All News articles 鈥� Page 1205
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European property to slow despite pensions intervention
Investment in commercial property, having survived the 2007 credit crunch, will tail off in 2008 despite a liquidity injection from liquid investors, investment house Aberdeen has predicted.
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Dubai wealth fund offers 鈧�3.1bn for Colonial
GLOBAL 鈥� Sovereign wealth fund the Investment Corporation of Dubai (ICD) is seeking approval from two major shareholders in Colonial for its 鈧�3.1bn offer for the Spanish property firm.
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Doubt over debt deal could put BAA on block
SPAIN - Infrastructure firm Ferrovial has claimed it will go ahead with its 拢9bn (鈧�11.7bn) refinancing plans despite rumours suggesting Australian infrastructure investor Macquarie was circling the UK airports operator BAA.
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EC pursues UK and Belgium over EPC status
EUROPE 鈥� The Belgian and UK governments are being taken to task by the European Commission for their failure to implement EU requirements stating how energy performance in buildings is measured.
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Norway appoints Partners Group for real estate advice
NORWAY 鈥� The Norwegian Ministry of Finance has appointed PartnersGroup to provide real estate consultancy services to the NOK 2.1trn(鈧�265bn) Government Pension Fund - Global.
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German doctors mull infrastructure
GERMANY 鈥� The 鈧�9bn Nordrheinische 脛rzteversorgung (NAEV), the German pension fund for doctors in the North Rhine region, is contemplating a move into infrastructure investments.
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CalPERS allocates $2.4bn to timberland
UNITED STATES - California Public Employees Retirement System (CalPERS) has made an initial new allocation to invest 1% of its total plan assets in timberland, which means $2.4bn (鈧�1.6bn) could be invested to the property type over several years.
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New Jersey considers $350m for non-core
UNITED STATES - New Jersey Division of Investment is looking at placing $350m (鈧�232m) into non-core real estate investments through commitments to six commingled funds.
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Chicago Teachers reviews 'emerging managers' status
UNITED STATES- Public School Teachers鈥� Pension and Retirement Fund of Chicago is looking at investing $125m (鈧�84.3m) this year, in international real estate and emerging managers, once the scheme has reviewed its definition of an 鈥榚merging manager鈥�.
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Washington places $250m in 'non-traditional' real estate
UNITED STATES - Washington State Investment Board has approved a $250m (鈧�168m) commitment into the Morgan Stanley Real Estate Special Situations III commingled fund, to gain global exposure to real estate companies.
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US pensions show appetite for entity-level investing
UNITED STATES - School Employees Retirement System of Ohio is one of several pension funds in the United States showing a significant interest in placing capital into entity level real estate investments.
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Environment code to calculate property鈥檚 carbon emissions
GLOBAL - The Investment Property Databank (IPD) has launched a majorglobal initiative to help real estate owners measure and understand theenvironmental impact their buildings have, as officials believe suchdata will become a component of future real estate pricing andlegislation.
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Pension funds pull out of Equest
UK - The BBC Pension Trust, SAUL, BHS Pension Scheme and P&O Pension Scheme have sold their shareholdings in Jersey-based property investment firm Equest Partners.
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Fair value potential entices investors back to UK
EUROPE - Continental European property yields will follow the widening UK trend in 2008, 鈥渢hough not to the same extent鈥�, according to Tony Horrell, CEO of European capital markets at Jones Lang LaSalle.
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Sovereign funds to save assets in distress
GLOBAL - Sovereign wealth funds (SWFs) will take over from private equity as they exercise their financial weight by acquiring distressed assets and companies, according to Ernst & Young鈥檚 global real estate report.
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Oil powers Canada returns
CANADA - Commercial property in oil-rich provinces contributed to Canadian returns of 16.1%, compared with 10.5% for equities, and 4.7% for bonds, according to IPD figures published last week.
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Spanish spread boosts logistics
SPAIN - Spanish logistics markets are expanding as urban sectoral growth continues at above the national average, according to a Savills report on the country鈥檚 warehousing market.
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CalPERS approves 鈧�850m in real estate
UNITED STATES - California Public Employees Retirement System has allocation $859.8m (鈧�587.9m) of new real estate investments in commingled funds containing a mixture of local and international real estate, and debt.
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AVP Advisors raises $400m in 鈥榓lternative real estate鈥� play
UNITED STATES - AVP Advisors attracted $400m ($273.5m euros) of institutional capital, including pension fund assets, to a new type of commingled fund combining indirect investment with direct holdings.
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NYSTRS creates new industrial JV
UNITED STATES - New York State Teachers Retirement System (NYSTRS) has created a new joint venture to invest in western US industrial properties.
