Âé¶¹Ó³»­ Alternatives News – Page 371

  • News

    Schroders seeks growth on agricultural land

    2008-08-11T17:52:00Z

    GLOBAL – Schroders, the asset manager, is hoping to tap into growing global demand for food production by investing in agricultural land.

  • News

    Deka’s Westinvest eyes bargains in Lithuania

    2008-08-11T17:46:00Z

    LITHUANIA – Deka Immobilien, the German asset manager, has shown renewed interest in the Lithuanian retail property market despite inflation pressures on the local economy, by purchasing the Akropolis shopping centre in Vilnius.

  • News

    NYSTRS provides the finance for real estate mortgages

    2008-08-07T17:25:00Z

    UNITED STATES - New York State Teachers Retirement System has expanded its real estate portfolio with a commitment to several mortgaged transactions and a commingled fund.

  • News

    Contra Costa County sees a debt opportunity

    2008-08-07T17:21:00Z

    UNITED STATES- Contra Costa County Employees’ Retirement Association has approved a $75m (€48.6m) commitment into the ING Clarion Debt Opportunity Fund II – its first investment in a debt fund focused on real estate.

  • News

    Real estate teams sign expertise

    2008-08-04T16:54:00Z

    EUROPE – Asset managers Prupim and First State Investments have made changes to their real estate teams which they hope will improve their positions in the retail and infrastructure markets.

  • News

    Talking Point: Moving into the distressed debt gap

    2008-08-04T10:50:00Z

    News has slowly emerged over recent months of plans by US pension funds in particular to allocate some of their real estate assets to distressed debt opportunities, in light of the credit crunch. But just open is the market to new investors, and are there the opportunities.

  • News

    Los Angeles City places capital into debt fund

    2008-07-31T17:31:00Z

    UNITED STATES - Los Angeles City Employees Retirement System has made a $20m (€12.7m) to the Mesa West Real Estate Income Fund II, in a bid to capitalise on the supply and demand financing opportunities in the mid-size segment of the marketplace.

  • News

    Pennsylvania State moves capital into distressed fund

    2008-07-31T17:28:00Z

    UNITED STATES - Pennsylvania State Employees Retirement System has approved a $15m (€9.5m) into Arden Real Estate Fund I - a distressed real estate fund.

  • News

    ING Clarion closes in on value-added space

    2008-07-31T17:25:00Z

    UNITED STATES - ING Clarion Partners continues with its value-added strategy for some of its capital sources with the closing of $166m (€105.4m) worth of transactions.

  • News

    ABP joint venture spends €2.7bn in shopping spree

    2008-07-29T16:25:00Z

    NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).

  • News

    Québec enters scramble for Russia

    2008-07-28T16:58:00Z

    CANADA/RUSSIA - Ivanhoe Cambridge, the €8bn shopping centre subsidiary of the CA$155.4bn (€98.3bn) Caisse de dépôt et placement du Québec, has acquired a Moscow shopping centre for an undisclosed figure.

  • News

    Consortium completes German HighStreet purchase

    2008-07-28T16:56:00Z

    GERMANY – A consortium comprising of RREEF Alternative Investments, the Borletti Group, the Generali Group, and Pirelli RE today announced it has completed the acquisition of a 49% stake in “Highstreet�, the investment company owning the majority of Karstadt’s German department store premises.

  • News

    Opt for Reading over Riyadh - fund manager

    2008-07-28T16:53:00Z

    MIDDLE EAST – Pension fund real estate investors should steer clear of the Middle East property, use debt if you can get it, and wait for a property market turnaround in the UK, according to asset managers.

  • News

    Market expansion ends at Leipzig

    2008-07-28T16:43:00Z

    GERMANY - The outward spread of Germany’s property market will halt at Leipzig, the outpost of international investibility, according to Sascha Hettrich, managing partner of King Sturge’s German office.

  • News

    LA Fire and Police goes for safety with real estate assets

    2008-07-24T17:10:00Z

    UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.UNITED STATES - Los Angeles Fire and Police Pensions has chosen to make its real estate portfolio more conservative in the near term.

  • News

    CalSTRS to tread cautious real estate path

    2008-07-24T17:08:00Z

    UNITED STATES – The California State Teachers Retirement System is planning to take a cautious approach to real estate investment for its fiscal year in 2009.

  • News

    US pension funds still interested in value-added real estate

    2008-07-17T15:55:00Z

    UNITED STATES - Apollo Real Estate Advisors was able to reach its capital raising target for its latest commingled fund, Apollo Value Enhancement Fund VII.

  • News

    CalPERS invests in ‘master-planned’ residential

    2008-07-17T15:40:00Z

    UNITED STATES - Newland Communities has made another investment in a residential land for a partnership with the California Public Employees Retirement System.

  • News

    Florida plans up to $1.1bn investment in infrastructure and timber

    2008-07-17T15:35:00Z

    UNITED STATES - Florida State Board of Administration has approved commitments to infrastructure and timber for as much as $1.1bn (€691.6m).

  • News

    Property funds target Italian market, investors

    2008-07-14T16:10:00Z

    ITALY - LaSalle Investment Management last week opened an office in Milan under former Redevco chief acquisitions officer Francesco Coviello.