All articles by Shayla Walmsley – Page 55
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Ontario Teachers take to the seas
REAL ESTATE - The Ontario Teachers Pension Plan has acquired four marine container terminals for US$2.4bn (€1.8bn). The acquisition, from Hong Kong’s Orient Overseas (International), comprises New York’s Staten Island, a terminal in...
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CBRE trust to raise $2bn for US, overseas property
REAL ESTATE - CB Richard Ellis Realty Trust, a US subsidiary of CBRE Investors, is to offer shares worth $2bn in a bid to raise funds for investment across domestic and overseas property segments. CEO Jack Cuneo said the offering was aimed at por...
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CalPERS names Eliopoulos as real estate head
REAL ESTATE - The California Public Employees Retirement Scheme (CalPERS) last week appointed Ted Eliopoulos senior investment officer for real estate. The appointment ends several months of interim in-house management after the previous incumben...
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Exceptional demand seen for Russian real estate
REAL ESTATE - Demand for Russian commercial real estate is "exceptionally high", driven by eight years of strong macro growth and a meagre supply of modern buildings, according to a report from ResearchWorldwide. The report claimed ec...
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Arlington nabs Altera Vastgoed’s Kapiteyn
REAL ESTATE - Arlington Securities has appointed Gert-Jan Kapiteyn as research director at its Amsterdam office. Kapiteyn was previously research manager for Altera Vastgoed, one of the Netherlands’ largest real estate funds. His appoint...
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CBRE launches US property derivatives market
REAL ESTATE - A year after they set up a market for real estate derivatives in the UK, CB Richard Ellis and derivatives broker GFI have done it again – this time in the US. GFI’s Phil Barker, who will staff the venture’s New Yor...
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Shetland Islands tenders for UK real estate
REAL ESTATE - The Scottish Shetland Islands local authority pension fund is to hire a real estate investment manager to invest £20m—40m (€29.7m—59.3m) in UK property. Gavin Mackintosh of Hymans Robertson, which is advising …
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Pension fund interest in Knight Frank’s Rutley
REAL ESTATE - Rutley Capital Partners, the private equity arm of estate agency Knight Frank, is to float its European investment fund on the London Stock Exchange this month to raise funds for its planned £600m (€890m) property portfolio....
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US academic fund in local retail venture
REAL ESTATE - US pension fund TIAA-CREF last week announced that it is to acquire community retail real estate in a complex $3bn joint venture. The venture, with Developers Diversified, will acquire 67 local retail sites across southeastern state...
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Invista backs UK commercial, residential
REAL ESTATE - Invista chief executive Duncan Owen said last week he saw "a couple of good years" left in the central London office market as he reported strong asset growth in Invista’s Insight Foundation Property Trust. In a tr...
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European growth boosts Lasalle revenues
REAL ESTATE - Jones Lang Lasalle last week reported operating income of $37.3m for Q3 2006 – a 40% increase over the same period of 2005. The firm also posted Q3 revenues of $462m, a 42% increase over Q3 2005. Europe, the Middle East and A...
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CBRE Investors hires China head
REAL ESTATE - CB Richard Ellis Investors last week progressed its Asian expansion with the long-awaited appointment of a managing director for its China operations. Hao Zhou, former president and managing partner of the Yangtze Special Situations...
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UK REITs final draft released
REAL ESTATE - The UK government has formally laid out the REITS legislation that will come into force at the beginning of 2007. The regulations, as presented last week to the UK parliament, laid out the conditions for "10% condition"...
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Smaller schemes chase ‘more liquid’ property
REAL ESTATE - Robin Goodchild, head of European investment at property firm LaSalle, this week urged large pension funds to invest directly in real estate and claimed smaller ones were re-thinking their lack of exposure.
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Allianz acquires Laing in push for PFI
REAL ESTATE - German pensions and insurance giant Allianz last week outbid Henderson Global Investors to acquire John Laing, the UK infrastructure firm, for £957.5m (€752.5m). Allianz hopes the acquisition – which is subject to r...
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US pension funds bank on Europe, Asia
REAL ESTATE - Cash-rich US pension funds are driving a move by real estate funds into European markets. RREEF’s Real Estate Opportunities Funds Group has raised $1.6bn in the final closing of a fund designed to US institutional investors ex...
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Cordea seeks pension fund backing for land fund
REAL ESTATE - Cordea Savills is to raise £50m (€74.5m) from pension funds to invest in acquiring and parcelling land for residential development. Spokesman Steve Taylor said Cordea’s second opportunistic fund would target both pe...
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ING Real Estate nabs IPF’s Follows
REAL ESTATE - Pension fund demand for pan-European assets has driven ING Real Estate to boost its research team with a new UK head of research and forecasting. Charles Follows, currently research director at the Investment Property Forum, will join I...
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Manila property sell-off for soldiers’ pensions
REAL ESTATE - The Philippines army is to sell its massive real estate portfolio to fund pay-outs to retired service personnel. Real estate – including golf courses and at least one country club – and property equities make up P9.6bn (...
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Belgian €1.2bn real estate fund in jeopardy
REAL ESTATE - The future of the €1.2bn real estate investment trust agreed between the Belgian government and real estate firm Cofinimmo looked precarious last week amid speculation that the government would re-route property destined for the t...
