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News

Deutsche Bank's RREEF buys industrial portfolio in US Pacific Northwest

2010-11-08T12:00:00Z

GLOBAL – RREEF, the real estate investment management business of Deutsche Bank's Asset Management division, has acquired the 940,654 square foot Kent Valley Industrial Portfolio in Kent and Tukwila, Washington.

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Ontario pension funds take over UK's high-speed rail network

2010-11-08T11:30:00Z

UK – The UK government has sold the high-speed rail network connecting London to the Channel Tunnel to two Canadian pension funds for £2.1bn (€2.43bn).

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Texas Teachers-backed property fund makes first investment

2010-11-08T11:30:00Z

GLOBAL – An office building investment fund backed by the Teacher Retirement System of Texas has completed its first investment.

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Orange County Employees mulling investment in Buchanan, Cornerstone funds

2010-11-04T15:30:00Z

GLOBAL – The Orange County Employees Retirement System (OCERS) in the process of evaluating three new funds – managed by Angelo, Gordon & Co, Buchanan Street and Cornerstone Real Estate Advisors – as part of its value-added investment strategy.

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OPERS considering €143m investment in Credit Suisse secondary market fund

2010-11-04T15:15:00Z

GLOBAL – The Ohio Public Employees Retirement System (OPERS) is conducting due diligence on a $200m (€143m) commitment to Credit Suisse's Strategic Partners V Real Estate fund.

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Swiss investor tenders $1.8bn mandates for Latin America, Asia Pacific and Canada

2010-11-01T14:30:00Z

Â鶹ӳ»­ – A Swiss institutional investor is looking to award three direct real estate mandates worth more than $1.8bn (€1.3bn), using Â鶹ӳ»­ Quest.

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Penn State Employees to change benchmark for real estate investment

2010-11-01T12:30:00Z

GLOBAL – The Pennsylvania State Employees Retirement System has decided to change its benchmark for private real estate investment.

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Maine approves $75m allocation to debt fund

2010-10-28T11:15:00Z

GLOBAL – The Maine Public Employees Retirement System has approved a $75m (€54m) commitment to the Prima Mortgage Investment Trust (PMIT), aiming to take advantage of a lack of debt players in the market.

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Illinois Municipal hires Cornerstone, INVESCO for core strategy

2010-10-28T11:00:00Z

GLOBAL – The Illinois Municipal Retirement Fund has hired Cornerstone Real Estate Advisers and INVESCO Real Estate as core open-ended commingled fund managers.

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NCREIF index shows improved returns for third quarter running

2010-10-28T10:45:00Z

GLOBAL – The National Council of Real Estate Investment Fiduciaries (NCREIF) has reported improved returns for the NCREIF Property index (NPI) for the third straight quarter.

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Lack of European prime stock slows global transactional recovery

2010-10-25T15:30:00Z

GLOBAL – The recovery in global real estate transactions has levelled off, driven by a constrained availability of prime properties in Europe, according to Jones Lang LaSalle (JLL).

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OMERS, British Land team up to develop London's Cheesegrater

2010-10-25T13:15:00Z

UK – Oxford Properties, the real estate division of Canadian pension fund OMERS, has entered into a 50:50 joint venture with British Land to develop the Leadenhall Building in the City of London, otherwise known as the Cheesegrater.

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Canada Pension Plan swoops in on prime DC assets

2010-10-21T16:00:00Z

GLOBAL – The Canada Pension Plan Investment Board (CPPIB) has invested $91m (€65m) in return for a 45% stake in two prime office buildings in Washington DC, its first investment in the US capital.

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Mass PRIM hires AEW to take over RREEF separate account

2010-10-21T11:30:00Z

GLOBAL – The Massachusetts Pension Reserves Investment Management Board has selected AEW Capital Management as its fifth core separate account manager.

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Alaska Retirement to hold back on real estate investments

2010-10-21T11:15:00Z

GLOBAL – The Alaska Retirement Management Board has no plans to increase investment in real estate over the next 12 months.

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Investors moderate their return expectations for US real estate, says ULI/PwC

2010-10-18T15:15:00Z

GLOBAL – Investors have lowered their return expectations for investing in US real estate over the next few years, according to PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI).

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Pension funds targeting US multi-family housing

2010-10-14T15:15:00Z

GLOBAL – Multi-family housing has been identified as the favoured sector for investment in the US by a number of European pension funds, a position backed up by new research from Pramerica Real Estate Investors.

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Capital flows to US real estate set to double, says DTZ

2010-10-14T14:30:00Z

GLOBAL – Global investment capital targeting US real estate is set to double in 2011 as the outlook for the market completes a dramatic improvement over the past 12 months, according to DTZ.

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Ohio scheme to invest $400m in real estate funds

2010-10-14T13:00:00Z

GLOBAL – The Ohio Public Employees Retirement System is conducting due diligence on investments into two new commingled funds totalling $400m (€287.4m).

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Los Angeles tenders RFI for separate account manager

2010-10-14T12:45:00Z

GLOBAL – The Los Angeles City Employees Retirement System (LACERS) has approved a request for information (RFI) to hire a real estate manager for a separate account.