All articles by Shayla Walmsley – Page 42
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Europeans escape US in Asia
ASIA - Pension funds are increasing their exposure to Asian property in a bid to escape the US-led economic downturn.
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Investors demand 'co-investment' as standard
GLOBAL - Pension funds want fund managers to take a long-term stake in their own funds as a sign of confidence in their own products, according to Will Rowson, chief investment officer at ING Real Estate.
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German retail ‘good for long term’
GERMANY - Investors should invest in German retail for the long term, but exercise regional caution in a market characterised for strong demand and limited supply, according to fund manager Cordea Savills.
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Q1 figures show flight to quality
GLOBAL - "Growth will fall – but not off a cliff." That is the latest prognosis for European property markets from LaSalle Investment Management.
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Property corporate governance ‘varied’
EUROPE - An EPRA study has shown there is no pan-European pattern in corporate governance across property firms – though the mean scraped a pass, scoring 9.73 out of 16.
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Austrian property outperforms, despite sector fall
AUSTRIA - Austrian real estate returns outperformed both equities and bonds in 2007, despite a decline in retail – the best performing sector.
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Sponda sticks with Russia despite Finnish optimism
RUSSIA – Sponda’s chief executive Kari Inkinen said the Finnish property firm was on course for its planned Russian expansion despite a fall in interim profits from the same period last year.
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Pirelli punts on Euro-property fund
EUROPE - Pirelli Real Estate is targeting international pension funds with an opportunistic pan-European property fund it plans to launch early next year.
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UK residential ready for institutions
UK - The UK residential market is ready for pension fund investors despite being fragmented and dominated by amateur property managers, according to property firm Nice.
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Market, not credit, deters UK buyers
UK - Property investors are willing to borrow given the right terms, but they’re still not convinced the UK market is cheap enough to buy in, according to Jones Lang LaSalle.
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UK shopping centre investors and developers stall
UK - Investors are holding off from acquisitions in the UK as shopping centre developments stall amid a funding crisis, according to two specialists at property consultancy Savills.
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Q1 hike in UK derivatives trading
UK - The value of trading in UK property derivatives doubled to £3.7bn (€4.5bn) in Q1 2008 as investors increased their use of swaps to hedge exposure to real estate, according to figures from the IPD UK All-Property index.
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ABP-owned firm sells office portfolio
EUROPE - Corio, the Dutch property firm 37%-owned by the €220bn ABP pension fund, has sold its Dutch office portfolio for €650m - 1.5% below book value.
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Aberdeen buys real estate rival Goodman for £109m
GLOBAL – Aberdeen Asset Management’s real estate subsidiary Aberdeen Property Investors has snapped up a deal to buy its rival Goodman Property Investors for £109m (€140m).
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GE RE deal shows debt still in the black
EUROPE - GE Real Estate’s acquisition of European commercial property loans worth €1.27bn indicates a resurgence of property debt as an investible asset class, according to sources close to the firm.
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Investors "will continue to buy infrastructure"
GLOBAL - Investors including pension funds will continue to invest in core European infrastructure assets despite halting privatisation processes, the credit squeeze and political opposition, according to a new report by Ernst & Young.
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Venture with SWF shows debt still in the black
UK/MIDDLE EAST – An Abu Dhabi sovereign wealth fund (SWF) is to pump £200m (€250m) into London & Stamford via a seven-year joint venture aimed at building a war chest for UK acquisitions.
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UK calls in green experts as EC targets shoppers
UK - The UK government is to examine existing buildings as part of a 'greening' agenda dominated to date by concerns over new-build standards.
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European retail needs 'further distinction'
EUROPE - Investors need to replace the distinction between Western and Eastern European real estate markets with one between mature and maturing Europe, ING Real Estate Development CEO Menno Maas said last week.
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Retail will continue to attract cross-border investment
EUROPE - Shopping centres will continue to attract cross-border property investments because they offer secure income and low risk, according to René Tremblay, CEO of Ivanhoe Cambridge.
