Real Estate News – Page 749

  • News

    AEW widens its logistical holdings

    2009-05-18T18:02:00Z

    EUROPE - AEW Europe has made a number of logistics investments across Europe for two of its closed-ended funds.

  • News

    Texas Teachers to revisit core strategy

    2009-05-18T18:00:00Z

    UNITED STATES - Teacher Retirement System of Texas is planning to invest approximately $500m (€368.2m) in core strategy real estate over the next 12 months.

  • News

    Central & Eastern Europe stayed positive - IPD

    2009-05-11T17:45:00Z

    CEE - Total returns for central and eastern Europe (CEE) real estate dropped to 0.5% for 2008 from 14.2% for the previous 12 months, according to International Property Databank (IPD).

  • News

    Slowing yield compression may hint at improving sentiment - JLL

    2009-05-11T17:44:00Z

    EUROPE – The weighted average European price office yield moved out 20 basis points from 5.8% at the end of 2008 to 6%, a much smaller increase than the 50bps movement between Q3 and Q4 2008, according to Jones Lang LaSalle’s (JLL) Q1 2009 European Office Yields Report.

  • News

    Rockwood Capital hits fundraising target

    2009-05-11T17:41:00Z

    UNITED STATES - Rockwood Capital has closed the money raising on its Rockwood Capital Real Estate Partners Fund VIII just shy of its target, at $964m (€720.6m).

  • News

    Gellatly leaves BlackRock for new base

    2009-05-11T17:31:00Z

    EUROPE – John Gellatly has left BlackRock as head of real estate fund of funds to join Aviva Investors’ global multi-manager team in Europe.

  • News

    NYSTRS extends its real estate limits

    2009-05-11T17:29:00Z

    UNITED STATES - New York State Teachers Retirement System has bought a further share in a real estate backed by a European pension fund, as well as extending current management contracts.

  • News

    Alternatives EC directive ‘too wide’ for real estate

    2009-05-05T17:31:00Z

    EUROPE - The EU’s proposed directive on alternative investment fund managers is too wide ranging in its current form and does not make enough distinction between real estate funds and other alternative investment vehicles, according to legal consultants.

  • News

    Prime office rents tumble in Q1

    2009-05-05T17:29:00Z

    EUROPE - European prime office market rents fell by 8% during the first quarter of 2009, the greatest quarterly decline ever recorded by Jones Lang LaSalle’s (JLL) European Office Property Clock index.

  • News

    Diversity widened performance of non-listed funds

    2009-05-05T17:25:00Z

    EUROPE - Differences in geography and leverage levels, as well as currency movements, meant European non-listed real estate funds experienced a wide range of performance levels in 2008, according to International Property Databank (IPD).

  • News

    Wisconsin extends commitments

    2009-05-05T17:23:00Z

    UNITED STATES - Wisconsin State Investment Board has made two follow-on commitments to commingled funds, in a bid to preserve capital during the market downturn.

  • News

    UK seeks pension fund investment in housing

    2009-05-01T12:00:00Z

    UK - Plans to encourage pension funds to invest in private rented housing have been announced by the UK government’s Housing and Communities Agency (HCA).

  • News

    INREV uncovers worries over LTV covenants

    2009-04-27T17:25:00Z

    EUROPE – Many institutional investors are concerned that their non-listed real estate funds may breach loan-to-value (LTV) covenants, but they are often reluctant to inject fresh equity into vehicles, according to an INREV survey.

  • News

    Texas School Fund allocates to real estate

    2009-04-27T17:23:00Z

    UNITED STATES - The Texas Permanent School Fund has established a 6% targeted allocation to real estate, making this its foray into the asset class.

  • News

    INREV index reinforces economic downturn

    2009-04-27T17:18:00Z

    EUROPE - The INREV index returned -26.8% in 2008, down from -2.7% in 2007, as European non-listed real estate funds continued to feel the effects of the global financial crisis.

  • News

    EC to regulate alternatives managers worth over €250m

    2009-04-27T16:11:00Z

    EUROPE - Managers of hedge funds, private equity and real estate funds would escape regulation under a proposed European Commission directive targeting alternative investment fund managers, if their assets under management total less than €250m.

  • News

    Texas Teachers to invest $475m in LLPs

    2009-04-20T17:18:00Z

    UNITED STATES - Teacher Retirement System of Texas is in the process of setting up two limited partnership funds with assets of $475m (€358.1m) which could make it the only pension fund investor.

  • News

    Western Europe favoured in real estate trading

    2009-04-20T17:16:00Z

    EUROPE - Investment activity in European commercial real estate was down significantly in the first quarter of 2009, especially in central and eastern Europe (CEE), although the retail sector saw stronger transaction volumes, according to property agencies.

  • News

    Pension funds advised to look to real estate

    2009-04-16T16:27:00Z

    UK – UK pension funds seeking inflation-hedging investments should look to their domestic real estate market in the current economic uncertainty, according to Legal & General Property (LGP).

  • News

    AP3 completes venture into public real estate

    2009-04-16T16:23:00Z

    SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, has completed the purchase of a 50% stake in Hemsö a subsidiary of the real estate firm Kungsleden AB.