All Regulation articles – Page 27
-
News
BPF Bouw becomes latest victim to property fraud
NETHERLANDS - The €25bn pension fund for the construction industry BPF Bouw is understood to be the latest victim of the large-scale property fraud which has affected the company pension scheme of electronics giant Philips.
-
News
Cost of fraud triples for Philips fund
NETHERLANDS – The €13.4bn Dutch pension fund of electronics major Philips has executed several sequestrations in relation to its involvement in the recent property fraud, which is now estimated to have cost the fund €150m.
-
News
‘Reform planning process or face blackout’
UK - Opposition to planning reforms threatens to squeeze private-sector investment out of UK infrastructure, according to employers’ body the Confederation of British Industry (CBI).
-
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
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.
-
News
Stay out of politics, OECD tells SWFs
GLOBAL - The OECD has apparently softened its stance on sovereign wealth funds (SWFs), welcoming their “constructive contribution” to economic development and lauding them as “a force for global financial stability”.
-
News
Property corporate governance ‘varied’
EUROPE - An EPRA study has shown there is no pan-European pattern in corporate governance across property firms – though the mean scraped a pass, scoring 9.73 out of 16.
-
News
Property investors see "mixed blessing" in SWFs
GLOBAL - Sovereign wealth funds' (SWF) growing appetite for core real estate is a mixed blessing for the institutional market, delegates heard at the IPD European Property Investment Conference in Berlin this week.
-
News
INREV follows for the fashion for style
EUROPE – INREV, the European Association for investors in non-listed real estate funds, has introduced a ‘style’ index to help pension funds and institutional investors can benchmark their funds by investment style.
-
News
Real estate sector pressed to embrace 'professionalisation'
GLOBAL – Fund managers in the real estate investment market will face increasing calls for the transparency, standardisation and ‘beta-matching’ lower fees which investors now expect in other asset classes, speakers at the INREV annual conference have suggested.
-
News
UK residential 'risky' despite 2007 returns
UK - Market fragmentation and unfavourable tax treatment are scuppering attempts to widen investment in the UK residential, Savills director Jacqui Daley said last week.
-
News
Norway pension fund allocates 5% to real estate
NORWAY – Europe’s largest pension fund, the NOK2136bn (€267bn)Norwegian Government Pension Fund – Global, has said it will switch 5%of its asset to real estate, while moving more money into emerging markets.
-
News
Asia gains local real estate education
ASIA - The Asian Public Real Estate Association (APREA), which represents the listed sector, has launched a certification programme for regional real estate investors.
-
News
Sustainability standards possible in two years
EUROPE - Global reporting standards on real estate sustainability are achievable in two years, delegates were told at the British Property Federation’s first ever international sustainability session at last week’s MIPIM convention in Cannes.
-
News
Philips fund ups real estate sale as experts mull liability
NETHERLANDS – The €14.6bn Dutch pension fund of electronics giantPhilips has further dismantled its real estate portfolio, a processinitiated following an investigation started into the alleged realtyfraud within the fund.
-
News
AP3 urges lifting of infrastructure limits
SWEDEN - Swedish buffer fund AP3 is stepping up its efforts to persuade the Swedish government to lift restrictions on pension fund investments in infrastructure.
-
News
EC pursues UK and Belgium over EPC status
EUROPE – The Belgian and UK governments are being taken to task by the European Commission for their failure to implement EU requirements stating how energy performance in buildings is measured.
-
News
DNB steps up scrutiny on Philips real estate scandal
NETHERLANDS – DNB, the supervisor of the Dutch pension sector, saidit is increasing its review of real estate transactions done by withDutch pension funds, on the back of fraud uncovered at the Philipspension fund, as well as increased volatility on the international realestate markets.
-
News
GIC’s Russian venture comes with promise of disclosure
RUSSIA - The real estate subsidiary of GIC, the Singapore sovereign wealth fund (SWF), is to develop a new suburb outside Moscow via a joint venture with Russian residential developer PIK.
-
News
Technical change hits PFZW property returns
NETHERLANDS - PFZW, the €88bn Dutch pension scheme formerly known as PGGM, said it would maintain its current property allocation despite the portfolio’s significant underperformance in the last quarter.
