Real Estate News – Page 756

  • News

    AIG puts real estate house on the market

    2009-01-26T16:30:00Z

    US - AIG Global Real Estate has today announced the $12.4bn (€9.4bn) fund management business has been put up for sale, as part of the American International Group’s (AIG’s) divestment programme set out at the end of last year.

  • News

    Warburg-Henderson grows institutional client base

    2009-01-26T16:20:00Z

    GERMANY – German real estate company Warburg-Henderson has launched a Master KAG subsidiary and already won its first client.

  • News

    Inflows see DEGI alter redemptions ban

    2009-01-26T16:15:00Z

    GLOBAL – Deutsche Gesellschaft für Immobilienfonds mbH (DEGI), the German-based property investors, has announced it will end the suspension of redemptions from its DEGI International Fund at the end of this month following new capital inflows into the fund.

  • News

    Central London property presents a challenge - JLL

    2009-01-26T12:30:00Z

    UK – Investment levels across Central London fell by 66% last year and could lead to “one of the most challenging years on record” for real estate take-up in the capital, according to Jones Lang LaSalle’s latest Central London report.

  • News

    Maine Public Employees pushes ahead with real estate strategy

    2009-01-22T16:45:00Z

    UNITED STATES - Maine Public Employees Retirement System is moving ahead with plans to grow its real estate programme, as officials will begin the search for a real estate consultant with the next six months.

  • News

    LACERA changes real estate benchmark

    2009-01-22T16:38:00Z

    UNITED STATES - Los Angeles County Employees Retirement Association has approved a new returns benchmark for investing in real estate.

  • News

    UK pooled funds lose almost a third

    2009-01-22T16:30:00Z

    UK – Total annual returns for all pooled property funds hit -32% over 2008, according to the IPD UK Pooled Property Fund Indices’ fourth quarter results for 2008.

  • News

    Teesside hires LVAM to manage real estate

    2009-01-22T16:15:00Z

    UK – The £2bn (€2.1bn) Teesside Pension Fund, administered by Middlesbrough Council, has appointed LV Asset Management (LVAM) to manage the pension fund’s direct UK commercial property portfolio.

  • News

    Infrastructure investors to buy Puget Energy

    2009-01-22T16:00:00Z

    US – Puget Holdings LLC, a group of long-term infrastructure investors which includes the Canada Pension Plan Investment Board (CPPIB), expects to buyout Puget Energy and its wholly-owned subsidiary Puget Sound Energy (PSE) by early February.

  • News

    Morgan Stanley reopens revised infrastructure pool

    2009-01-22T15:40:00Z

    UNITED STATES – Morgan Stanley Investment Management (MSIM) has re-opened its Morgan Stanley Global Infrastructure Fund 1 to new investors in the United States, in anticipation of growing investment opportunities across the globe.

  • News

    Land Securities warns of tenancy pressures

    2009-01-22T15:30:00Z

    UK – Land Securities is retaining a “cautious outlook” of the property markets after registering an increase in empty properties within its portfolio, and fears property will continue on a downward spiral over the coming months.

  • News

    Merseyside rolls real estate investment contracts

    2009-01-22T14:25:00Z

    UK - Merseyside Pension Fund (MPF) has extended two major contracts for real estate investment services instead of exposing the pension fund to the pressures of the volatile property markets.

  • News

    Schroders to apply blind fund to Avon's strategy

    2009-01-22T12:30:00Z

    UK – The £2bn (€2.12bn) Avon Pension Fund, administered by Bath and North East Somerset Council, has appointed Schroders to manage a £90m UK property multi-manager mandate.

  • News

    Pension fund potential in CEE infrastructure

    2009-01-22T12:00:00Z

    CEE – Local investors should take the chance to grab stable investment opportunities ino Central and Eastern Europe while many foreign investors remain wary, according to Werner Weihs-Raabl, head of group infrastructure finance and public sector at Erste Group.

  • News

    Texas Teachers gets new head

    2009-01-19T15:45:00Z

    US – The Teacher Retirement System of Texas (TRS) has appointed Linus Wright as the system’s new chairman, following Jim Lee’s decision to resign from the post to pursue a new business venture.

  • News

    Aberdeen predicts UK property bounceback

    2009-01-19T15:15:00Z

    UK – Institutional investors, including UK pension funds, are likely to tap into the UK property market for attractive opportunities by the end of this year, according to Aberdeen Property Investors’ UK Property Snapshot.

  • News

    AREF appoints new chair

    2009-01-19T15:00:00Z

    UK – The Association of Real Estate Funds (AREF) has appointed Bill Hughes, managing director of Legal & General Property, as its new chairman.

  • News

    Japan real estate confirmed as falling year-on-year

    2009-01-19T14:45:00Z

    JAPAN – Japanese real estate has delivered its first negative year-on-year capital returns, according to figures released by the Investment Property Databank (IPD) which run to the end of the third quarter 2008.

  • News

    Purdon arrival to drive AREIT growth

    2009-01-19T14:30:00Z

    MIDDLE EAST – AREIT Management Limited, manager of the Arabian Real Estate Investment Trust (AREIT), has appointed Chris Purdon as chief investment officer (CIO) as part of the firm’s plans to tap iopportunities in the Middle East region.

  • News

    Chinese REIT hits the drawing board

    2009-01-15T17:18:00Z

    CHINA - China’s central bank is drafting proposals to introduce Real Estate Investment Trusts (REITS) in a bid to lessen liquidity constraints for domestic real estate developers.