All articles by Richard Lowe – Page 88
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News
Return targets are aimed too high, say real estate experts
US/UK – Return expectations for opportunistic real estate strategies targeting the UK and US may be too high, experts have warned.
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RBS pension fund signs airspace tenants
UK – Standard Life Investments has let over 105,000 square feet of warehouse space in the South East of England on behalf of the pension fund of the Royal Bank of Scotland.
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UK pensions see fresh life in real estate
UK – More than half of UK pension funds are planning to increase their allocation to commercial real estate, despite the dramatic falls in values since 2007, according to research by investment manager Prupim and the Pensions Management Institute.
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German real estate potential leapfrogs London and Paris
EUROPE – Munich has overtaken London and Paris as the best European city for real estate investment over the medium-term, according to LaSalle Investment Management.
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APREA opens its doors to pension funds
ASIA – Pension funds will be able to join the Asian Public Real Estate Association for the first time after the organisation created a new membership category.
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MagazineKnow your neighbour
Investors have learnt it’s just as important to know and be aligned with fellow LPs as it is with the GP of a fund. Richard Lowe reports
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MagazineSovereign wealth
The Crown Estate owns assets in the UK as diverse as wind farms and shorelines, but also manages a sizeable commercial portfolio. Investment director Paul Clark tells Richard Lowe why the industry needsto rethink its blind use of leverage on core assets, and why fund managers must be rewarded for ...
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Magazine
A return to core values
Market conditions have made pension funds more acutely aware of the logic of taking a conservative approach to leveraging. Richard Lowe reports
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MagazineKeeping faith
Is there a need to rebuild trust between investors and fund managers? As Richard Lowe discovers, good, professional managers invariably still have the trust of their investors, but are doing everything in their power to maintain it
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News
UK real estate has bottomed, claims IPD
UK – The commercial real estate market in the UK bottomed out in July, according International Property Databank.
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Borrowing costs are improving - JLL
GLOBAL – There is growing evidence that the cost of borrowing in the global unsecured real estate debt markets is finally starting to fall, according to Jones Lang LaSalle.
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BAE Pension taps coastal space
UK – The pension fund of BAE Systems in the UK has bought a retail warehouse through property fund managers LaSalle Investment Management.
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Birmingham shoppers to support Australian pensions
AUSTRALIA/UK – The Australian government’s Future Fund has bought a 33% stake in the Bullring in Birmingham, England from Land Securities.
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Texan pension funds kickstart shift back into real estate
UNITED STATES - Texas Permanent School Fund is hoping to become a major player in real estate over the next four years and invest up $1bn (€686.7m), just as local rival Teacher Retirement System of Texas has appointed LaSalle Investment Management to run a special real estate vehicle specialising in ...
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Secondary market receives transparency boost
UK - CB Richard Ellis and property derivatives specialists GFI have attempted to cultivate the nascent secondary market in unlisted property funds with the launch of a dedicated portal.
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BBC receives offer for London office
UK – The pension fund of the British Broadcasting Corporation (BBC) has confirmed that it has been offered £30m (€34m) for its office building in London.
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UK PFs in healthcare gain
UK – Several UK pension funds have gained exposure to a specialist real estate fund through the secondary market.
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AXA REIM appoints new CIO
GLOBAL – AXA Real Estate Investment Managers (AXA REIM) has appointed Dennis Lopez as global chief investment officer.
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APG urges PEPR to improve governance (updated)
NETHERLANDS – APG, the asset manager of ABP pension fund, has called on fellow shareholders in Prologis European Properties (PEPR) to block the company from raising new equity unless they are given the option to replace PEPR’s manager.
