All articles by Shayla Walmsley – Page 57
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Dutch institutional real estate reaches €29bn
REAL ESTATE - Dutch institutions’ investment in the real estate sector have surged to €29bn, according to De Nederlandsche Bank (DNB).
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Judge rules in Ontario real estate transfer case
REAL ESTATE – Elements of a suit first brought two years ago against the Ontario Municipal Employees Retirement System (OMERS) over the 2002 transfer of its real estate fund management business to infrastructure subsidiary Borealis have been al...
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UBS boosts European real estate lending
REAL ESTATE - UBS has completed its pan-European real estate finance team with the appointment of country heads for Germany and the UK. New German head Torsten Bickart joins from HVB, where he was head of real estate portfolio lending for that co...
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CalPERS board candidate backs real estate
REAL ESTATE – Howard Schwartz, one of the candidates vying for a seat on the California Public Employees’ Retirement Scheme’s board, has come out strongly in favour of US real estate Schwartz, a CalPERS lawyer, told IPE Real Esta...
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UK players get together on REITs
REAL ESTATE - Thirty UK property companies, nine fund managers and the London Stock Exchange have joined a campaign to educate financial advisers and brokers about quoted property investment, including REITs. The British Property Federation and t...
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Colonia’s indirect shift boosts results
REAL ESTATE - Colonia, the German distressed real estate investor, posted group-wide revenues of €6.53m for the first half of 2006, up from €1.24m for the same period of 2005. Acquisition activity in the first two quarters reflected a ...
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ATP real estate outperforms
REAL ESTATE - Real estate boosted the performance of Denmark’s largest pension fund, Arbejdsmarkedets Tillægspension, which last week reported overall half-year returns of DKK5bn. In a statement, the pension fund attributed the return ...
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Institutions 'turning to Continent'
REAL ESTATE - Pension funds and other institutional investors are turning to continental European real estate as a partial exit route from an underperforming UK market, according to Ben Stirling, head of real estate at Morley Fund Management. ...
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CalPERS could short US REITS
REAL ESTATE - The California Public Employees’ Retirement System (CalPERS) will short US REITs if the pension fund’s board agrees to a recommendation from its investment policy subcommittee. In June the investment committee agreed in ...
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Cordea boosts European team
REAL ESTATE - Real estate fund manager Cordea Savills has boosted its London and Milan operations with specialists in Italian retail and UK student housing. Federica Bajeli joins the Italian office from Jones Lang LaSalle, where she was a retail ...
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BOE scheme takes 6.7% of Henderson property fund
REAL ESTATE - The Bank of England’s pension fund has acquired almost 6.7% of Henderson Global Property Investors, the fund manager. The central bank acquired the shareholding – the company’s largest – via the Securities Ma...
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Rhode Island fund ditches direct
REAL ESTATE - The Employees’ Retirement System of Rhode Island (ERSRI) last week ditched direct investment in real estate from its $7.3bn portfolio when it sold the four-story former American Express building in Providence for $20m. State tr...
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Church of England to sell “greenbelt” site
REAL ESTATE - The Church of England is to sell off “greenbelt” land for the development of a 240-acre business park if a regional development agency approves a proposed regeneration scheme. Inspectors will next month advise on the pro...
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BT pension fund ups Halladale holding
REAL ESTATE - BriTel Fund Nominees, the trustee body for the British Telecom Pension Fund, last week upped its shareholding in real estate company Halladale to just under 4%. Hamish Galpin of Hermes, which manages the pension fund, said: “W...
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Australian schemes scout European real estate
REAL ESTATE - Australian institutional investors are scouting real estate investment opportunities in Europe because they have significantly outgrown their own domestic market. Queensland Investment Corporation, which manages the Queensland public...
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Workspace announces REIT plan
REAL ESTATE - Workspace, the small business landlord 3.7%-owned by Dutch civil service pension fund ABP, has told investors it would convert to a real estate investment trust (REIT) when new legislation comes in next January. Under the REIT regim...
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Cordea names Germany head
REAL ESTATE - Real estate fund manager Cordea Savills has appointed a German head to launch international funds targeting institutional investors, including burgeoning pension funds. Thomas Guetle joins Cordea’s recently opened Munich offic...
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Single client drives JLL revenue growth
REAL ESTATE - A single $109m (€85.6m) incentive fee paid to Jones Lang LaSalle’s investment management business helped second-quarter group-wide revenues to rise to $510m – a 57% increase over same period last year, according to fig...
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CBRE Netherlands manager sets up own firm (Correct)
REAL ESTATE - Fred Rikken, manager of CB Richard Ellis’s Hoofddorp office in the Netherlands, is leaving to set up his own firm (Corrects to reflect no job losses at CBRE). He will take Siem-Jan Vos and Serge Wuts, both from CBRE’s Glo...
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Quebec scheme buys into booming London
REAL ESTATE - Canada’s largest pension fund last week paid CA$430m (€298m) for a landmark London office building in an expression of optimism for a market it described as “booming”. Société immobilière Tran...
