All Real Assets articles in June 2006 (Online)

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  • News

    Deka sells three properties for €690m

    2006-06-05T00:00:00Z

    REAL ESTATE – DekaBank, a major German provider of open-ended property funds, has sold three commercial properties from its core German fund for €690m as part of an ongoing restructuring of the fund. DekaBank began the restructuring of...

  • News

    NY Teachers in €77m Texas retail venture

    2006-06-05T00:00:00Z

    REAL ESTATE - The New York State Teachers Retirement System has put together a $100m (€77.2m) joint venture with Inland Real Estate Corp. to invest in retail properties in Texas. The fund was the driving force behind the venture as it had a ...

  • News

    AMF Pension still on real estate buy-side

    2006-06-05T00:00:00Z

    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 β€œbuy side” in the sector. Mats Hederos, head of real estate at the Swed...

  • News

    Wisconsin to invest in non-core assets

    2006-06-05T00:00:00Z

    REAL ESTATE - The $70.4bn (€54.4bn) Wisconsin State Investment Board is to look at placing some capital into the marketplace this year with a non-core investment strategy. These will be done in a mixture of strategies on both the commingle...

  • News

    ΒιΆΉΣ³»­ Real Estate Awards: the winners

    2006-06-05T00:00:00Z

    REAL ESTATE - Pension funds’ adoption of new models for new markets paid off at the ΒιΆΉΣ³»­ Real Estate Awards last night as investors collected prizes for geographical diversification and the move into indirect investment. The awards, announce...

  • News

    Dutch rail fund questions real estate boom

    2006-06-05T00:00:00Z

    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 β€œunsustainable”, he told the ΒιΆΉΣ³»­ Real ...

  • News

    ΒιΆΉΣ³»­ Real Estate Conference Report

    2006-06-05T00:00:00Z

    REAL ESTATE - The second annual ΒιΆΉΣ³»­ Real Estate Conference – held alongside the magazine’s inaugural Awards Gala – drew a heavyweight collection of pension fund investors and consultants to the Amsterdam Hilton last week. Confer...

  • News

    Pirelli Real Estate’s Spazio to list in London

    2006-06-05T00:00:00Z

    REAL ESTATE – Pirelli & C. Real Estate SpA’s Spazio Industriale Investments I BV is to list on London’s Alternative Investment Market in a listing aimed solely at institutional investors. β€œThe Italian industrial real es...

  • News

    Amonis cuts real estate for hedge funds

    2006-06-12T00:00:00Z

    REAL ESTATE - The €1bn Amonis pension scheme for dentists, doctors and pharmacists has reduced its exposure real estate – and equities - and ploughed roughly €34.2m into a fund of hedge funds portfolio managed by Key Asset Managemen...

  • News

    Henderson appoints Austrian real estate chief

    2006-06-12T00:00:00Z

    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...

  • News

    Henderson in US deal with pension fund

    2006-06-12T00:00:00Z

    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...

  • News

    Real estate helps drive Stork’s returns

    2006-06-12T00:00:00Z

    NETHERLANDS - With returns of 29.1% real estate provided a key driver to the returns of 14.7% of Pension Fund Stork, it said in its annual report. Equity returned 29.3% while fixed income yielded 9%. The returns on complementary investments were 1...

  • News

    New editor named at ΒιΆΉΣ³»­ Real Estate

    2006-06-12T00:00:00Z

    GLOBAL – Martin Hurst, features writer at ΒιΆΉΣ³»­ Magazine, is to take over as editor at sister publication ΒιΆΉΣ³»­ Real Estate. Hurst has been with ΒιΆΉΣ³»­ since 2004 and last year won the Best Fund Management Trade Journalist award at State Street Glo...

  • News

    Ex-CalPERS’ McCook joins new firm

    2006-06-12T00:00:00Z

    REAL ESTATE - Mike McCook, the former senior investment officer for real estate at the California Public Employees Retirement System, has found new employment. He is now co-owner of a company in San Francisco called Kenwood Investments. The other ...

  • News

    Tyneside pension fund tenders valuation

    2006-06-12T00:00:00Z

    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...

  • News

    Singapore to invest in student housing

    2006-06-12T00:00:00Z

    REAL ESTATE - GIC Real Estate, the real estate investment arm of the Government of Singapore Investment Corporation, has formed a joint venture with Campus Apartments to invest in the student housing industry. There is a total of $333m of equity i...

  • News

    ING REIM opens Nordic office

    2006-06-12T00:00:00Z

    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…

  • News

    Rubenstein raises €378m for new office fund

    2006-06-19T00:00:00Z

    REAL ESTATE - Rubenstein Partners has attracted a total equity raise of $475 million (€378m) for its commingled fund, Rubenstein Properties Fund, L.P. The investors in the fund were a mixture of corporate pension funds, educational endowment...

  • News

    Finland’s Varma offloads €74m of retail

    2006-06-19T00:00:00Z

    REAL ESTATE – Varma Mutual Pension Insurance Co., Finland’s largest private insurance company, has agreed to sell 116 retail properties to a real estate fund. Sveafastigheter Fund II said it has signed an agreement to acquire the prope...

  • News

    Stouthamer boosts European team

    2006-06-19T00:00:00Z

    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...