Real Estate News – Page 755

  • News

    French property market 'must adapt to survive'

    2009-02-09T17:33:00Z

    FRANCE – Property experts have predicted the French real estate industry is set to deteriorate even further in 2009 as a result of the financial crisis and will have to adapt itself to investors’ demands in order to recover.

  • News

    Push to reduce climate change on property values

    2009-02-09T17:29:00Z

    GLOBAL – The Institutional Investors Group on Climate Change has issued a report encouraging pension fund trustees to seek advice on ways of reducing the negative impact of climate change on property values.

  • News

    Duncan heads First Industrial

    2009-02-09T17:18:00Z

    US – First Industrial Realty Trust, the North American Real Estate Investment Trust (REIT), has appointed Bruce Duncan as president and chief executive officer.

  • News

    Real estate recovery predicted for 2011

    2009-02-05T18:01:00Z

    GLOBAL – Institutional investors believe the ongoing financial crisis will be a major obstacle for investors looking to allocate to non-listed real estate funds this year and do not expect property markets to start recovering until 2011, according to the INREV Investment Intentions Survey 2009.

  • News

    BNP Paribas confirms real estate rebranding

    2009-02-05T17:57:00Z

    FRANCE – BNP Paribas is uniting all of its real estate subsidiary businesses under the BNP Paribas Real Estate brand as part of a change in strategy, it was confirmed at the Atisreal Année Immobiliere meeting on Tuesday.

  • News

    Investors sets their sights on the UK

    2009-02-05T17:50:00Z

    UK – The United Kingdom is the most attractive country for institutional investors and pension funds looking to invest in real estate in 2009, according to property analysts at the Atisreal Année Immobiliere conference in Paris this week.

  • News

    Oregon PERF swaps one deal for four

    2009-02-05T17:43:00Z

    UNITED STATES - Oregon Public Employees Retirement Fund has terminated a real estate investment trust (REIT) relationship with Cliffwood Properties LLC and signed deals with three other managers to diversify its risk.

  • News

    Six years of UK growth wiped out - IPD

    2009-02-05T17:41:00Z

    UK - The entire capital growth made over the last six years in the UK commercial real estate market has been eroded in only 18 months, according to the IPD UK Quarterly Property Index Q4 2008 published this week.

  • News

    Cabot Properties expands into Europe

    2009-02-05T17:31:00Z

    EUROPE/UNITED STATES - Cabot Properties is planning to expand its industrial acquisition efforts into Europe for the first time.

  • News

    Danish Engineers sell €65m portfolio to Aberdeen

    2009-02-05T16:39:00Z

    DENMARK – DIP, the DKK24bn (€3.22bn) pension fund for Danish engineers, has sold a €65m commercial property portfolio to Aberdeen Property Investors and taken a stake in its Danish fund as part of a shift in its investment strategy.

  • News

    C-Reits could lift Chinese economy - APREA

    2009-02-03T12:30:00Z

    CHINA – Chinese Real Estate Investment Trusts (REITs) could play a vital part in helping the country’s real estate markets recover from the economic crisis, according to the Asian Public Real Estate Association (APREA).

  • News

    Cohen & Steers predicts “outstanding” returns…in time

    2009-02-03T12:20:00Z

    GLOBAL – Cohen & Steers, the US investment firm specialising in real estate, remains confident that the majority of global listed real estate companies will weather the economic crisis despite the poor lending environment, according to its latest Review and outlook for the international real estate markets.

  • News

    Spain to see second property giant collapse

    2009-02-03T12:00:00Z

    SPAIN – Nozar, a major property company in Spain, is on the brink of going into administration with debts of over €4bn, which could make it the second- largest corporate default in the country.

  • News

    Pramerica expands mezzanine position

    2009-02-03T11:45:00Z

    EUROPE – Prudential Real Estate Investors (PREI) has hired a team of real estate financers to build a commercial property mezzanine platform in Europe to take advantage of immediate opportunities created by the volatile markets.

  • News

    New Jersey changes strategy with commingled capital

    2009-01-29T17:27:00Z

    UNITED STATES - New Jersey Division of Investment has decided to shift $250m (€190.5m) worth of commitments planned for commingled funds into different investment opportunities on the back of market performance worries.

  • News

    Los Angeles City alters hotel booking

    2009-01-29T17:25:00Z

    UNITED STATES - Los Angeles City Employees’ Retirement System has asked Integrated Capital to change the agreement it made concerning the Capital Hospitality fund so it can go ahead with investment plans.

  • News

    UK local government pays tax on its own empty buildings

    2009-01-29T17:05:00Z

    UK – British councils are paying a whopping £690m (€745m) in business rates on their empty properties, the Business Centre Association revealed this week.

  • News

    Arkansas searches property management

    2009-01-29T16:59:00Z

    US – The $8.4bn Arkansas Teacher Retirement System (ATRS) it is looking to appoint a real estate manager to manage a $140m (€107m) property portfolio.

  • News

    Economic freeze hits Alaska’s investments

    2009-01-29T16:53:00Z

    US – The Alaska Permanent Fund Corporation’s (APFC’s) real estate portfolio performed better than other assets but has still contributed to the fund’s $4.2bn (€3.2bn) drop in value in the second quarter of fiscal year 2009.

  • News

    Hermes' Evans moves into new role

    2009-01-26T16:45:00Z

    GLOBAL – Hermes, the pension fund manager owned by the BT Pension Scheme, has reshuffled its property team as part of a new strategy that will focus on investing in debt and listed company shares.