All articles by Shayla Walmsley – Page 56
-
News
IPD opens to smaller pension funds
REAL ESTATE – Real estate data firm IPD has launched a new property information service on UK real estate aimed at smaller pension funds. IPD said Property Intelligence, which will also target charities and retail investors, caters to the re...
-
News
GFI launches HK property derivatives market
REAL ESTATE - US broker GFI has launched a joint venture to broker Hong Kong property derivatives to banks, funds and property companies. GFI has already set up a similar property derivatives venture in London with CB Richard Ellis. However, in t...
-
News
Land Securities’ operating chief exits
REAL ESTATE - Land Securities last week announced the unexpected departure of chief operating officer Mark Collins, in what a spokeswoman described as "a positive endorsement" of its restructuring programme. In a statement, EuropeR...
-
News
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...
-
News
Mars pension fund sells town centre portfolio
REAL ESTATE - The Mars pension fund has sold a hefty retail portfolio in England’s northeast to Halladale for £15.25m (€22.5m). The portfolio comprises much of a town centre in Cleveland, Teesside. Halladale, which is backed...
-
News
CalPERS’ green fund makes first investment
REAL ESTATE - The California Public Employees Retirement System (CalPERS) has acquired a controlling interest in the first investment of its sustainable real estate fund. The Green Development fund, a joint venture with real estate firm Hines, fo...
-
News
Row erupts over Belgian REIT plan
REAL ESTATE – A row has erupted over the Belgian state’s plans for a €1.2bn real estate investment trust. AXA last week filed suit against the state over the government’s recent selection of Cofinimmo as partner in a sicaf...
-
News
UK agency offers 50% of portfolio
REAL ESTATE - Advantage West Midlands (AWM), one of the UK’s regional regeneration agencies, is offering a 50% stake in its real estate portfolio in return for funds to develop 47,000 sq metres of real estate. The Birmingham-based agency la...
-
News
Norway state fund rejects real estate before 2007
REAL ESTATE - The Norwegian finance ministry says moving into real estate “just isn’t a priority” for the Government Pension Fund, despite reports of an imminent 8-10% allocation. A spokeswoman for Norges Bank Investment Manageme...
-
News
Morley goes to the movies
REAL ESTATE - A 50/50 joint venture between Morley Fund Management and Pinewood Shepperton has acquired the 999-year lease on Shepperton film studios outside London. Morley paid £10.5m cash towards the Shepperton Studio Property Partnership ...
-
News
CBRE names Tokyo head
REAL ESTATE - CB Richard Ellis has hired former Macquarie Properties Japan president Steve Bass to head its Tokyo office just weeks before it launches operations in China. Bass, a former CBRE executive, will handle the firm’s investments i...
-
News
Hewitt’s Duff attacks real estate managers
REAL ESTATE - Most real estate fund managers aren’t fit for purpose, according to Nick Duff, real estate partner at Hewitt Associates. In an interview with IPE Real Estate, Duff said most lacked “the contacts, the systems or the teams...
-
News
REI finance director resigns as assets increase
REAL ESTATE - Real Estate Investors (REI) finance director Malcolm Lewin resigned last week “with immediate effect” as the group reported a 36.7% increase in its assets to £7.9m (€11.7m). The firm provided no explanation fo...
-
News
Belgian government plans €1.2bn REIT
REAL ESTATE - The Belgian government has chosen property firm Cofinimmo as partner in a €1.2bn Sicafi, to be listed last year. The REIT-like structure will comprise 79 buildings used by federal ministries and European organisations. The gov...
-
News
Finnish pension funds cautious on REITs reform
REAL ESTATE - The Finnish Pension Alliance (TELA) has criticised government proposals on real estate investment for failing to remove tax obstacles that will discourage pension funds and other investors from investing in REIT-style structures. At...
-
News
Nottingham scheme gets Noble boost
REAL ESTATE - Noble Property Trust – the fund set up last year with an initial £20m (€29m) investment from Nottinghamshire County Council Pension Fund – has reported what it describes as “impressive early gains” in ...
-
News
Savills rethink after public fund failure
REAL ESTATE - Savills is to launch a private German real estate fund after an abortive public fund launch earlier this year failed to generate sufficient funds. The new fund, aimed at European pension funds and retail investors, is expected to la...
-
News
Insight floats real estate under Ross Goobey
REAL ESTATE - Insight Investment plans to raise £100m (€148m) in new capital when it floats its real estate fund management business, Invista, on the junior AIM market this month. Former Hermes pensions chief executive Alistair Ross G...
-
News
AIM faces competition for property listings
REAL ESTATE - Two IPOs announced last week suggest that AIM, the London Stock Exchange’s junior bourse, is losing its near-exclusive power to attract global real estate companies. Kenmore European Industrial Fund announced that it is to lis...
-
News
AP3 hindered by lack of real estate advisor
REAL ESTATE - Six months after it first announced it was to re-allocate half its real estate into global markets, Swedish buffer fund AP3 is reporting falling returns for the asset class because it has yet to appoint an adviser to manage the shift. ...
