Real Estate News – Page 771
-
News
Washington State sinks $1.2bn into real estate and infrastructure
UNITED STATES - Washington State Investment Board is putting $1.2bn (€770.7bn) into a combination of real estate and infrastructure investments, and taking advantage of the need for debt liquidity in the market.
-
News
CalSTRS invests $1bn in real estate in Q1
UNITED STATES - California State Teachers Retirement System approved investments totalling just over $1bn (€642.2m) into real estate for the first quarter of 2008, in a mixture of core and tactical investments.
-
News
Orange County turns away from separate accounts
UNITED STATES - Orange County Employees Retirement System has started the process of investing in commingled real estate funds and moving away from separate accounts.
-
News
New Jersey turns attention to non-core real estate
UNITED STATES - New Jersey Division of Investment has approved $250m (€161.4m) worth of commitments to non-core real estate.
-
News
NPRF targets Irish infrstructure
IRELAND – The National Pension Reserve Fund (NPRF) has reaffirmed its desire to invest at least €200m in domestic public sector infrastructure projects, particularly as there is likely to be a shortage of assets for these projects going forward.
-
News
Norway to push sustainability in real estate
NORWAY – The Norwegian Ministry of Finance has issued a public consultation on the evaluation of ethical guidelines for the Government Pension Fund – Global, which reveal environmental concerns will be an important factor in the management of its real estate portfolio.
-
News
Staffordshire hires JLL to value property portfolio
UK - Staffordshire Pension Fund has hired Jones Lang Lasalle as valuer for its £233.5m (€292m) UK direct property portfolio, replacing Cushman & Wakefield.
-
News
BPT beats off Quebec pension fund for Russian assets
RUSSIA - The Baltic Property Trust Group (BPT) has beaten off Russia-hungry rival investors to acquire its latest asset in the market: the first phase of the Country Park business centre in Moscow.
-
News
Pension funds cut managers and look again at Europe
EUROPE - Pension funds are slashing the number of property fund managers they deal with, at the same time as increasing their allocations to an asset class they now see as core to their investment strategies.
-
News
McKinsey sees Middle East infrastructure soaring
MIDDLE EAST - Middle East institutional investors with liquid funds will dominate infrastructure in their domestic region, according to McKinsey experts.
-
News
Pramerica books space at Mexican resort
UNITED STATES - Pramerica Real Estate Investors is expecting to invest as much as $800m (€517m) over several years in a joint venture to develop the second phase of a project along the Sea of Cortez in Mexico, known as CostaBaja Resort & Marina.
-
News
SanFran City & County ups real estate assets by 2%
UNITED STATES - San Francisco City & County Employees’ Retirement System has decided to increase its exposure to real estate to 12%.
-
News
Maryland sees value in adding to real estate
UNITED STATES - Maryland State Retirement System has signed a deal to invest with a new manager to the fund, by committing $100m (€64.6m) to the Rockwood Capital Real Estate Partners VIII fund.
-
News
LACERA extends its hotel funds holding
UNITED STATES - Los Angeles County Employees Retirement Association has further diversified of its assets into hotel investments, and approved a $100m (€64.5m) commitment to the Starwood Capital Global Hospitality Fund II.
-
News
Managers launch green standard for old assets
EUROPE - A consortium containing four of Europe’s largest property investors has developed what it claims is the first standard to measure the sustainability of existing buildings.
-
News
Japanese returns head for zero
JAPAN - Slowing capital growth is accelerating Japanese property’s downward growth trend, according to IPD, as new figures show there was a 5% fall in return to 11% between January and February.
-
News
Hotels grow – but outside Europe
EUROPE - The hotel sector’s centre of gravity has lurched away from Europe, according to Martin Armitstead, DTZ’S managing director of EMEA hospitality.
-
News
Care and cure ‘perfect for pension funds’
EUROPE - ‘Care and cure’ property assets are gaining appeal among pension funds because they offer a hedge against the broader economic downturn, according to ING Real Estate fund manager Wietse de Vries.
-
News
Russian infrastructure spending to soar
RUSSIA –The Russian government has decided to increase infrastructure spending to over $1trn (€650bn) over the next 10-15 years, creating attractive investment opportunities in the Russian infrastructure market, suggests Pictet, the Swiss private bank.
-
News
CalPERS-backed real estate entity files Chapter 11
UNITED STATES - LandSource Communities Development LLC, a US land investment entity backed by California Public Employees Retirement System, the largest pension fund in the United States, has filed for Chapter 11 bankruptcy protection.
