Real Estate News – Page 739

  • News

    Meulenbelt to step into Cooper’s shoes at ING RE

    2009-12-21T16:27:00Z

    GLOBAL – Jan Meulenbelt has been announced as the replacement for Nick Cooper, who is leaving as global head of ING Real Estate Select - the global multi-manager business he helped established.

  • News

    Prupim secures derivatives marker for real estate

    2009-12-21T16:24:00Z

    UK – Prupim, the real estate division of UK life assurer Prudential, has executed a series of UK property derivatives valued at more than £100m (€110m).

  • News

    Asian real estate flourishes ahead of US and Europe

    2009-12-14T17:33:00Z

    ASIA – Real estate markets in the Asia Pacific region have fared better in the aftermath of the global recession than their counterparts in the US and Europe, according to a new report by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

  • News

    CalPERS considers real estate clearout

    2009-12-14T17:28:00Z

    US – California Public Employees’ Retirement System (CalPERS) has, or in is in the process of, sacking a number of real estate managers, according to a report from its advisers Pension Consulting Alliance (PCA).

  • News

    LA Fire and Police raise concerns over real estate performance

    2009-12-14T17:27:00Z

    UNITED STATES- Los Angeles Fire and Police Pensions has placed Heitman Capital, Sentinel Real Estate and Urdang Capital on watch after underperforming the pension fund’s benchmark.

  • News

    UK to discuss next step to residential investing

    2009-12-14T17:25:00Z

    UK – The UK government will launch a consultation in 2010 on the private rented residential sector, which has been attracting interest from institutional fund managers and pension funds.

  • News

    Orion’s Europe III captures €1bn

    2009-12-14T17:22:00Z

    EUROPE – Orion Capital Managers has closed the capital raising programme for its latest European opportunity fund, breaking its publicly-stated fundraising target of €1bn.

  • News

    Texas Teachers moves into Pan-Asian real estate

    2009-12-14T17:19:00Z

    UNITED STATES – The Teachers Retirement System of Texas has approved a $150m (€101.2m) into the Fudo Capital Fund II commingled fund, to gain exposure to the Asian real estate market.

  • News

    Fresh Fof expertise decamps to Aviva

    2009-12-14T17:14:00Z

    EUROPE – The transferral of BlackRock’s European fund of funds expertise to Aviva Investors continued last week as fund manager Catriona Allen is the latest to move to the asset manager.

  • News

    USS swaps retail for more warehouse space

    2009-12-07T17:31:00Z

    UK – A complex deal between Universities Superannuation Scheme (USS) and Henderson Global Investors has enabled the pension fund to diversify its UK retail warehouse portfolio, while the investment manager has reduced the leverage in one of its funds.

  • News

    UK property debts reduce but covenant breaches double

    2009-12-07T17:27:00Z

    UK – The volume of debt secured against UK commercial real estate fell in 2009, but the value of loans reported to be in breach of financial covenant almost doubled in the first half of the year, according to a new study.

  • News

    CalSTRS’ real estate falls another $327m

    2009-12-07T17:22:00Z

    UNITED STATES - The California State Teachers Retirement System saw the value of its real estate portfolio fall by another $327m (€217m) during the third quarter of 2009, confirming the difficult market conditions that US pension funds are still suffering.

  • News

    Schroder predicts volatile UK property upswing

    2009-12-07T17:19:00Z

    UK – The sharp turnaround in the performance of the UK commercial real estate market is set to continue through the first six months of 2010 although activity will not be smooth, according to Schroder Property Investment Management.

  • News

    Florida pension fund dips into real estate

    2009-12-07T17:18:00Z

    UNITED STATES – The City of Lakeland (Florida) Employees’ Pension and Retirement System is planning to invest in real estate for the first time.

  • News

    Secondary real estate trading dried up - INREV

    2009-12-07T17:16:00Z

    EUROPE – Most European real estate fund of funds (FoF) managers turned their backs on the practice of trading secondary fund interests in 2009, as the number of transactions has dropped from 50 in 2008 to just five deals so far this year.

  • News

    REITS body predicts market upturn, as HSBC predicts down

    2009-12-07T17:15:00Z

    GLOBAL – Real estate investment trusts (REITs) and other listed property companies could be in a position to “mount a startling about-turn in fortunes” as investors begin to allocate capital back to the sector, according to Reita.

  • News

    Impact of Dubai shock still polarised - analyst reactions

    2009-11-30T18:21:00Z

    GLOBAL – Concerns that Dubai World’s need to deleverage will place a downward pressure on global real estate prices are unfounded, according to Dan Fasulo, head of research at Real Capital Analytics. Yet officials at real estate specialists Hatfield Phillips disagree.

  • News

    FirstProperty to target UK pension funds

    2009-11-30T18:20:00Z

    EUROPE – First Property is aiming to move back into the UK commercial real estate market, after concentrating for several years on Central and Eastern Europe (CEE), with the launch of a new vehicle for pension funds.

  • News

    Nordic real estate predicted to take a hit

    2009-11-30T18:20:00Z

    NORDICS – Investments in the Nordic real estate markets are expected to deliver negative returns for 2009, according to a new report from Aberdeen Property Investors.

  • News

    CalPERS signs to infrastructure with long-term view

    2009-11-30T11:15:00Z

    UNITED STATES - California Public Employees Retirement System has made a commitment of $300m (€201m) to Alinda Capital Partners’s Infrastructure Fund II, even though the value of its earlier investments have yet to reach their original capital value.