All articles by Richard Lowe – Page 71
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UK real estate values to fall in 2011, offset by income returns, says Invista
UK – The recovery in capital values in the UK real estate market slowed to a crawl in October and is expected to see a reversal in fortunes over 2011.
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Solvency II will lead 75% of European insurers to revise property strategies
EUROPE – Close to three-quarters of European insurance companies will revise their real estate commitments as a result of incoming Solvency II regulations, according to data providers Preqin.
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Investors flock to DIC Asset's German office fund
GERMANY – DIC Asset has secured more than three-quarters of the €117m capital raising target for its inaugural special investment fund.
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Germany's BVK sells Paris office after 10 years of ownership
EUROPE – German pension fund Bayerische Versorgungskammer (BVK) has sold a Paris office building that it has owned for 10 years.
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VastNed Retail builds up Turkish portfolio to €90m
TURKEY – Pan-European retail property fund VastNed Retail has acquired its seventh prime high street shop in the heart of Istanbul, taking its total investment in Turkey to €90m.
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Capital Symonds launches real estate advisory, management arm
UK – Capita Symonds, a subsidiary of outsourcing giant Capita, is merging its former construction project management business with the recently acquired NB Real Estate to create a global "end-to-end" property advisory and asset management offering.
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Monday people roundup
GLOBAL – Europa Capital, Hearthstone Investments, CB Richard Ellis Investors, Savills, Residential Land
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Ontario pension funds take over UK's high-speed rail network
UK – The UK government has sold the high-speed rail network connecting London to the Channel Tunnel to two Canadian pension funds for £2.1bn (€2.43bn).
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Pradera begins raising capital for UK retail park 'club fund'
UK – Pradera UK has secured £75m (€85.6m) from a European pension fund to invest in UK retail parks and is hoping to raise a further £175m from several other investors currently undertaking due diligence.
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ING REIM forecasts broad European rental recovery in 2011
EUROPE – Prime real estate rents in Europe are to see a broad-based recovery from 2011, despite doubts over the economic outlook, according to ING Real Estate Investment Management.
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UK commercial rally running out of steam, says IPD
UK – Investment Property Databank (IPD) has warned that the rally in the UK commercial real estate market is all but over, with the third quarter seeing the shallowest period of capital growth in 2010.
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Norway's Pension Fund Global Fund makes first foray into real estate
EUROPE – Norges Bank has made its first real estate investment for the Norwegian Government Pension Fund Global, acquiring a 25% stake in The Crown Estate's Regent Street portfolio in London.
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Ignis launches separate real estate arm, appoints Hutcheson as MD
UK – Ignis Asset Management has launched a standalone real estate business following inflows of more than £800m (€923m) into its existing property funds in 2010.
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Irish commercial real estate continues to slide, IPD says
IRELAND – The commercial real estate market in Ireland continued to see declines in capital values in the third quarter, meaning the market has been falling for more than three years, according to Investment Property Databank (IPD).
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CPPIB, LaSalle join forces on German shopping centre
GLOBAL – DEGI Europa, the open-ended real estate fund in the process of liquidating its assets, has sold a shopping centre in Germany for €157.3m to the Canada Pension Plan Investment Board (CPPIB) and LaSalle Investment Management.
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Goodman, Europa Capital to develop UK logistics
UK – Goodman and Europa Capital have entered into a joint venture to acquire land sites in the UK for the development of distribution and logistics properties.
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Thursday people roundup
GLOBAL – Pimco, Brockton Capital, Valad Europe, BNP Paribas Real Estate, HGA Capital, KBW
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Investors beginning to weigh up fund terminations, says INREV
EUROPE – Real estate investors are beginning to consider liquidation as a fund exit strategy for the first time since 2007, according to the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
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IPD shines light on Asian property performance
GLOBAL – Investment Property Databank (IPD) has provided the first-ever approximation of a pan-Asian real estate index, based on pooling data from markets in Japan, Hong Kong, China, Korea, Malaysia, Singapore and Thailand.
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APG joins group aiming to take over ING's €850m industrial portfolio
GLOBAL – Algemene Pensioen Groep (APG) is one of a number major global investors – also believed to include Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC) – seeking to acquire a A$1.2bn (€846m) industrial portfolio from ING Real Estate Investment Management.