Retail – Page 97
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News
Institutions start to buy Spanish shopping malls
EUROPE – CPPIB, Intu acquire Parque Principado for €162m, while Henderson makes investment case.
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North American investment in European retail property soars
GLOBAL – American investors snap up €1.6bn in sector over first half of year.
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IPD index shows UK commercial property on rise
UK – Total returns increase to highest level since March 2011, according to UK Monthly Index.
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BP pension fund swaps retail parks with M&G for supermarket
UK – CEO says swap focuses property portfolio more on liability-matching holdings.
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Risk appetite remains low despite lack of core, finds Union
EUROPE – Survey of German, French and UK investors finds significant differences in risk appetite.
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Tennessee Consolidated considers adding additional real estate managers
UNITED STATES - Pension fund puts out questionnaire and will award five-year contracts.
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Cordea Savills, Merchant to launch investment platform in Japan
ASIA – Business to offer products ranging from pooled funds to single-asset mandates.
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Recovery in UK commercial real estate spreads beyond London
UK – Investors shift focus to opportunities outside London, including regional offices.
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CPPIB to acquire interest in Brazilian retail portfolio
GLOBAL – Canadian pension fund buys stake in Aliansce Shopping Centres for $480m.
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German institutions to lead Spanish property revival
SPAIN – Savills, Henderson highlight market recovery, while Union prepares to re-enter.
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IPD sees cautious UK real estate recovery as rising values spread
UK – While Central London remains chief driver, regions showing signs of upswing.
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PensionDanmark, PKA invest in Copenhagen construction projects
DENMARK – Pension funds make separate investments in harbour-side district of Islands Brygge.
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Switzerland's Corestate creates German property management subsidiary
EUROPE – Strategy includes acquisition of existing management companies for further growth.
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Henderson to manage AustralianSuper UK retail property strategy
GLOBAL – Pension fund aims to expand property investment significantly over next five years.
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Texas Teachers sets aside another $430m for real estate investment
NORTH AMERICA – Pension fund allocates €100m to Tristan Capital Partners' EPISO 3.
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Europeans still wary of US real estate despite improving fundamentals
GLOBAL – Report finds growing institutional interest from every region except Europe.
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AnalysisNews analysis: The evolving UK housing market
Institutional investors size up market as government incentives increase risk of bubble.
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Australia's QIC forms $2bn joint venture with Forest City
NORTH AMERICA – Manager for Queensland government invests in retail malls across US.
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CalSTRS makes $200m of investments into real estate
NORTH AMERICA – Pension fund OKs $125m investment into community retail development JV.
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US roundup: Oregon Public Employees, U of California, New Mexico
NORTH AMERICA – Oregon Public Employees Retirement Fund earmarks $200m for value-added.



