All articles by Richard Lowe – Page 90
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News
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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News
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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News
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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News
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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News
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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News
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.
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News
BPF Bouw and Progress sell Unilever HQ
NETHERLANDS – Dutch pension funds BPF Bouw and Progress have sold the headquarters of food giant Unilever in Rotterdam to German fund manager Real IS.
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News
Sentiment in UK CRE improving but more pain to come
UK – Average property yields in the UK fell by 15 basis points to 7.03% in August, the lowest level since November 2008, according to Cushman & Wakefield.
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News
Korean NPS to invest in central London prime
KOREA/UK – The National Pension Service of Korea (NPS), the fifth largest pension fund in the world, has awarded a mandate to UK-based Rockspring Property Investment Managers to invest in prime central London real estate.
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News
Crown Estate signs first green lease
UK – The Crown Estate has signed its first green lease for part of its £750m (€860m) Regent Street regeneration programme in London.
