Real Estate News – Page 750

  • News

    LA Fire and Police burns Adelante deal

    2009-04-14T17:20:00Z

    UNITED STATES - Los Angeles Fire and Police Pensions has ended its relationship with Adelante Capital Management as a REIT manager after the firm massively underperformed its benchmark.

  • News

    PERE funds struggle to close

    2009-04-14T16:53:00Z

    GLOBAL – Private equity real estate funds are finding it tough to reaching closing fund-raising positions and almost as many as last year have already abandoned the task, according to research conducted by Preqin.

  • News

    Swiss pension funds buy Schroders lease

    2009-04-06T17:24:00Z

    SWITZERLAND/UK – AFIAA, the Swiss real estate investment adviser for state pension funds, has purchased the long leasehold on Schroders’ London headquarters for £70m (€76.5m).

  • News

    Pension funds pursue Gatwick purchase

    2009-04-06T17:22:00Z

    UK – Major Canadian and British funds are understood to be one step closer in their rivalry to purchase London’s Gatwick airport after the Competition Commission ordered the British Airports Authority (BAA) to sell three of its airports within the next two years.

  • News

    Abbey buys its London HQ

    2009-04-06T17:16:00Z

    UK – British Land has sold Abbey’s London headquarters to the banking giant for £115m (€126.4m).

  • News

    IPD claims German buoyancy may attract investors

    2009-04-06T17:12:00Z

    GERMANY – The IPD Germany Annual Property Index showed Germany’s property returns proved more resilient during the downturn than most European real estate markets – a situation which the body argues is likely to draw more institutional investors into the market.

  • News

    Norway-Global faces delay on real estate move

    2009-04-06T16:44:00Z

    NORWAY – The Government Pension Fund – Global has warned market conditions and the need for new rules means it is unlikely to reach its 5% allocation to real estate for "several years".

  • News

    Kesko sign sale-and-leaseback deal with pension fund

    2009-04-02T17:20:00Z

    FINLAND – The Kesko Pension Fund has bought four retail properties for €50m from the Finnish trading company Kesko Group.

  • News

    Pensions investors enticed by Catalyst opportunities

    2009-04-02T17:09:00Z

    EUROPE – Catalyst Capital LLP, a European investment and asset management firm, has secured the support of major institutional investors for its €228.5m pan-European property fund.

  • News

    OMERS tracks long-term gains with railway top-up

    2009-04-02T17:06:00Z

    CANADA – Ontario Municipal Employees Retirement System (OMERS) has increased its stake in a rail infrastructure project in Detroit, to become the majority owner.

  • News

    CPP to invest in real estate through bonds issuance

    2009-03-30T17:34:00Z

    CANADA - The Canada Pension Plan Investment (CPPIB) Board is planning to issue up to C$5bn (€3bn) in fixed income paper over the next two years to help the pension fund invest in real estate and infrastructure.

  • News

    Dallas Police & Fire strengthen infrastructure

    2009-03-30T17:33:00Z

    US –The Dallas Police and Fire Pension System has invested in a $4bn (€3.01bn) state of the art highway infrastructure system in Dallas, bolstering domestic investments.

  • News

    Real estate position to double for Jacksonville PF

    2009-03-30T17:30:00Z

    US – The Jacksonville Police and Fire pension fund plans to double its real estate allocation once it gets the all-clear from the state legislator.

  • News

    New York PF hedges its bets on real estate

    2009-03-30T17:29:00Z

    US – The New York State Common Retirement Fund (CRF) announced on Friday it closed $238.2m (€178.8m) of real estate hedge fund transactions last month.

  • News

    Asia more willing to embrace sustainability - study

    2009-03-30T17:26:00Z

    ASIA PACIFIC – Corporate real estate professionals in Asia Pacific are more eager to continue investing in sustainability than their global peers, according to a survey by Jones Lang LaSalle (JLL) and CoreNet Global.

  • News

    Hypo RE falls under state control

    2009-03-30T17:21:00Z

    GERMANY – The German government has taken an 8.7% stake in Hypo Real Estate in its first step to taking full control and bringing stability to the Group.

  • News

    West Midlands makes supermarket sweep

    2009-03-26T17:14:00Z

    UK – The West Midlands Pension Fund has purchased a £36.5m (€39.6m) supermarket property in Birmingham from Land Securities, to strengthen its position for the future.

  • News

    San Diego City plans tactical moves in real estate

    2009-03-26T17:11:00Z

    UNITED STATES - San Diego City Employees’ Retirement System is planning to take advantage of tactical investment opportunities in the second half of this year in certain property types.

  • News

    TriCon comes up short on capital raising

    2009-03-26T17:09:00Z

    UNITED STATES - TriCon Capital was only able to attract $350m (€257.6m) for its latest commingled fund, TriCon IX – just over 40% shy of its $600m target.

  • News

    Reita claims residential Reits are a good buy

    2009-03-26T17:07:00Z

    EUROPE - Institutional investors should consider investing in residential property as an asset class and push for residential Real Estate Investment Trusts (REITs), according to Reita’s panel of property investment experts.