Real Estate News – Page 761

  • News

    Europe to produce ‘acceptable’ returns in the medium-term

    2008-11-17T16:22:00Z

    EUROPE – Investors can generate “acceptable or attractive” returns from most of the European markets over the medium-term, according to a report by Invesco Real Estate.

  • News

    Orion ready for European bargains

    2008-11-17T16:20:00Z

    Europe – Orion Capital Managers has raised €900m of capital for its latest opportunistic property fund which will aim to buy bargain real estate across Europe.

  • News

    CalPERS’s housing values plummet

    2008-11-13T16:37:00Z

    UNITED STATES – The California Public Employees’ Retirement System (CalPERS) announced yesterday a 35% decline in the market value of its residential real estate portfolio.

  • News

    Prologis loses chief and halts new developments

    2008-11-13T16:35:00Z

    GLOBAL – ProLogis, the world’s largest logistics developer, has announced the resignation of chief executive officer Jeffrey Schwartz at a time when the company is halting further developments.

  • News

    CalSTRS forced to expand allocation limits

    2008-11-13T16:33:00Z

    US – The California State Teachers Retirement System (CalSTRS) has temporarily increased its real estate allocation range to prevent the need to sell assets during a downturn.

  • News

    German funds hit hardest by institutional outflows

    2008-11-13T16:27:00Z

    GERMANY – Recent redemptions from German open-ended funds (GOEFs) were “mainly driven by institutional investors rather than retail investors,” according to a senior analyst for CB Richard Ellis.

  • News

    Land Securities abandons demerger plans

    2008-11-13T16:26:00Z

    UK – Land Securities announced yesterday in its half-yearly annual results that “adverse market conditions” have forced the firm to abandon its demerger plans in order to protect shareholders’ interests.

  • News

    LaSalle launches UK opportunity fund

    2008-11-13T16:21:00Z

    UK – LaSalle Investment Management is raising a £400m (€487m) opportunity fund to take advantage of declining property values and potential distress in the UK real estate market.

  • News

    Foreign investors get smaller piece of the pie

    2008-11-13T16:20:00Z

    CHINA – Domestic investors took an increasing larger share of the real estate investment market in China in the first half of the year, a report by property consultants DTZ shows.

  • News

    NYSTRS invests in warehousing and debt

    2008-11-13T16:15:00Z

    UNITED STATES – New York State Teachers’ Retirement System (NYSTRS) has added to its real estate portfolio by investing in an industrial commingled fund and by making several investments in debt real estate.

  • News

    More flexibility or Spanish REITs will flounder – Testa

    2008-11-10T17:00:00Z

    SPAIN – The Spanish government’s drafted legislation for real estate investment trusts (REITs) must be made more flexible in order to encourage the sector to develop, delegates heard at the latest Urban Land Institute (ULI) conference.

  • News

    Sustainable leases get the green light

    2008-11-10T16:40:00Z

    UK – The first clear framework to help landlords and occupiers increase the environmental performance of existing buildings has been published, claims the UK’s Better Building Partnership (BBP).

  • News

    Crisis of confidence for UK property

    2008-11-10T16:35:00Z

    UK – Confidence has collapsed across the UK real estate sector according to Smith & Williamson’s latest annual survey.

  • News

    Opportunistic funds continue to attract capital – Clerestory

    2008-11-10T16:30:00Z

    GLOBAL – Capital continues to be raised globally for opportunistic real estate funds, albeit at a slower pace, despite the credit crunch and falling economic growth, according to research from Clerestory Capital Partners.

  • News

    Axa REIM shifts into distressed debt

    2008-11-10T16:25:00Z

    EUROPE – Axa REIM, the real estate arm of Axa Investment Managers Group, is holding back from investing in European markets because it predicts property prices will drop even further and will concentrate on buying distressed debt.

  • News

    CEE real estate growth is kicked into the tall grass

    2008-11-07T15:00:00Z

    EUROPE – Real estate markets in Central and Eastern European (CEE) countries will not escape the effects of the financial crisis over the next couple of years and are potentially risky choices for investors who are considering re-entering the markets, according to Nadja Savic, associate for CB Richard Ellis Investors ...

  • News

    US may correct by 30% - JER Partners

    2008-11-06T18:06:00Z

    UNITED STATES - With the US entering the worst recession for 25 years, "the US real estate market may reprice by up to 30% following the correction of 10-20% that has already taken place," Michael Pralle, CIO and COO of US-based fund manager JER Partners, has told IPE Real Estate.

  • News

    UK market tipped as first to recover and invest

    2008-11-06T18:04:00Z

    UK/GLOBAL - The UK’s real estate market is predicted to be among the first to exit the economic downturn ahead of more volatile markets, according to analysts’ speaking at the Barcelona Meeting Point this week.

  • News

    Illinois Teachers reviews five-year strategy

    2008-11-06T18:02:00Z

    UNITED STATES - Teacher Retirement System for the State of Illinois is looking at making several changes to its real estate strategy as part of its five-year plan for real estate.

  • News

    Opposing markets halt TKP’s real estate gains

    2008-11-06T18:01:00Z

    NETHERLANDS – TKP Pensioen has revealed the financial crisis has brought the performance growth of its real estate investments to a standstill.