Real Estate News – Page 742

  • News

    VBV re-grades real estate as higher risk

    2009-10-19T18:04:00Z

    AUSTRIA – The financial crisis has prompted Austrian pension fund VBV to view real estate investing as more risky and tactical in nature than previously assumed, and requiring a more flexible allocation policy.

  • News

    INREV members fear market will not recover until 2011

    2009-10-19T18:02:00Z

    EUROPE – Investor sentiment among the unlisted real estate funds community in Europe has deteriorated since the end of 2008 to the extent that most believe markets will not improve before 2011.

  • News

    Varma acts on real estate regrowth

    2009-10-19T18:00:00Z

    FINLAND – VR Pension Fund has re-entered the real estate market after a two-year absence, following the decision by a Finnish construction company to sell assets to local pension funds.

  • News

    ING to focus on mixed use real estate projects

    2009-10-19T17:58:00Z

    GLOBAL – Dutch-headquartered real estate investor ING Real Estate Development is planning to invest in and develop projects over the next few years which provide secure but mixed origin revenue.

  • News

    Principal raises $214.4m for green fund

    2009-10-19T17:56:00Z

    UNITED STATES - Principal Real Estate Investors has raised $214.4m (€144.6m) in equity commitments for its Green Property Fund.

  • News

    L&B Realty expands to Europe

    2009-10-19T17:55:00Z

    UNITED STATES - L&B Realty Advisors is making its first venture into Europe with a partnership being formed with Mayfair Capital Investment Management.

  • News

    Real estate future still uncertain for CEE

    2009-10-19T17:52:00Z

    CENTRAL/EASTERN EUROPE – While Poland and the Czech Republic are showing signs of recovery, other CEE real estate markets are still suffering from a major investment withdrawal of assets over the last 12 months, according to Austria’s Erste Group.

  • News

    Urdang opens way to new debt strategy

    2009-10-19T17:50:00Z

    UNITED STATES - Urdang Capital Management has taken a novel approach to building a new real estate debt strategy by hiring eight people from Capmark Investments, as the move means it will also act as a non-discretionary sub-adviser for two of Capmark’s commingled funds.

  • News

    Sovereign wealth funds hit by US property tax

    2009-10-12T18:11:00Z

    GLOBAL - Sovereign wealth funds (SWFs) have been dealt “a significant blow” by changes to the US tax regime, according to Steve Renna, president of the National Association of Real Estate Investment Managers (NAREIM).

  • News

    Sacramento County votes against fund extension

    2009-10-12T18:05:00Z

    UNITED STATES – The Sacramento County Employees’ Retirement System has said it will not support proposals to extend the investment period of the Hines US Office Value Added Fund II commingled fund.

  • News

    Liability-driven investment ‘should contain property’

    2009-10-12T18:04:00Z

    UK – Liability driven investment (LDI) portfolios should include commercial real estate, according to Pramerica Real Estate Investors.

  • News

    USS disposes of industrial space

    2009-10-12T18:03:00Z

    UK – The Universities Superannuation Scheme (USS) has sold 11 industrial assets from its recently acquired Equiton portfolio to Scottish Widows Investment Partnership Property (SWIP) Trust.

  • News

    Aberdeen pension fund goes shopping in East Anglia

    2009-10-12T18:01:00Z

    UK – Aberdeen Property Investors has purchased five retail units in the UK on behalf of the Aberdeen City Council Pension Fund.

  • News

    BBC pension fund moves out of London’s Regent Street

    2009-10-12T17:44:00Z

    UK – CB Richard Ellis Investors has confirmed the sale of Mutual House, owned by the pension scheme of the British Broadcasting Corporation (BBC), for £30m (€32.1m), reflecting a yield of 5.4%.

  • News

    Tesco continues property deals with pension funds

    2009-10-12T17:40:00Z

    UK – Tesco has formed a fourth joint venture with a UK pension fund to sell and leaseback property assets, in an effort to release value from its property portfolio.

  • News

    Heitman buys into shopping venture

    2009-10-12T17:35:00Z

    UNITED STATES – Heitman, the real estate asset manager, has formed a joint venture with Macerich, the US shopping centre owner, and bought a major stake in two US regional shopping centres.

  • News

    GE pension fund caught up in real estate loan battle

    2009-10-05T17:48:00Z

    FRANCE – Creditors of Paris office complex Coeur Défense may appeal a court ruling which forced them to extend a securitised €1.5bn loan to the property’s joint owners, one of which is a General Electric pension fund.

  • News

    USS snaps another high street bargain

    2009-10-05T17:38:00Z

    UK – The Universities Superannuation Scheme (USS) has made another retail acquisition in the UK, taking its total UK real estate investment in 2009 to £300m (€327m).

  • News

    SWIP re-enters European retail property

    2009-10-05T17:34:00Z

    EUROPE – Scottish Widows Investment Partnership (SWIP) has signalled its intention to re-enter the continental European real estate market with the launch of retail fund run in partnership with Cushman & Wakefield Investors (CWI).

  • News

    Oregon tops up distressed debt real estate holdings

    2009-10-05T17:32:00Z

    US – Oregon Public Employees Retirement Fund has demonstrated its ongoing commitment to Lone Star Funds by committing a further $400m (€273.6m) of capital to the distressed real estate debt specialist.