All articles by Richard Lowe – Page 69
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ATP signs off €700m for indirect real estate investments
DENMARK – Denmark's largest pension fund, ATP, has allocated a further €700m to invest in real estate funds, joint ventures and club deals through its subsidiary ATP Real Estate.
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Vasakronan makes Sweden's largest real estate purchase
SWEDEN – Vasakronan, the real estate company owned by Sweden's national buffer funds, has acquired the Blåmannen 20 city block in Stockholm, known as Klara Zenit, in its entirety for SEK4.35bn (€487m).
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Ohio Police & Fire issues redemption queues on open-ended funds
GLOBAL – The Ohio Police & Fire Pension Fund has decided to issue redemption queues for two open-ended commingled funds in which it has invested.
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Dutch pension funds offload Rotterdam courts to GBA
NETHERLANDS – A group including Dutch pension funds KPN and TNT has sold the Wilhelminahof offices and courts complex in Rotterdam for €220m to the Dutch Government Buildings Agency (GBA).
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Insurers commit to European debt through AXA Real Estate
EUROPE – AXA Real Estate Investment Managers has secured €1.5bn in insurance company capital to provide European real estate financing.
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Invesco-Ciloger partnership acquires German properties for French institutions
EUROPE – Invesco Real Estate and Ciloger have acquired 10 newly built retail assets in Germany for €218m on behalf of seven French institutional investors.
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Switzerland's AFIAA takes profits from Canadian investments
GLOBAL – AFIAA, the foundation owned by 20 Swiss pension funds, has sold three assets in Canada as part of an optimisation of its global real estate portfolio.
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Virginia makes $150m commitment to CIM urban fund
GLOBAL - Virginia Retirement System has approved a $150m (€113.8m) commitment to the CIM VI Urban REIT Fund. Pension fund officials stated that this commitment will be funded over the next four and a half years.
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Westbrook injects pension fund capital into O Twelve
GLOBAL – Westbrook Partners has injected £35m (€41.2m) in capital from its latest global opportunity fund into UK listed real estate company O Twelve Estates.
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Amplion buys Varma portfolio for Finnish institutions
FINLAND – Amplion Asset Management Oy has acquired a €100m real estate portfolio from Varma Mutual Pension Insurance Company on behalf of a number of Finnish institutional investors.
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ING Clarion buys DC area apartment building for €90m
GLOBAL - ING Clarion Partners has paid $118.5m (€90.1m) to acquire the 300-unit Millennium at Metropolitan Park in Arlington, Virginia.
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JP Morgan acquires its own London offices for more than €1bn
UK – Investment bank JP Morgan has taken ownership of 25 Bank Street in Canary Wharf, which will become its new European headquarters in 2012, and another London office housing its treasury and securities services division for close to £850m (€1.01bn).
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Thursday people roundup
GLOBAL – Valad, Asia Property Fund, SEGRO, Henderson Global Investors, Bouwfonds REIM, Urban Land Institute, UBS Global Asset Management, Scottish Widows Investment Partnership
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Thursday people roundup
GLOBAL – Valad, Asia Property Fund, SEGRO, Henderson Global Investors, Bouwfonds REIM, Urban Land Institute, UBS Global Asset Management, Scottish Widows Investment Partnership
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News
Thursday people roundup
GLOBAL – Valad, Asia Property Fund, SEGRO, Henderson Global Investors, Bouwfonds REIM, Urban Land Institute, UBS Global Asset Management, Scottish Widows Investment Partnership
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News
Thursday people roundup
GLOBAL – Valad, Asia Property Fund, SEGRO, Henderson Global Investors, Bouwfonds REIM, Urban Land Institute, UBS Global Asset Management, Scottish Widows Investment Partnership
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News
Less than a third of funds report TER, INREV finds
EUROPE – Less than a third of European non-listed real estate funds report total expense ratios (TER) to their investors, according to industry body INREV.
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INREV: Positive capital growth returns to continental Europe
EUROPE – The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has measured positive capital growth across the continental European property markets for the first time since 2007.
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CalPERS combines property, infrastructure and forestry in allocation overhaul
UNITED STATES – The California Public Employees’ Retirement System (CalPERS) has placed real estate, infrastructure and forestry in a ‘real’ assets bucket as part of an overhaul of its asset allocation strategy.
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Two JPMorgan Asset Management funds in €657m London office deal
UK – JPMorgan Asset Management (JPMAM) has acquired Bishops Square in London for £557m (€657m) for two of its institutional funds, highlighting continued demand for prime real estate in the capital.
