All articles by Richard Lowe – Page 88
-
News
US pension funds warned of prolonged property dislocation
US – There are concerns in the US that pension fund allocations to real estate could suffer as a result of prolonged dislocation and modest performance in the coming years, the latest report by PricewaterhouseCoopers and ULI has revealed.
-
News
Korea’s NPS moves into London offices
UK/South Korea – Rockspring Property Investment Managers has acquired the first two UK real estate assets for the National Pension Service (NPS) of South Korea, after being appointed to target prime central London assets.
-
News
Investor demand sees Hermes shift money into PUT
UK – Hermes Real Estate will “phase” new investments into its UK Property Unit Trust (HPUT) following an upturn in demand from corporate pension funds and local authorities.
-
News
Maudsley lands a new role
EUROPE – Charles Maudsley, currently co-head of Europe for LaSalle Investment Management alongside Simon Marrison, is leaving to work for British Land and will not be replaced.
-
News
USS makes industrial move
UK – The Universities Superannuation Scheme (USS) has continued to build its exposure to the UK industrial sector with the purchase of the Great Western Industrial Park in Southall, West London for £110.4m (€124m).
-
News
BP Pension Scheme rethinks real estate rental risk
UK – The BP Pension Scheme has reduced its rental risk by selling a number of UK real estate assets with lease break clauses due in the next four to six years.
-
News
Pension plan brings retail shopping to the coalface
UK – LaSalle Investment Management has bought a The Howard Centre UK shopping centre from Land Securities on behalf of Coal Pension Properties, the real estate arm of the British Coal Schemes Pension Plan.
-
News
UK office sees institutional resurgence
UK – An influx of cross-border investors caused investment activity in the central London office market to surge to a value of £2.7bn (€3bn) in the third quarter of 2009, according to CB Richard Ellis.
-
News
European rents have settled but problems still remain - JLL
EUROPE – Prime rental levels stabilised in the majority of European markets in the third quarter of 2009, according to Jones Lang LaSalle.
-
News
Alecta gains ground in Stockholm
SWEDEN – Swedish property company Jernhusen has sold a land site under the World Trade Center (WTC) in Stockholm to Alecta Pensionsforsakring, and bought neighbouring property Orgelpipan 6 from Folksam.
-
News
Aviva pensions vehicle buys a stake in Sainsbury’s
UK – Aviva Investors’ pooled UK real estate vehicle for pension funds has returned to the market by agreeing to buy a Sainsbury’s food store under development in County Durham, England.
-
News
UK pension fund sells LandSecs HQ
UK – LaSalle Investment Management has sold the headquarters of Land Securities in London on behalf of an unnamed pension fund client.
-
News
Savills sets focus on real estate alternatives
UK – Savills has launched a series of papers to identify alternative property sectors, in response to unprecedented volatility seen in the mainstream UK commercial real estate market.
-
News
VBV re-grades real estate as higher risk
AUSTRIA – The financial crisis has prompted Austrian pension fund VBV to view real estate investing as more risky and tactical in nature than previously assumed, and requiring a more flexible allocation policy.
-
News
INREV members fear market will not recover until 2011
EUROPE – Investor sentiment among the unlisted real estate funds community in Europe has deteriorated since the end of 2008 to the extent that most believe markets will not improve before 2011.
-
News
Varma acts on real estate regrowth
FINLAND – VR Pension Fund has re-entered the real estate market after a two-year absence, following the decision by a Finnish construction company to sell assets to local pension funds.
-
News
INREV sees continued delays to fund terminations
EUROPE – Investors in unlisted real estate vehicles are more often than not opting to delay fund terminations due in the next two to three years.
-
News
Liability-driven investment ‘should contain property’
UK – Liability driven investment (LDI) portfolios should include commercial real estate, according to Pramerica Real Estate Investors.
-
News
USS disposes of industrial space
UK – The Universities Superannuation Scheme (USS) has sold 11 industrial assets from its recently acquired Equiton portfolio to Scottish Widows Investment Partnership Property (SWIP) Trust.
-
News
Aberdeen pension fund goes shopping in East Anglia
UK – Aberdeen Property Investors has purchased five retail units in the UK on behalf of the Aberdeen City Council Pension Fund.
