All articles by Shayla Walmsley – Page 59
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News
Swiss Publica in €70m Basle development
REAL ESTATE – Publica, a pension fund for federal employees that is one of Switzerland’s largest, has invested CHF110m (€70m) in the creation of 240 new flats in the city of Basle. Publica, which allocates 4.5% of its CHF32.8bn i...
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BP pension fund not giving up on town bid
REAL ESTATE – The £12bn (€17.4bn) BP Pension Fund says it hasn’t given up on its bid to build a new town in southern England, despite a regional inspector’s report recommending it be shelved. The Hertfordshire develop...
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Singapore govt boosts European real estate team
REAL ESTATE - The Government of Singapore Investment Corporation (GIC), one of the world’s largest fund managers, is recruiting a real estate investment manager for its European portfolio. The new fund manager will manage direct investments...
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Carlyle hires for Nordic real estate
REAL ESTATE - US private equity group Carlyle has appointed Thomas Lindström to head its new Nordic real estate operations. Lindström joins from GE Real Estate, where he was responsible for Nordic acquisitions. As managing director,...
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Land Secs: schemes ‘to ditch direct real estate’
REAL ESTATE - Pension funds will scale down direct investment in real estate in favour of UK REITs, according to Land Securities, Europe’s largest property company. The UK firm’s annual report, published last week, forecast that pens...
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Stouthamer boosts European team
REAL ESTATE - Composition Capital – the investment management firm set up by former MN Services real estate chief Erwin Stouthamer last year – is close to hiring an investment manager for its Composition Capital Europe fund. The Dutc...
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Canadian schemes in UK infrastructure face-off
REAL ESTATE - Two Canadian pension funds are slugging it out in a bidding war for Associated British (AB) Ports. A Macquarie-led consortium including Canada Pension Plan (CPP) Investment Board on Thursday urged AB Ports shareholders not to a resp...
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Henderson appoints Austrian real estate chief
REAL ESTATE - Henderson Global Investors has appointed Richard Weberberger to head its Austrian real estate team. Weberberger joins from Multi-ImmoEast Asset Management, where, as managing director, he launched an institutional Central and Eastern...
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Henderson in US deal with pension fund
REAL ESTATE - A US pension fund is to acquire $100m of retail real estate in the Midwest and Western US through a layered procurement deal with Henderson Global Investors. Under the Chicago-based firm’s Manager of Partners account agreement...
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Tyneside pension fund tenders valuation
REAL ESTATE – The Tyne & Wear pension fund has tendered valuation services for its €450m commercial property portfolio. The portfolio, currently managed by Arlington Property Investors, comprises 33 properties located across the U...
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ING REIM opens Nordic office
REAL ESTATE - ING Real Estate Investment Management has appointed as Peter Helfrich head of its soon-to-open Swedish office. Helfrich was previously senior asset manager of the ING Dutch Retail Fund. The new office, scheduled to open at the beginn…
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AMF Pension still on real estate buy-side
REAL ESTATE - Swedish pensions manager AMF has sold its Stockholm Wenner-Gren complex to property company Fabege for €68m – but says it remains on the “buy side” in the sector. Mats Hederos, head of real estate at the Swed...
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IPE Real Estate Awards: the winners
REAL ESTATE - Pension funds’ adoption of new models for new markets paid off at the IPE Real Estate Awards last night as investors collected prizes for geographical diversification and the move into indirect investment. The awards, announce...
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Dutch rail fund questions real estate boom
NETHERLANDS - Dutch pension funds will ditch bricks for funds, according to Peter van Gool, deputy director of real estate at Dutch pension fund SPF Beheer. Describing recent market performance as “unsustainable”, he told the IPE Real ...
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Share issue funds warehouse acquisition
REAL ESTATE - Macquarie Goodman, the Australian investment trust, last week issued $264m in shares to institutional investors to part-pay for its €352m acquisition of Luxembourg-based warehouse developer Eurinpro. The 8.8% Macquarie-owned t...
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London & Capital restructures, plans new funds
REAL ESTATE - Boutique investment firm London & Capital will boost its real estate investment team under a new head of real estate funds. The appointments come as part of a restructuring effort that will see Iain Keys assume overall responsibi...
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Quinlan leads Spain’s largest property deal
REAL ESTATE - Irish property group Quinlan Private last week announced that it had led a group of unnamed investors in the acquisition of a Barcelona shopping centre from Deka, the German open-ended fund. A spokesman for Quinlan would not disclos...
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US REITS fall as interest rate fears rise
REAL ESTATE - The value of US Real Estate Investment Trusts tumbled last week amid a fall in equity share prices across global markets and investors’ anticipation of an interest rate rise. In a commentary, Royal Institution of Chartered Surv...
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German investors hint at more acquisitions
REAL ESTATE - Eurocastle, the largest listed owner of German commercial real estate, has hinted at imminent acquisitions in its new annual report. The offshore company, which is managed by US investment firm Fortress, said it was looking at R...
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Schroders scheme ups property allocation
REAL ESTATE - Schroders has shifted its £500m (€733m) pension fund towards UK commercial real estate – with investment head Alan Brown slamming the “transparently wrong” assumptions underpinning asset/liability modelling....
