All articles by Richard Lowe – Page 75
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News
Allianz plans to double real estate portfolio to €30bn
GERMANY – Allianz Real Estate is aiming to sell €1bn in small and secondary assets in Germany within 18 months as part of its ongoing project to double its portfolio to €30bn.
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MagazineBusting the dam
Investors on both sides of the Atlantic have begun to allocate new equity to real estate. But will capital flows over the next 12 months continue to be a trickle, or will investors finally open the floodgates? Richard Lowe investigates
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Magazine
From Birmingham to Brazil
The West Midlands Pension Fund has expanded its global portfolio fairly aggressively in recent years and learned some invaluable lessons along the way. Investment manager Mike Hardwick speaks to Richard Lowe about transparency and keeping faith with the commingled fund model
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Magazine
Under construction
TRUST Managers’ task of rebuilding trust among investor clients is still a work in progress. Those that do not heed the warning will not be able to raise capital. Richard Lowe reports
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News
Monday people roundup
GLOBAL – Schroders, ING Real Estate Investment Management, ING Investment Management, Matrix
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Magazine
Moving target
At the very start of the downturn, Andrew Thornton joined forces with Jos Short to set up an opportunity fund. He talks to Richard Lowe about how a change in strategy led to Internos managing €1.5bn in European assets in just under two years
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News
Unlisted fund market surging in Asia, says ANREV
GLOBAL – ANREV, the association for the Asian real estate funds industry, has estimated the aggregated gross asset value (GAV) of Asian non-listed funds has reached $130bn (€101bn).
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News
Multi-manager ING RE Select to deploy €500m in US, Asia
GLOBAL – European institutional investors have committed close to €500m this year to US and Asian real estate through ING Real Estate's multi-manager investment business.
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News
MGPA's opportunity fund targets €200m of German retail
GERMANY – MGPA's European opportunistic real estate fund has acquired 140 ALDI SÜD stores in Germany as it seeks to deploy close to €200m of capital in the country's retail sector over the next six months.
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News
INREV's Carpenter to build up Asia-Pacific cooperation
GLOBAL – The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has sent its former acting chief executive Andrea Carpenter to work with its counterpart in the Asia Pacific region, ANREV, on a temporary basis.
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News
Portfolio deals on the rise as ING sells Canadian industrial fund
GLOBAL – Alberta Investment Management Corporation (AIMCo), which manages more than CA$70bn (€51.6bn) for Alberta pension schemes, is to acquire a 50% stake in the CA$2bn ING Summit Fund.
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Magazine
Blurring the lines
Are investment consultants trying to take on fund of funds managers at their own game? Richard Lowe explores what is becoming an increasingly confusing space for investors
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News
Åström, Otterud join forces to found Custor Capital
GLOBAL – Real estate fund-of-funds pioneers Anders Åström and Tomas Otterud have teamed up with former AP1 CIO Bo Ljunglöf to establish an independent investment firm targeting institutional investors.
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News
Mexico's Afores commits €231m to industrial strategy
MEXICO – The Administradoras de Fondos de Pensiones (Afores), which manages Mexico's private pension fund system, has continued to increase its exposure to alternatives by committing capital to an industrial real estate fund.
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News
CPPIB, Future Fund recapitalise Australian shopping centre fund
GLOBAL – Canada Pension Plan Investment Board (CPPIB) and Australia's Future Fund have helped recapitalise a flagship Australia shopping centre fund by agreeing to invest A$750m (€524m) between them.
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News
US real estate emerges from downturn, but investors still unsure
US – Capital value movements have returned to positive territory in the US after two and a half years of write-downs, but economic doubts are preventing a rush of capital from investors, according to Investment Property Databank (IPD).
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News
Medicx fund highlights growing investor interest in healthcare
UK – A healthcare fund run by specialist investor and developer Medicx has raised £45m (€55.1m) in capital from a number of institutional investors, the National Grid UK Pension Scheme, the Merseyside Pension Fund, Henderson Global Investors and Prudential.
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News
Pramerica to take on UBS ground lease fund
UK – Pramerica Real Estate Investors will take over from UBS Global Asset Management as investment adviser for the UBS Secure Income Property fund.
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News
Direct markets 'caught up with' listed sector in 2009, says Cohen & Steers
GLOBAL – The historical six-month time lag between direct and listed real estate markets was more than halved in some countries in 2009, according to Cohen & Steers.
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News
BA Pensions teams up with Columbus on City office buy
UK – The British Airways Pension Fund has entered into a 50/50 joint venture with the Columbus UK Real Estate Fund to acquire London City office Austin Friars House for £25m (€30.6m).
