Real Estate news 鈥� Page 730
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Crisis model includes real estate for first time
GLOBAL 鈥� A crisis forecasting model developed for banking regulators has included property prices as a key risk factor for the first time.
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Nottingham PF sells 鈥榯oo big鈥� retail park
UK 鈥� A listed company specialising in edge-of-town and out-of-town retail has acquired assets from Nottingham local authority pension fund and Xerox Pensions for a total of 拢22.7m (鈧�26.3m).
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East Riding gains indirect exposure to healthcare development
UK 鈥� A listed healthcare property fund that has the 拢1.6bn (鈧�1.86bn) East Riding local authority pension scheme as its third largest investor last week acquired a primary care health centre development for 拢5.7m.
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VR Pension buys Tampere hotel development
FINLAND 鈥� VR Pension, the 鈧�920m Finnish state railway workers pension scheme, has agreed a joint venture with Stockholm-based hotel firm Scandic to build a hotel in the centre of Tampere, Finland鈥檚 second largest city.
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German nursing home fund targets smaller pension investors
GERMANY 鈥� Small pension funds from outside Germany will invest in a fund dedicated to German nursing homes, according to fund manager Felix von Braun, a former managing director of Savills.
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Macro drives Euro growth as UK confidence boosts non-listed funds
EUROPE - Broad recovery in European property markets raises the prospect that markets such as Denmark and the Netherlands could escape the cyclical downturn altogether.
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Investors look past prime to secondary assets
EUROPE - European pension funds will look to secondary assets in search of higher returns as economies recover across the region, according to Simon Mallinson, director of research at Invesco.
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Chinese investors buy back residential after pricing policy move
CHINA - A group of Chinese investors has acquired a prime serviced residential block in Shanghai from SEB Asset Management (SEBAM)鈥檚 Asian property SICAV 鈥� the latest deal in a trend for Asian investors to replace capital from European and US pension funds.
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BarCap to sell stake in university housing arm
UK 鈥� Barclays Capital is to sell part of University Partnerships Programme (UPP), its on-campus student accommodation manager, in a bid to raise 拢800m (鈧�933m) for projects that will double the size of its portfolio.
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APG acquires Nice shopping centre in three-way deal
FRANCE/NETHERLANDS - A three-way joint venture involving Dutch pension fund ABP has acquired Cap 3000, a Nice shopping centre, for 鈧�450m.
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CPPIB and Kimco join forces to hunt US retail
AMERICAS 鈥� The Canada Pension Plan Investment Board (CPPIB) has acquired a $166.5m (鈧�125.8m) interest in four US shopping centers through a joint venture with Kimco Realty Corporation.
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Munich buy reflects the robustness of residential
GERMANY 鈥� An unnamed European institutional investor 鈥� understood to be a German pension fund 鈥� has acquired a fully rented 274-unit residential block in a Munich suburb for 鈧�42.1m.
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US housing recovers 鈥� but tax regulations deter foreign investors
UNITED STATES 鈥� The residential market in the US is recovering, but foreign investors will not be placed to capitalise on opportunities unless government tax restrictions are lifted.
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Pension funds tap long-term potential of old age
UK 鈥� The raising of 拢80m (鈧�92m) in new equity for a UK social infrastructure fund reflects pension fund appetite for long-term investments linked to inflation, according to Aviva Investors fund manager Neil Gardiner.
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Mass PRIM rebuilds timber portfolio
UNITED STATES - Massachusetts Pension Reserves Investment Management Board (Mass PRIM) is to invest a further $500m ($376m euros) in US timber after selling a $700m section of its portfolio approximately three years ago.
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Local authority funds urged to invest in housing
UK 鈥� A real estate debt specialist has slated UK local authority pension funds for failing to invest in domestic social housing.
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Germany鈥檚 BVK signals fresh interest in Polish real estate
GERMANY 鈥� Invesco Real Estate has invested in a logistics development in Poland on behalf of pension fund BVK, and says there is growing interest in the market from other German institutional investors.
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ING REIM steps in to rescue Creed fund
ASIA 鈥� ING Real Estate Investment Management has taken over as general partner (GP) at an Asian real estate fund for the second time in 12 months.
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CalPERS takes social action to protect rent rates for lower-income households
UNITED STATES 鈥� The California Public Employees鈥� Retirement System (CalPERS) is seeking to prohibit excessive rent increases and involuntary displacement of low-income households in its US multi-family residential investments.
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Italian real estate scraped a positive return in 2009
ITALY 鈥� Capital values in Italian commercial property suffered the steepest decline in its seven-year history, falling by -4.6% in 2009, according to Investment Property Databank (IPD).
