All Real Assets articles in September 2008 (Online) – Page 2

  • Illinois State Universities begins fresh real estate searches
    News

    Illinois State Universities begins fresh real estate searches

    2008-09-18T14:01:00Z

    UNITED STATES - State Universities Retirement System of Illinois has approved new manager searches for real estate and infrastructure, in a bid to achieve higher returns than available in equities and bonds.

  • LACERA plans fiduciaries search
    News

    LACERA plans fiduciaries search

    2008-09-18T13:59:00Z

    UNITED STATES - Los Angeles County Employees Retirement Association has approved a search to hire up to eight independent fiduciaries to work with the pension fund in assessing co-investment real estate opportunities.

  • Los Angeles City nears commitment to debt fund
    News

    Los Angeles City nears commitment to debt fund

    2008-09-18T13:57:00Z

    UNITED STATES - Los Angeles City Employees’ Retirement System is getting close to making a $25m (€17.6m) commitment to the ING Clarion Debt Opportunity Fund III.

  • US funds 'wait and see' over Lehman bankruptcy
    News

    US funds 'wait and see' over Lehman bankruptcy

    2008-09-15T18:14:00Z

    UNITED STATES - Several pension funds in the United States have yet to make any decisions about the activity it will now take regarding previous commitments made to Lehman Brothers-sponsored commingled real estate funds, after the firm today announced it was filing for Chapter 11 bankruptcy.

  • ABP extends hotel holdings in key European cities
    News

    ABP extends hotel holdings in key European cities

    2008-09-15T18:12:00Z

    EUROPE - Europe’s second-largest pension scheme ABP, the Netherland’s huge €215bn public service fund, has expanded its European real estate portfolio with the purchase of six hotels in Paris, Amsterdam and Düsseldorf.

  • Jones Lang LaSalle reshuffles directors
    News

    Jones Lang LaSalle reshuffles directors

    2008-09-15T18:08:00Z

    UNITED STATES - US-based property investment and consultants group Jones Lang LaSalle is reshuffling its senior board in a bid to reinforce its global presence and strategy for expansion.

  • Schroders expands Nordic team
    News

    Schroders expands Nordic team

    2008-09-15T18:02:00Z

    SCANDINAVIA - Schroder Property, the real estate arm of London-based €164.4bn Schroders, has further strengthened its presence in Scandinavia with the appointment of Ubbe Strihagen as director of business development for the Nordic region.

  • Propinvest seals largest ever European property deal
    News

    Propinvest seals largest ever European property deal

    2008-09-15T17:57:00Z

    SPAIN - London-based real estate investment and management specialist Propinvest has acquired the global headquarters of Spanish banking giant Banco Santander, for €1.9bn – the largest ever European real estate deal.

  • AvalonBay falls short of capital raising goal
    News

    AvalonBay falls short of capital raising goal

    2008-09-11T18:00:00Z

    UNITED STATES - AvalonBay Communities has raised $333m (€234.2m) of equity for its latest commingled fund, AvalonBay Value Added Fund II – but this is short of the $500m goal established early in the process.

  • CalSTRS expands real estate debt investments
    News

    CalSTRS expands real estate debt investments

    2008-09-11T17:53:00Z

    UNITED STATES - California State Teachers Retirement System is in the process of increasing its efforts investing capital into real estate debt, having just invested $500m (€354.5m) in that arena.

  • Kansas PERS moves into senior housing
    News

    Kansas PERS moves into senior housing

    2008-09-11T17:52:00Z

    UNITED STATES - Kansas Public Employees Retirement System has expanded its real estate strategy into senior housing by making a $35m (€24.6m) commitment to AEW Senior Housing Investors LP.

  • Orange County considers opportunistic allocations
    News

    Orange County considers opportunistic allocations

    2008-09-11T17:50:00Z

    UNITED STATES - Orange County Employees Retirement System has approved a plan to explore the idea of creating a separate allocation for opportunistic or innovative investments.

  • Pramerica sees capital waiting on the sidelines
    News

    Pramerica sees capital waiting on the sidelines

    2008-09-11T17:48:00Z

    UNITED STATES - Pramerica Real Estate Investors have found a huge sum of investible capital is currently sitting on the sidelines in the United States, as investors are unsure whether now is a good time to invest given market conditions.

  • Lehman spins off real estate after $3.9bn loss
    News

    Lehman spins off real estate after $3.9bn loss

    2008-09-11T16:37:00Z

    GLOBAL – Investment banking giant Lehman Bros is separating its commercial real estate business as a new listed entity and selling a majority stake in its investment management division after yet more writedowns generated a third-quarter net loss of $3.9bn (€2.76bn).

  • Valuers need to employ more tools
    News

    Valuers need to employ more tools

    2008-09-11T16:11:00Z

    GLOBAL - Valuers will in future have to use more data sources in arriving at their market estimates, but was just one of the points raised at this year’s IPD Real World Conference held at the University of Cambridge this week.

  • Corio to widen emerging markets presence
    News

    Corio to widen emerging markets presence

    2008-09-08T17:32:00Z

    NETHERLANDS - Property investor and manager Corio is looking to increase its 6% allocation in emerging markets real estate to 20%, in a bid to maximise the differentials between emerging and mature markets.

  • AXA REIM steps up Asian presence
    News

    AXA REIM steps up Asian presence

    2008-09-08T17:30:00Z

    ASIA - AXA Real Estate Investment Managers (AXA REIM), the global property arm of French financial services group AXA, has opened an Asian headquarters in Singapore as the springboard for moves into India and Japan.

  • Invista sees 5-yr German potential
    News

    Invista sees 5-yr German potential

    2008-09-08T17:28:00Z

    GERMANY - The developed countries in Europe continue to offer the best real estate investment opportunities but Germany is perhaps still the best investment even with current pressures, according to London-based Invista Real Estate Investment Management.

  • Emerging market real estate indices launched
    News

    Emerging market real estate indices launched

    2008-09-08T17:27:00Z

    GLOBAL – The European Public Real Estate Association (EPRA) and National Association of Real Estate Investment Trusts (NAREIT) are extending its joint venture with the FTSE Group to develop a series FTSE EPRA/NAREIT Global Real Estate indices also covering the emerging markets.

  • Patrizia signs research heavyweight
    News

    Patrizia signs research heavyweight

    2008-09-08T17:25:00Z

    GERMANY - Augsburg-based real estate investment specialists, Patrizia, has appointed Marcus Cieleback as head of research.