Real Estate News – Page 768

  • News

    Marcus regenerates the development chair

    2008-08-11T17:53:00Z

    UK - Ian Marcus, chairman of the European Real Estate Investment Banking at Credit Suisse, is extending his duties in the real estate market and moving into the chairmanship of The Prince’s Regeneration Trust.

  • News

    Schroders seeks growth on agricultural land

    2008-08-11T17:52:00Z

    GLOBAL – Schroders, the asset manager, is hoping to tap into growing global demand for food production by investing in agricultural land.

  • News

    Deka’s Westinvest eyes bargains in Lithuania

    2008-08-11T17:46:00Z

    LITHUANIA – Deka Immobilien, the German asset manager, has shown renewed interest in the Lithuanian retail property market despite inflation pressures on the local economy, by purchasing the Akropolis shopping centre in Vilnius.

  • News

    NYSTRS provides the finance for real estate mortgages

    2008-08-07T17:25:00Z

    UNITED STATES - New York State Teachers Retirement System has expanded its real estate portfolio with a commitment to several mortgaged transactions and a commingled fund.

  • News

    Ohio School Employees commits to office fund

    2008-08-07T17:23:00Z

    UNITED STATES - School Employees Retirement System of Ohio has approved a commitment of $50m (€32.1m) into the Beacon Capital Strategic Partners VI commingled fund.

  • News

    Contra Costa County sees a debt opportunity

    2008-08-07T17:21:00Z

    UNITED STATES- Contra Costa County Employees’ Retirement Association has approved a $75m (€48.6m) commitment into the ING Clarion Debt Opportunity Fund II – its first investment in a debt fund focused on real estate.

  • News

    PBGC eyes move into real estate

    2008-08-04T17:02:00Z

    UNITED STATES – The Pension Benefit Guaranty Corporation (PBGC) is looking at investing in real estate for the first time and is therefore seeking strategic partnerships so it may allocate up to $2.5bn (€1.6bn) in the sector.

  • News

    European office still seen as positive space

    2008-08-04T16:59:00Z

    EUROPE - Rents will fall but much of the European office market is likely to remain positive in the near future, even though at least 20% of the tenant base in major cities is in financial services, suggests Pramerica.

  • News

    European focus shifts to air and rail operators

    2008-08-04T16:57:00Z

    EUROPE – Infrastructure asset managers say new investment opportunities could be emerging for institutional investors as a flurry of new deals are expected to come to the market in the management of air and rail operators.

  • News

    Real estate teams sign expertise

    2008-08-04T16:54:00Z

    EUROPE – Asset managers Prupim and First State Investments have made changes to their real estate teams which they hope will improve their positions in the retail and infrastructure markets.

  • News

    Talking Point: Moving into the distressed debt gap

    2008-08-04T10:50:00Z

    News has slowly emerged over recent months of plans by US pension funds in particular to allocate some of their real estate assets to distressed debt opportunities, in light of the credit crunch. But just open is the market to new investors, and are there the opportunities.

  • News

    Alaska Permanent Fund makes major commitment to infrastructure

    2008-07-31T17:34:00Z

    UNITED STATES - The Alaska Permanent Fund Corporation has approved new commitments for infrastructure totaling $750m (€476.2m).

  • News

    Los Angeles City places capital into debt fund

    2008-07-31T17:31:00Z

    UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (€12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.

  • News

    Pennsylvania State moves capital into distressed fund

    2008-07-31T17:28:00Z

    UNITED STATES - Pennsylvania State Employees Retirement System has approved a $15m (€9.5m) into Arden Real Estate Fund I - a distressed real estate fund.

  • News

    ING Clarion closes in on value-added space

    2008-07-31T17:25:00Z

    UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (€105.4m) worth of transactions.

  • News

    ABP joint venture spends €2.7bn in shopping spree

    2008-07-29T16:25:00Z

    NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).

  • News

    Québec enters scramble for Russia

    2008-07-28T16:58:00Z

    CANADA/RUSSIA - Ivanhoe Cambridge, the €8bn shopping centre subsidiary of the CA$155.4bn (€98.3bn) Caisse de dépôt et placement du Québec, has acquired a Moscow shopping centre for an undisclosed figure.

  • News

    Consortium completes German HighStreet purchase

    2008-07-28T16:56:00Z

    GERMANY – A consortium comprising of RREEF Alternative Investments, the Borletti Group, the Generali Group, and Pirelli RE today announced it has completed the acquisition of a 49% stake in “Highstreet”, the investment company owning the majority of Karstadt’s German department store premises.

  • News

    Opt for Reading over Riyadh - fund manager

    2008-07-28T16:53:00Z

    MIDDLE EAST – Pension fund real estate investors should steer clear of the Middle East property, use debt if you can get it, and wait for a property market turnaround in the UK, according to asset managers.

  • News

    Market expansion ends at Leipzig

    2008-07-28T16:43:00Z

    GERMANY - The outward spread of Germany’s property market will halt at Leipzig, the outpost of international investibility, according to Sascha Hettrich, managing partner of King Sturge’s German office.