Real Estate News – Page 764

  • News

    Dallas Police & Fire helps fund retail venture

    2008-10-09T17:38:00Z

    UNITED STATES - Dallas Police & Fire Pension System is the capital source behind a global capital relationship with its real estate manager CDK Realty Advisors and RED Development, which will invest in retail property.

  • News

    Alaska Retirement holds back from real estate

    2008-10-09T17:37:00Z

    UNITED STATES - Alaska Retirement Management Board has decided not to allocate any new capital to real estate investment in fiscal 2009.

  • News

    Cornerstone gets ready to close hotel bookings

    2008-10-09T17:36:00Z

    UNITED STATES - Cornerstone Real Estate Advisers is getting ready to close the capital raising on its Cornerstone Hotel Income & Equity Fund II, having persuaded investors to commit $466m (€340.5m) to the fund.

  • News

    Pennsylvania Public School takes $286m risk

    2008-10-09T17:33:00Z

    UNITED STATES - Pennsylvania Public School Employees Retirement System has allocated $286m (€210m) in two commingled funds to target high returns in European mortgages and Asia.

  • News

    PREA Conference presents a gloomy future

    2008-10-09T17:32:00Z

    UNITED STATES – The pension fund real estate industry painted a pretty negative outlook for real estate investing at the Pension Real Estate Association’s 18th Annual Plan Sponsor Conference in Chicago last week.

  • News

    BP deal squares up to property downturn

    2008-10-07T17:29:00Z

    UK- BP’s pension fund real estate arm Ropemaker Properties has formed a £100m UK investment fund called Cubemaker Partnership with London-based property company Cube Real Estate, that aims to take advantage of the economic downturn and acquire cheap assets.

  • News

    London tops the office expenses

    2008-10-06T17:25:00Z

    UK - London remains the most expensive office market in the world, according to the latest research by London-based global commercial property investment consultants, CB Richard Ellis (CBRE).

  • News

    DEGI continues European expansion

    2008-10-06T17:24:00Z

    BELGIUM – DEGI, the €6bn German specialist property investment group, has bought a major European Union (EU) office complex in Brussels, in a deal worth €90m.

  • News

    Singapore expected to bounce back strongly

    2008-10-06T17:20:00Z

    SINGAPORE - Singapore remains the centre of choice in Asia for long-term investors seeking stable real estate investment returns, according to a new survey by iProperty.com.

  • News

    German investors dominate in falling London markets

    2008-10-06T17:19:00Z

    EUROPE - The Central London commercial property markets are continuing to fall under pressure from the current financial and economic crisis but indicators suggest overseas investors are still willing to consider deals, according to London-based commercial real estate services firm Cushman & Wakefield.

  • News

    Swiss funds still favour real estate

    2008-10-02T22:40:00Z

    SWITZERLAND – Nine out of 10 Swiss pensions funds are indirectly invested in real estate while the majority also directly invest in the market, according to research from real estate investment specialist Sal Oppenheim.

  • News

    CalSTRS prepares for market turn

    2008-10-02T22:38:00Z

    UNITED STATES - California State Teachers Retirement System is investing capital with existing real estate managers so these firms will have capital ready to place in the real estate market when conditions start to improve.

  • News

    Oregon PERF moves into infrastructure

    2008-10-02T22:35:00Z

    UNITED STATES - Oregon Public Employees Retirement Fund has made its first move into an infrastructure commingled fund and approved a $200m (€140.3m) commitment into the Alinda Infrastructure Fund II.

  • News

    New York State takes $450m investment opportunity

    2008-10-02T22:31:00Z

    UNITED STATES - New York State Common Retirement Fund has approved $450m (€308.2m) of commitments into three opportunity funds, in a bid to generate projected gross IRR of 20%.

  • News

    ING Clarion takes its talent to Brazil

    2008-10-02T18:50:00Z

    UNITED STATES - ING Clarion Partners is tapping its in-house investment expertise and opening a regional investment office in Brazil for the first time.

  • News

    Felix turns off the road and into Aviva

    2008-09-29T17:35:00Z

    UNITED STATES – Steve Felix, well-known in the pensions and institutional real estate market, is leaving his full-time writing behind and joining Aviva Investors to become head of marketing for its North American real estate multi-manager products.

  • News

    Union seeks growth through Axa CEO

    2008-09-29T17:02:00Z

    GERMANY - Hamburg-based investment management firm Union Investment Real Estate (Union) has appointed Karl-Joseph Hermanns-Engel to its management board with specific responsibility for the €14bn firm’s international asset management operations.

  • News

    Russia to be avoided, warns JP Morgan

    2008-09-29T16:52:00Z

    RUSSIA - Investors should avoid Russia as a potential area of growth as its property markets will be the hardest hit if the world’s largest country is drawn to the impending global recession, JP Morgan Chase has claimed.

  • News

    Germany steps in protect Hypo’s funds behind the funds

    2008-09-29T16:32:00Z

    GERMANY – A consortium of German banks has stepped in at the eleventh hour to provide Hypo Real Estate, a provider of loans and financing to real estate purchases and funds, with assets to meet its financing obligations.

  • News

    Three out of four funds stand firm to real estate

    2008-09-25T18:17:00Z

    UK – Three-quarters of UK pension funds are either maintaining or increasing their current level of exposure to real estate despite the recent turmoil in their domestic commercial property market.