All articles by Richard Lowe – Page 77
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Magazine
Friend or foe?
Is the listed sector too volatile and correlated with equities to be included in a property portfolio, or should investors look to benefit from its liquidity and arbitrage opportunities? Richard Lowe spoke to pension funds, fund managers and advisers and found a divergence of views
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Magazine
Man on a mission (several, in fact)
Philip Charls, CEO of the European Public Real Estate Association, is juggling a handful of challenges at the moment. As well as lobbying the EU over the potentially damaging consequences of the AIFM directive on the listed real estate sector, he is also building the investor outreach programme, where co-operation ...
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News
Growth in distressed sales begins to moderate
GLOBAL – The growth in distressed real estate transactions has slowed according to research from the Royal Institution of Chartered Surveyors (RICS).
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News
AFIAA shuns London for Scottish investment
UK – AFIAA, the global property investor owned by 18 Swiss pension funds, has made its second acquisition in the UK, having bought a new mixed-use development in Edinburgh.
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News
London & Stamford to make REIT conversion
UK – AIM-listed real estate company London & Stamford Property (LSP) is seeking to convert to a real estate investment trust (REIT) and bring its external management team in-house.
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News
UK real estate recovery to stall, says IPD
UK – The rally in the UK real estate market appears to have run its course, according to latest figures from Investment Property Databank (IPD).
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News
Standard Life Investments makes pair of direct buys in Brazil
GLOBAL – Standard Life Investments (SLI) has built up its global fund's exposure to the Brazilian office sector with two direct acquisitions.
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News
Union Investment sells prime UK office building after 12 months
UK – Union Investment has sold a prime London City office building to Hammerson and the Canada Pension Plan Investment Board (CPPIB) after buying it only 12 months ago, netting more than £34m (€41m) in capital appreciation in the process.
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News
Spain's BBVA offloads second round of bank branches
EUROPE – Banco Bilbao Vizcaya Argentaria (BBVA) has offloaded a second tranche of property assets to the group of RREEF Europe, Area Property Partners and Europa Capital for €364m.
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News
European office fundamentals remain strong, says Jones Lang LaSalle
EUROPE – Take-up of office space in Europe increased marginally in the second quarter despite growing economic uncertainty over austerity measures and concerns surrounding sovereign debt, according to Jones Lang LaSalle (JLL).
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News
Henderson targets local interest with German retail fund
GERMANY – Henderson Global Investors is seeking to tap demand from German institutional investors for exposure to their domestic retail sector.
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News
Withdrawal of open-ended German funds will 'level playing field', says Invesco
EUROPE – Less investment activity on the part of German open-ended funds (GOEFs) would effectively level the playing field for other institutional investors in the European real estate markets, according to Invesco Real Estate.
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News
European institutional investors thinking twice about US
GLOBAL – Concerns over the fragility of the US economic recovery have caused European institutional investors to reassess the attractiveness of the country's real estate market.
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News
INREV tweaks investor due diligence checklist
EUROPE – INREV has revised its due diligence questionnaire to address investors' latest concerns when selecting fund managers in the current investment environment.
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News
German-owned Hypo Real Estate fails stress test
GERMANY – Government-owned Hypo Real Estate has failed a stress test by the Committee of European Banking Supervisors (CEBS).
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News
European occupancy markets dragged down by austerity measures
GLOBAL – While occupier demand is rising in the majority of countries across the globe, austerity measures to reduce fiscal deficits are causing a drag on euro-zone and UK real estate markets, according to the latest global report from the Royal Institute of Chartered Surveyors (RICS).
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News
Valad takes over management of €480m Swedish portfolio
SWEDEN – Valad Europe, the pan-European, multi-let real estate investment management business of Valad Property Group, has been appointed to take over the investment management of a €480m property portfolio in Sweden.
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News
Switzerland's Partners Group to manage Korean sovereign money
GLOBAL – Partners Group will help Korea Investment Corporation (KIC) invest in recapitalising opportunities in the real estate markets as part of the sovereign wealth fund's drive to double its exposure to alternative investments.
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News
BT and Royal Mail pension JV sells Brindleyplace assets
UK – A joint venture between the BT and Royal Mail pension funds, developer Argent and fund manager Tritax has sold five office buildings in Birmingham for £190m (€225m).
