Real Estate News – Page 767

  • News

    ING Real Estate caps its property finance (amended)

    2008-08-26T14:15:00Z

    NETHERLANDS - ING Real Estate is limiting its financing of property investments in the Netherlands in order to spread the risks within the ING Group.

  • News

    CalPERS sets new frontiers for markets and infrastructure

    2008-08-21T17:36:00Z

    UNITED STATES - California Public Employees Retirement System has formulated ranges for investing additional capital in emerging and frontier markets and put unveiled its investment guidelines for investing in infrastructure.

  • News

    Pennsylvania Public School invests $775m

    2008-08-21T17:33:00Z

    UNITED STATES - Pennsylvania Public School Employees Retirement System has approved new real estate commitments totaling $775m (€526.4m) in four commingled funds, including a $400m chunk with Beacon Capital.

  • News

    Pramerica venture to invest in Manhattan skyline

    2008-08-21T17:32:00Z

    UNITED STATES - Pramerica Real Estate Investors has formed a joint venture with L&L Holding Company to invest in New York City office buildings.

  • News

    Contra Costa County seeks moves into wider space

    2008-08-21T17:28:00Z

    UNITED STATES - Contra Costa County Employees Retirement System is looking to make some big moves into the opportunity fund sector of real estate.

  • News

    San Francisco City and County turn to distressed debt

    2008-08-21T17:26:00Z

    UNITED STATES - San Francisco City and County Employees’ Retirement System has made a €20m commitment into the Apollo European Principal Finance fund, to tap into the growing demand for distressed debt support.

  • News

    USS confirmed among Tesco store buyers

    2008-08-21T15:37:00Z

    UK – The £28.5bn (€35.6bn) Universities’ Superannuation Scheme was today officially named as one of four buyers involved in the latest £605m sale and leaseback of UK stores owned by supermarket giant Tesco.

  • News

    Institutional inflows raise IVG assets to 2007 level

    2008-08-18T17:13:00Z

    GERMANY – German real estate company IVG has refilled its assets under management basket after a slump in the first quarter of 2008, thanks to institutional interest in indirect real estate.

  • News

    Rate margins push SNS' property profits

    2008-08-18T17:00:00Z

    NETHERLANDS - Bancassurer SNS Reaal has revealed SNS Property Finance’s profit rose by 15.9% to €51m in the first half of 2008 thanks largely to a higher interest rate margin.

  • News

    CPPIB settles Auckland takeover costs

    2008-08-18T15:43:00Z

    CANADA/NEW ZEALAND – The Canada Pension Plan Investment Board has managed to secure a deal with Auckland International Airport for costs related to the collapse of its partial takeover.

  • News

    Sources confirm Tesco/USS real estate deal

    2008-08-18T12:38:00Z

    UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.

  • News

    Swiss-backed AIFAA expands US strategy to Texas

    2008-08-14T18:10:00Z

    UNITED STATES - AIFAA, an investment company backed by 12 Swiss pension funds, has extended its real estate portfolio to Texas for the first time with the $82m (€54.8m) acquisition of the Wells Fargo Tower office building in Austin, Texas.

  • News

    Mass PRIM buys its first properties of ‘08

    2008-08-14T18:08:00Z

    UNITED STATES - Massachusetts Pension Reserves Investment Management Board has closed the deal on its first two direct property acquisitions in 2008 and paid a total of $177.1m (€118.6m) for the assets.

  • News

    MIT index sees price decline in Q2

    2008-08-14T18:05:00Z

    UNITED STATES – The MIT Center for Real Estate has seen transaction sales prices of its commercial property sold by major institutional investors decline by 2.7% in the second quarter of 2008.

  • News

    Real estate execs express doom and gloom

    2008-08-14T18:04:00Z

    UNITED STATES - Leaders in commercial real estate for the office, retail, industrial, hospitality, and multifamily sectors are facing an increasingly gloomy outlook, according to a survey conducted by the Real Estate Roundtable.

  • News

    AEW breaks through Asia fund capital target

    2008-08-14T18:03:00Z

    UNITED STATES - AEW Capital Management has topped the original capital-raising set on its first direct real estate Asian investment commingled fund, as pension funds and investors are keen to diversify into new markets.

  • News

    Illinois Teachers targets emerging managers real estate programme

    2008-08-14T18:02:00Z

    UNITED STATES – The Teachers’ Retirement System of the State of Illinois is planning to create an emerging manager programme as part of its future real estate investment programme.

  • News

    US giant huddles up to London

    2008-08-13T15:35:00Z

    UK – Mark Wood, managing director of US pension fund giant TIAA-CREF’s global real estate business, has revealed the newly-launched London office is an attempt to “make sure we are as close to the market as we can be.”

  • News

    TIAA-CREF hunts real estate via London office

    2008-08-12T15:35:00Z

    US/UK – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second largest retirement plan in the US with assets of $420bn (€281bn), has launched its first overseas office in London.

  • News

    Quebec extends its Brazilian shopping space

    2008-08-11T17:59:00Z

    CANADA/BRAZIL – Ivanhoe Investments, the real estate management subsidiary of Canada’s largest pension fund, has boosted its position in Brazil with the purchase of four shopping centres and more than doubled its stake in a local property partner.