All articles by Shayla Walmsley – Page 47
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MagazineRoad to Russia
Investors look East as Europe reaches saturation point; Norwegian real estate remains bullish and Aberdeen launches a bespoke vehicle
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News
Duopoly to define logistics fund market
EUROPE - The European logistics market will diverge into ‘blockbuster’ and ‘niche’ funds, with specialist nous and tenant relationships determining asset managers’ survival in a shaken-out market, claims Peter Davies, fund director of the Goodman European Logistics Fund (GELF).
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MagazineIrrational delay
They move too slowly. They take too long. They lose out as a result. Are pension funds so hidebound by their own rules that they are missing the chance to generate returns? Shayla Walmsley finds out
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News
CEE pricing 'still a concern'
EUROPE - Central and Eastern Europe is still too overpriced to be worth investing in, despite greater differentiation between prime and secondary real estate pricing, according to Scottish Widows Investment Partnership’s head of property Malcolm Naish.
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News
French study suggests derivatives 'over-hyped'
EUROPE - European institutional investors have little appetite for property derivatives, despite claims from investment banks suggesting they offer an effective hedge against inflation, suggests academic research.
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News
Infrastructure will escape credit crunch
GLOBAL - Continuing pension fund appetite will help infrastructure escape the current credit squeeze, despite pressure on the credit quality of infrastructure assets, according to Standard & Poor's.
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News
Director arrested in Philips pensions fraud
NETHERLANDS - Dutch fraud police have arrested the former and current directors of real estate at PREIM, the real estate arm of the €14.5bn Philips pension fund, as part of their investigation into fraud connected with the scheme’s property portfolio.
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News
Fitch rethinks property fund managers
GLOBAL - Ratings agency Fitch has claimed its revamped rating system for real estate asset managers would better reflect not only the proliferation of specialist and niche funds but also the increased sophistication of investment mandates.
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News
Sainsbury JV to unlock property value
UK - UK supermarket giant Sainsbury’s has entered into a joint venture with property firm Land Securities, aimed at active management of its property portfolio.
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News
Industry pushes for EU REIT
EUROPE - Five industry bodies including the European Property Federation (EPF) are pushing the European Commission to introduce an EU REIT regime, in a bid to transform a fragmented European market into “the largest and likely most efficient property market in the world”.
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News
REITs momentum shifts to Asia and Europe
GLOBAL - The centre of gravity for REITs has shifted away from the US towards Asia and Europe, according to a report by Ernst & Young.
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News
CPPIB to make direct bid to airport shareholders
NEW ZEALAND - The CA$120.5bn (€89bn) Canada Pension Plan Investment Board (CPPIB) is to approach Auckland International Airport (AIAL) shareholders directly after the firm called off talks on its bid to acquire a 49% stake.
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News
DTZ strikes oil with Canada buy
CANADA - As Canadian pension funds continue to invest aggressively in overseas infrastructure, DTZ has announced it is entering the market through the CA$31m (€22.5m) acquisition of property services firm JJ Barnicke.
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News
To Russia, with cash
RUSSIA - Majority pension fund-owned property firm Sponda is to invest up to €400m in Russia by the end of 2009.
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News
UK property delivers negative return
UK - Real estate delivered a negative return of 1.1% in Q3, according to the IPD UK Quarterly Index – the first in its history – but real estate still outperformed property equities, which had a negative return of –10.3% for the three months to September.
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News
Quebec pension fund to invest in India office
INDIA - The Caisse de dépôt et placement du Québec, Canada’s largest pension fund, is weeks away from its entry into Indian property as part of a strategy to switch 15% of its portfolio to Indian real estate within 3—5 years.
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News
Frequin quits Blue Sky for Goodman
NETHERLANDS - Blue Sky Group, the fund manager for three KLM pension funds collectively worth more than €10bn, has lost fund manager Hidde Frequin just five months after he joined.
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News
CPPIB loses Auckland but gains Puget
CANADA - Concerns over debt last week scuppered plans by the Canada Pension Plan Investment Board (CPPIB) to acquire a 49% stake in Auckland International Airport (AIAL).
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News
Industry optimistic for Danish REITs
DENMARK - Denmark could be the next European market to introduce real estate investment trusts (REITs), if lobbying by the Danish Property Federation (DPF) proves successful.
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News
Land is the new property, say planners
UK - Greenbelt and brownfield land earmarked for development is rapidly emerging as a sub-asset class in an otherwise overvalued real estate market.
