Â鶹ӳ» Residential News – Page 154
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UK to discuss next step to residential investing
UK – The UK government will launch a consultation in 2010 on the private rented residential sector, which has been attracting interest from institutional fund managers and pension funds.
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Orion’s Europe III captures €1bn
EUROPE – Orion Capital Managers has closed the capital raising programme for its latest European opportunity fund, breaking its publicly-stated fundraising target of €1bn.
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CalPERS endures fresh $4.2bn real estate hit
UNITED STATES – The California Public Employees Retirement System has revealed it suffered a $4.2bn (€2.82bn) loss on its real estate portfolio during the second quarter of 2009.
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Unite signs real estate deal with popular M&G fund
UK – Student housing specialist manager Unite has agreed to a sale-and-leaseback arrangement for one of its flagship assets in Bristol with the M&G Secured Property Income Fund for a total cash consideration of £21.5m (€24m).
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SanFran City & County suffers fresh real estate drop
UNITED STATES - San Francisco City and County Employees Retirement System took another hit on its real estate portfolio in the first half of 2009, as the falling market continued to hurt investment returns and income.
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Texas Teachers moves into core investments
UNITED STATES - Teacher Retirement System of Texas has widened its investments in core real estate and hired three real estate managers to look after $800m (€532.7m).
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NY Common adds $200m to affordable housing
UNITED STATES - The New York State Common Retirement Fund has made another $200m (€134m) investment with the Community Preservation Corporation to extend its existing relationship.
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GI Partners fund attracts fresh pension fund assets
UNITED STATES - GI Partners has raised $1.9bn (€1.3bn) for its latest commingled fund, GI Partners Fund III, through a mixture of both new and existing pension fund capital, although the firm failed to meet its $2.5bn fundraising target.
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Savills sets focus on real estate alternatives
UK – Savills has launched a series of papers to identify alternative property sectors, in response to unprecedented volatility seen in the mainstream UK commercial real estate market.
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ING to focus on mixed use real estate projects
GLOBAL – Dutch-headquartered real estate investor ING Real Estate Development is planning to invest in and develop projects over the next few years which provide secure but mixed origin revenue.
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Principal raises $214.4m for green fund
UNITED STATES - Principal Real Estate Investors has raised $214.4m (€144.6m) in equity commitments for its Green Property Fund.
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Oregon tops up distressed debt real estate holdings
US – Oregon Public Employees Retirement Fund has demonstrated its ongoing commitment to Lone Star Funds by committing a further $400m (€273.6m) of capital to the distressed real estate debt specialist.
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Institutions turning to rented housing
EUROPE – Institutional investors are seeking safety in housing real estate as an investment option but not all opportunities are equal, the German real estate company Patrizia has suggested in a study.
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Progress almost complete on real estate disposal
NETHERLANDS – Progress, the Dutch pension fund of food giant Unilever, is close to completing the disposal of its entire directly-held real estate portfolio.
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Pension funds write off investments in NYC apartment complex
UNITED STATES - At least two pension funds in the US have suffered major losses on their investments in the Stuyvestant Town and Peter Cooper Village apartment complex in Manhattan.
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Aviva to invest £1bn in UK rental housing
UK – Aviva Investors is intending to launch a real estate fund aimed at pension funds and institutional investors that will invest in UK residential assets.
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Florida Board of Administration reassigns MS managed assets
UNITED STATES - Florida State Board of Administration has signed contracts to transfer 85% of the $2.7bn (€1.93bn) separate account assets previously managed by Morgan Stanley Real Estate to Heitman, L&B Realty Advisors and Invesco Real Estate.
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SBZ begins direct portfolio sell-off
NETHERLANDS - SBZ, the €2.2bn Dutch pension fund for care insurer employees, has made its first two disposals of direct property holdings as part of a transition to a wholly indirect real estate exposure.
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German investors return home for safety
GERMANY – Interest in domestic residential property funds is rising among German institutional investors, according to German real estate fund manager Patrizia Immobilien.
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Progress continues on real estate sale
NETHERLANDS - Progress, the Dutch pension fund of food giant Unilever, has sold three housing complexes in Breda, Groningen and Nijmegen as it continues to divest its directly-held domestic real estate portfolio.
