ΒιΆΉΣ³» ΒιΆΉΣ³» Real Assets news β Page 1254
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News
Investors now βmore choosyβ on real estate IPOs
REAL ESTATE β Merrill Lynch reckons investors have become more discriminating about new real estate share issues recently. It follows what it calls an earlier βindiscriminateβ flood of cash from investors into real estate initial...
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BP pension fund not giving up on town bid
REAL ESTATE β The Β£12bn (β¬17.4bn) BP Pension Fund says it hasnβt given up on its bid to build a new town in southern England, despite a regional inspectorβs report recommending it be shelved. The Hertfordshire develop...
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Dutch metalworkers in β¬18m apartment buy
REAL ESTATE - Mn Services has acquired part of the Netherlandsβ largest building for its owner, the β¬20bn metalworkersβ Pensioenfonds Metaal en Techniek (PMT), for β¬18.34m. PMT acquired a residential section of the 152m hi...
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CBRE in deal with Oxford Property Consultants
REAL ESTATE β UK real estate research and investment firm Oxford Property Consultants has inked a deal with CB Richard Ellis. The move will see a merger between OPCβs investment management arm with the existing UK multi-manager busines...
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Germany plans huge real estate sell-off
REAL ESTATE β The German government plans to sell β¬500m worth of its own real estate annually as part of a rationalisation programme, the head of the federal agency in charge of the properties says. The governmentβs properties in...
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Swedish buffer fund considers real estate
REAL ESTATE β The roughly SEK187.3bn (β¬20.2bn) buffer fund FΓΆrsta AP-Fonden, or AP1, may consider real estate as it continues its push into alternative asset classes. βIt could be hedge funds or real estate,β said a sp...
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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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Finlandβs Varma offloads β¬74m of retail
REAL ESTATE β Varma Mutual Pension Insurance Co., Finlandβs 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...
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SocGen real estate chief exits in revamp
REAL ESTATE β Quoc-Gian Tran, global head of real estate at Societe Generale Asset Managementβs alternatives arm, is leaving to be replaced by Jean-Christophe Ginet. Tran plans a βnew departure to his careerβ a statement sa...
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Stouthamer boosts European team
REAL ESTATE - Composition Capital β the investment management firm set up by former MN Services real estate chief Erwin Stouthamer last year β is close to hiring an investment manager for its Composition Capital Europe fund. The Dutc...
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IPD names Callenderβs replacement
REAL ESTATE - Real estate data firm IPD has named Malcolm Frodsham to take the director of research role vacated by Mark Callender last year. Callender β research chief since 2001 β joined Schroders as head of international property re...
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PensionDanmark starts real estate project
DENMARK β PensionDanmark has begun building apartments in MΓ₯lΓΈv, near Copenhagen, that will be ready for occupation at the end of 2007. By 2008 PensionDanmark, an industry-wide pension fund, will invest DKK800m in building four dif...
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Rubenstein raises β¬378m for new office fund
REAL ESTATE - Rubenstein Partners has attracted a total equity raise of $475 million (β¬378m) for its commingled fund, Rubenstein Properties Fund, L.P. The investors in the fund were a mixture of corporate pension funds, educational endowment...
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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 beginnβ¦
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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 firmβs Manager of Partners account agreement...
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New editor named at ΒιΆΉΣ³» Real Estate
GLOBAL β 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...
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Tyneside pension fund tenders valuation
REAL ESTATE β The Tyne & Wear pension fund has tendered valuation services for its β¬450m commercial property portfolio. The portfolio, currently managed by Arlington Property Investors, comprises 33 properties located across the U...
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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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Singapore to invest in student housing
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...
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Amonis cuts real estate for hedge funds
REAL ESTATE - The β¬1bn Amonis pension scheme for dentists, doctors and pharmacists has reduced its exposure real estate β and equities - and ploughed roughly β¬34.2m into a fund of hedge funds portfolio managed by Key Asset Managemen...
