ΒιΆΉΣ³» ΒιΆΉΣ³» Real Assets news β Page 1255
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Ex-CalPERSβ McCook joins new firm
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 ...
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Real estate helps drive Storkβs returns
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...
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Wisconsin to invest in non-core assets
REAL ESTATE - The $70.4bn (β¬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...
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Pirelli Real Estateβs Spazio to list in London
REAL ESTATE β Pirelli & C. Real Estate SpAβs Spazio Industriale Investments I BV is to list on Londonβs Alternative Investment Market in a listing aimed solely at institutional investors. βThe Italian industrial real es...
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Deka sells three properties for β¬690m
REAL ESTATE β DekaBank, a major German provider of open-ended property funds, has sold three commercial properties from its core German fund for β¬690m as part of an ongoing restructuring of the fund. DekaBank began the restructuring of...
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NY Teachers in β¬77m Texas retail venture
REAL ESTATE - The New York State Teachers Retirement System has put together a $100m (β¬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 ...
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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 β¬68m β but says it remains on the βbuy sideβ in the sector. Mats Hederos, head of real estate at the Swed...
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ΒιΆΉΣ³» Real Estate Conference Report
REAL ESTATE - The second annual ΒιΆΉΣ³» Real Estate Conference β held alongside the magazineβs inaugural Awards Gala β drew a heavyweight collection of pension fund investors and consultants to the Amsterdam Hilton last week. Confer...
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ΒιΆΉΣ³» Real Estate Awards: the winners
REAL ESTATE - Pension fundsβ 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...
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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 βunsustainableβ, he told the ΒιΆΉΣ³» 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 β¬352m acquisition of Luxembourg-based warehouse developer Eurinpro. The 8.8% Macquarie-owned t...
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Quinlan leads Spainβs 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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Pramerica creates first venture with ProLogis
REAL ESTATE- Pramerica Real Estate Investors has established a joint venture for the first time with ProLogis to develop industrial properties near Denver in Colorado. Pramerica made a $40m (β¬31m) investment in the venture, which gets the pe...
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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 investorsβ anticipation of an interest rate rise. In a commentary, Royal Institution of Chartered Surv...
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Pennsylvania to invest in real estate finance firm
REAL ESTATE β The Pennsylvania Public School Employees Retirement System has chosen to invest up to $150m (β¬116m) into a new real estate finance company being created by Apollo Real Estate Advisors. The name of the new company is Apoll...
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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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AEW raises β¬532m from schemes, endowments
REAL ESTATE- AEW Capital Management has closed its money raising for its latest commingled fund, AEW Partners V. It attracted equity capital from both pension funds and endowments totaling $686m (β¬532m). AEW portfolio manager Mark David...
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Credit Suisse real estate arm gets new MD
REAL ESTATE - Beat Schwab is to replace Alois Weibel as managing director of Credit Suisseβs Swiss real estate services arm Wincasa. Weibel is to retire from January 1 next year, the firm said in a release. The firm employs around 300 peo...
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LaSalle's Ryall joins Gellatly at MLIM
REAL ESTATE - Merrill Lynch Investment Managers has hired LaSalle Investment Management's Matthew Ryall. MLIM said Ryall would be a director in its real estate research and strategy team - "with particular responsibility as fund manager for t...
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Pramerica signs agreement for retail venture
REAL ESTATE - Pramerica Real Estate Investors has signed a contract to form a joint venture with Cousins Properties to invest in retail properties. The deal β involving five Cousins properties - could be approved by the end of the month. ...
