All articles by Richard Lowe – Page 83
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Magazine
Proceed with caution
Pension funds are finding buying opportunities in short supply at the moment, but are content to wait and watch for the right properties. Richard Lowe reports
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Magazine
Raising awareness
The development of property derivatives and institutional investment in residential property are key interests of Peter Pereira Gray. These are just two of his prime concerns in his role as chairman of the Investment Property Forum. He talks to Richard Lowe
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News
Pre-MIPIM talk is of interest in banks’ real estate books
EUROPE – The hot topic at this year’s MIPIM event in Cannes is going to be how banks manage and offload the real estate assets on their books, panellists concluded during IPE Real Estate’s inaugural webinar.
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News
Hamborner resurrects German listed real estate with Reit move
GERMANY – Hamborner has become the third real estate company in Germany to convert to a real estate investment trust (REIT) status, prompting speculation that the country’s REIT may finally start to grow.
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News
CBRE launch breaks into DC pensions
UK – CB Richard Ellis Investors has launched its first property fund aimed at the defined contribution (DC) pension sector.
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News
Hewitt advises pensions funds to consider UK real estate
UK – Hewitt Associates is focusing on domestic real estate for its UK pension fund clients following two years of volatility and poor performance in geared overseas funds.
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MagazinePower to the pension funds
Institutions find themselves in a commanding position when it comes to taking a lead in the development of sustainable property investment. Richard Lowe investigates
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News
German property redemptions could carry two-year waiting period
GERMANY – Investors in German open-ended real estate funds will have to abide by a two-year holding period before redeeming their shares, if government plans come to fruition.
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News
Pension funds outperformed with property investments
UK – Pension funds outperformed the International Property Databank’s (IPD) benchmark of 3% for all participating UK funds in 2009, because they owned prime property and bought largely ahead of the market rally in the second half of the year.
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News
Danish pension funds take on sustainable office development
DENMARK - Danish pension funds PensionDanmark and Lægernes Pensionskasse, and Swedish financial group Nordea Life have purchased a sustainable office development in Denmark through a joint venture.
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News
Aegon AM launches fund targeting smaller properties
UK – AEGON Asset Management is the latest fund management group to launch a fund targeting smaller real estate assets in the UK, as the market for prime property becomes increasingly competitive.
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News
Lack of purchasing stocks shifts attention to secondaries
EUROPE – A lack of prime real estate being placed on the market is forcing investors to consider secondary assets or to focus on opportunities arising from banks.
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News
Responsible investment fund to develop UK care homes
UK – A new socially-responsible real estate fund backed by local authority pension funds has invested in the UK care home sector.
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News
Aberdeen claims core European real estate has bottomed
EUROPE – Aberdeen Property Investors has begun buying real estate again for its core pan-European institutional fund now that it believes many of the continent’s prime markets have bottomed out.
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News
L&S makes 36% gain on 9-mth investment
UK – London & Stamford Property, the listed company managed by Raymond Mould and Patrick Vaughan, has sold a UK office building for £51.3m (€56.6m), nine months after buying it for £37.6m
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News
RBS foreclosure signals start of uncertainty - Aviva
EUROPE – Aviva Investors is expecting to see more bank foreclosures following Royal Bank of Scotland’s (RBS) assumption of a German office portfolio owned by Morgan Stanley, but warned that commercial mortgage-backed securities (CMBS) refinancing will be a greater source of market uncertainty.
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News
Mn presses funding extension talks for PME and PMT
NETHERLANDS – Mn Services is in discussions with 25 global real estate fund managers, on behalf of Pensioenfonds Metaal en Techniek (PMT) and Pensioenfonds van de Metalektro (PME), about an extension to fund investment periods.
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News
ING REIM chief steps down after a year
GLOBAL – George Jautze has retired as chief executive of ING Real Estate Investment Management (ING REIM) after less than 12 months in the role.
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News
DEGI forced to reiterate Global Business stance
GERMANY – Aberdeen Asset Management Deutschland said it is working hard to ensure the DEGI open-ended Global Business fund for institutional investors can re-open in the future, despite reports suggesting it may need to be liquidated in March.
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News
Manchester pension fund to rebuild office eyesore as beauty
UK – The £7.39bn (€8.48bn) Greater Manchester Pension Fund, the largest local authority scheme in the UK, has been given the green light for a major office redevelopment project in Manchester city centre.
