Estates (GPE).

  • News

    Merchant Navy sells Waitrose property (amended)

    2009-12-21T16:36:00Z

    UK – Wilky Fund Management has sold a Waitrose supermarket store in Cheadle Hulme on behalf of the Merchant Navy Officers Pension Fund, which is considering reducing its real estate exposure.

  • News

    IVG moves out of direct German property management

    2009-12-21T16:34:00Z

    GERMANY – The IVG real estate group is slimming down its operations and transferring its German property management activities to third parties following a bidding process.

  • News

    Wisconsin turns to real estate fund of funds

    2009-12-21T16:33:00Z

    UNITED STATES - Wisconsin State Investment Board has made a $27.5m (€18.8m) investment in the Core Plus Real Estate Fund Q, which is structured by the pension fund as a convertible preferred equity investment.

  • News

    Internos pays €2 for GPT Halverton

    2009-12-21T16:30:00Z

    EUROPE – Internos Real Investors, the fund manager founded by Jos Short and Andrew Thornton, has acquired GPT Halverton (GPTH), giving it an established European investment platform.

  • News

    Pension funds to tap struggling US hotels market

    2009-12-21T16:28:00Z

    UNITED STATES- US pension funds are returning to the real estate investment market to plug into opportunities in the struggling upscale hotel market.