All articles by Richard Lowe – Page 82
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USS continues to blaze UK acquisition trail
UK – Universities Superannuation Scheme (USS) has continued its 18-month UK real estate spending spree with the purchase of an office building in London's West End for £42m (€50.8m).
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Interest rate swaps blocking UK disposal pipeline, Savills says
UK – The prohibitive cost of unwinding interest rate swaps on real estate debt is preventing financial institutions from offloading a growing volume of distressed UK assets, according to Savills.
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US and Ireland set for spike in distressed sales
GLOBAL – Ireland and the US are expected to see a significant increase in distressed real estate sales in the short term, according to research from the Royal Institute of Chartered Surveyors (RICS).
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PGGM won over by SLI's responsible investment credentials
NETHERLANDS/UK – PGGM, the Dutch pension fund asset manager, has invested €75m in a UK shopping centre fund managed by Standard Life Investments.
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Survey shows UK pension funds to increase real estate exposure
UK – More than one-third of UK pension funds with existing real estate investments are actively looking to increase their exposure, while a small number remain unsure about the asset class, according to a survey by Aberdeen Asset Management.
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AP4 acquires €565m of Swedish residential assets
SWEDEN – The Fourth Swedish National Pension Fund (AP4) has made one of the largest ever residential investments in the country.
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MagazineCaution the watchword
Market sentiment is improving but fundraising remains slow. Growing competition in the core space means managers need to find creative solutions to meet demand. Richard Lowe reports
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Magazine
Mutual attraction
Altera’s approach that offers zero leverage and real core portfolios is proving attractive to Dutch pension funds looking for a low-risk way to invest in real estate profile, says Richard Lowe
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MagazineRetrenchment ending
The downturn saw German investors return to the familiarity of their home market. But their faith in international diversification remains strong, as Richard Lowe reports
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MagazineSwiss stay at home
The financial crisis and the stability of the home market have made Swiss pension funds reluctant to invest internationally. But can the Swiss market satisfy the growing demand from local investors? Richard Lowe reports
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Schroders defends international diversification
GLOBAL – The recovery in the global real estate markets will not be synchronised in contrast to the downturn, marking a return to the traditional benefits of diversification, according to Schroders.
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Investors have failed to learn lessons – Valente
GLOBAL – It is not clear whether real estate markets are going through a sustainable phase of recovery or whether it is an illusion driven by capital market liquidity, according to Joe Valente, head of investment strategy at Allianz Real Estate.
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Investors call for clear communication from fund managers
EUROPE – European institutional investors called on real estate investment managers to deliver clearer, pro-active communication and reporting, especially on key areas that would ultimately determine the success or failure of a fund.
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Co-investment an outmoded misconception, claims industry veteran
GLOBAL – The effectiveness of co-investment by real estate fund managers to align interests was seriously questioned at this year’s IPE Real Estate Investor Forum & Awards, part of the IPD/IPE Real Estate Congress.
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Gearing up for a new era
Investor appetite for leverage in real estate funds has waned since the fallout of the financial crisis. Is there going to be a role for gearing in real estate funds? If so, what is the optimum level? Richard Lowe put these questions to three pension fund investors, a consultant, a ...
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And the winners of the IPE Real Estate Awards 2010 are…
EUROPE – Ärzteversorgung Westfalen-Lippe (AeVWL) was crowned Best European Institutional Investor last night at a glittering event in Amsterdam to celebrate this year’s IPE Real Estate Awards 2010.
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MagazineCost benefit
For investors sustainability has moved up the agenda but performance measurement remains a big challenge. Green issues and residential real estate are two key areas of focus for ULI Europe, as its president, Bill Kistler, outlines to Richard Lowe
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Canada Pension Plan steps up global spending spree
GLOBAL – Canada Pension Plan Investment Board (CPPIB) has made its first ever investment in Manhattan through a joint venture with SL Green Realty Corporation, and established an Australian real estate development fund with Goodman Group.
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Germany’s BVK signals fresh interest in Polish real estate
GERMANY – Invesco Real Estate has invested in a logistics development in Poland on behalf of pension fund BVK, and says there is growing interest in the market from other German institutional investors.
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ING REIM steps in to rescue Creed fund
ASIA – ING Real Estate Investment Management has taken over as general partner (GP) at an Asian real estate fund for the second time in 12 months.
