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

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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
News
CalSTRS creates emerging manager real estate programme

2008-09-18T14:02:00Z

UNITED STATES - California State Teachers Retirement System is developing an emerging manager strategy in real estate for the first time.
News
CalPERS uses $700m to tap opportunity

2008-09-18T14:03:00Z

UNITED STATES - California Public Employees Retirement System is continuing to pursue its international real estate investment strategy by placing $700m (€493.8m) in real estate commingled funds generating targeted net IRRs of 20%.
News
IVG and Metzler lose their heads

2008-09-18T14:05:00Z

GERMANY – German real estate company IVG will have to look for a new chief executive as Wolfhard Leichnitz is leaving the company at the end of September.
News
REIT changes demanded

2008-09-18T14:21:00Z

GERMANY – German REIT companies have a long list of demands on how to change the REIT legislation, according to the online information portal www.reits-in-deutschland.de.
News
Swiss cut real estate investment limit

2008-09-22T16:37:00Z

SWITZERLAND – The Swiss government has passed new investment regulations for Pensionskassen which put more emphasis on the prudent person principle and the responsibility of heads of Pensionskassen but which also lower the investment limits on assets such as real estate.
News
MEAG appoints new managing director for real estate

2008-09-22T17:16:00Z

GERMANY - Munich Ergo Asset Management (MEAG) has appointed Günter Manuel Giehr as head of its global real estate operations.
News
Knight Frank expands Middle East operations

2008-09-22T17:23:00Z

MIDDLE EAST - London-based global real estate management and advisory firm Knight Frank has extended its global network by opening a office in Bahrain to cover the burgeoning Middle Eastern property market.
News
Student accommodation contrasts economic slowdown

2008-09-22T17:27:00Z

UK - The UK student accommodation sector is continuing to thrive while most other property sectors feel the pinch in tough economic conditions, according to real estate consultancy group King Sturge.
News
Non-listed real estate stays top buy in poor conditions

2008-09-22T17:28:00Z

EUROPE - Non-listed real estate funds remain the asset class of choice among institutional investors looking to increase their investments in European real estate in turbulent times, according to a study by INREV, the Amsterdam-based European association for investors in non-listed real estate vehicles.
News
Sacramento County hires international REIT manager

2008-09-25T18:08:00Z

UNITED STATES - Sacramento County Employees’ Retirement System has selected CB Richard Ellis Global Real Estate Securities as its international (ex-US) REIT manager.