All News articles 鈥� Page 1224
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麻豆映画-QUEST: $100m REIT mandate
NETHERLANDS 鈥� A Dutch institutional investor is looking for a real estate manager via 麻豆映画-Quest. The mandate is for an active $100m (鈧�73.8m) US and Canada real estate mandate benchmarked against the FTSE EPRA NAREIT North America TR In...
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RREEF takes to the road for 鈧�1.3bn
EUROPE - RREEF Infrastructure has acquired 50% of German motorway service operator Tank & Rast for a reported 鈧�1.3bn. The acquisition, from private equity firm Terra Firma, includes 390 motorway service stations across Germany. John ...
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Orange County Employees places $116m
UNITED STATES - Orange County Employees Retirement System has approved real estate investments totaling $116m (鈧�86.4m) to be invested in a mixture of public and private real estate. The pension fund approved $75m of capital to be managed by ...
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Morgan Stanley fund reaches $8bn height
UNITED STATES - Morgan Stanley Real Estate has raised $8bn (鈧�5.94bn) for its most recently-completed international commingled fund MSREF VI International. 鈥� the largest sum ever raised for a single real estate fund. Capital raised was ...
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Germany 鈥榮till offers best opportunities鈥�
GERMANY - International Real Estate (IRE) has ruled out expansion outside German property despite recent investor jitters over market underperformance. This vote of confidence came as the AIM-listed investment firm posted year-end pre-tax profits ...
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Cornerstone to market new hotel fund
UNITED STATES - Cornerstone Real Estate Advisers is to begin the marketing process for its next commingled fundraising. The real estate manager is looking at raising around $400m ($297.1m euros) to $600m through the Cornerstone Hotel Income and Eq...
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Rodamco moves into Le Havre docklands
FRANCE - Rodamco Europe has agreed to acquire a large shopping and leisure centre under development in the Le Havre harbour area, the firm has announced. The 鈧�10.6bn company said it has signed an agreement with Vinci Immobilier and ING Real ...
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Pennsylvania State Employees pursues opportunity
UNITED STATES - Pennsylvania State Employees Retirement System has approved a $50m (鈧�37.1m) commitment into the Rockpoint Real Estate Fund III by recycling its capital. Principal at The Townsend Group, Rob Kochis, has been working with the p...
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Enpam offloads real estate
ITALY - Enpam, the Italian pension fund for doctors and dentists, has sold a 29-property portfolio for 鈧�305m. Pirelli Real Estate acquired the portfolio with holder Global Opportunities Fund II, a fund managed by Deutsche Bank subsidiary RRE...
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Rabobank scheme plots its real estate future
NETHERLANDS - The Stichting Pensioenfonds Rabobank has started to invest in plots of land, to create future building opportunities for its property investments. Details of the firm鈥檚 annual report reveal the 鈧�10bn scheme has acquired 2...
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US real estate investment to slow
UNITED STATES - Mercer Investment Consulting is expecting less pension fund money to enter the US real estate markets this year. According to Real Estate newsletter, the market has matured sufficiently to expect inflows of assets will now slow, sa...
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Germany is ING鈥檚 prime office market
GERMANY - ING Real Estate has allocated Germany as the most important market for its European Office Fund, fund manager Leo Weidenaar said. "Since its economy is recovering very fast, Germany offers big opportunities. After entering the Germ...
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Ambitious Italian fund targets 20% returns
ITALY - Managers of two funds launched last week claim they can harness scarce Italian real estate assets to generate well-above-average returns for pension fund investors. Cordea Savills鈥� Italian Opportunities Fund II will target returns o...
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CalPERS commits $200m to Asia
UNITED STATES - California Public Employees Retirement System is the latest pension fund to further invest in Asian real estate after approving a $200m (鈧�149.2m) commitment to the Asia Real Estate Securities Opportunity Fund. Jane Delfendahl...
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Wall of money to stay firm for 2007 - DTZ
EUROPE - A report published by DTZ offers a largely optimistic prognosis for growth in European real estate markets 鈥� at least in 2007. The report, entitled Money into property, said a 25% increase in global investment transactions worth $6...
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Polish bourse challenges AIM for property firms
POLAND - Warsaw Stock Exchange intends to challenge London鈥檚 Alternative Investment Market (AIM) as the destination for property firm flotations. Its claim follows the announcement last week from XXI Investments, a Ukrainian property devel...
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China real estate AIMs for London listing
UK-CHINA - A former Watson Wyatt pensions adviser is a key member of a team seeking a London stock exchange listing for a Chinese real estate company. Stuart Leckie, former chairman of Watson Wyatt in Asia and founding chairman of the Hong Kong Re...
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AMB completes initial capital for European fund
UNITED STATES 鈥� European pension funds were key investors in the initial fund-raising period for AMB Europe Fund I commingled fund, according to AMB executives. John Roberts, president of AMB Capital Partners, said around 95% of the capital ...
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Institutional capital still flowing to Latin America - Pramerica
UNITED STATES - Latin America real estate is still seeing strong capital inflows and interest , according to a quarterly research report done by Pramerica Real Estate Investors. Much of that activity is happening in Mexico as the country is attrac...
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Los Angeles Fire & Police expands real estate view
UNITED STATES- Los Angeles Fire & Police Pension System is taking a look at three separate real estate buys through a mixture of fund selection and direct investment. The pension fund鈥檚 real estate consultant, The Townsend Group, will su...
