Real Estate news 鈥� Page 735
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BBC pension fund moves out of London鈥檚 Regent Street
UK 鈥� CB Richard Ellis Investors has confirmed the sale of Mutual House, owned by the pension scheme of the British Broadcasting Corporation (BBC), for 拢30m (鈧�32.1m), reflecting a yield of 5.4%.
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Tesco continues property deals with pension funds
UK 鈥� Tesco has formed a fourth joint venture with a UK pension fund to sell and leaseback property assets, in an effort to release value from its property portfolio.
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Heitman buys into shopping venture
UNITED STATES 鈥� Heitman, the real estate asset manager, has formed a joint venture with Macerich, the US shopping centre owner, and bought a major stake in two US regional shopping centres.
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GE pension fund caught up in real estate loan battle
FRANCE 鈥� Creditors of Paris office complex Coeur D茅fense may appeal a court ruling which forced them to extend a securitised 鈧�1.5bn loan to the property鈥檚 joint owners, one of which is a General Electric pension fund.
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USS snaps another high street bargain
UK 鈥� The Universities Superannuation Scheme (USS) has made another retail acquisition in the UK, taking its total UK real estate investment in 2009 to 拢300m (鈧�327m).
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SWIP re-enters European retail property
EUROPE 鈥� Scottish Widows Investment Partnership (SWIP) has signalled its intention to re-enter the continental European real estate market with the launch of retail fund run in partnership with Cushman & Wakefield Investors (CWI).
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Oregon tops up distressed debt real estate holdings
US 鈥� Oregon Public Employees Retirement Fund has demonstrated its ongoing commitment to Lone Star Funds by committing a further $400m (鈧�273.6m) of capital to the distressed real estate debt specialist.
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San Bernardino County turns to European debt
UNITED STATES - San Bernardino County Employees Retirement Association is planning to invest a total of 鈧�60m (鈧�41m) the Apollo European Principle Finance Fund, although at least $20m of those assets are being as co-investments to specific transactions.
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Rothschild and Shaner to hotel loans REIT
UNITED STATES - Rothschild Realty and Shaner Hotel Group have formed a new investment entity called Shaner Mortgage REIT, which will invest $200m (鈧�135.1m) in the purchase of whole loans secured by US hotel properties.
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Institutions turning to rented housing
EUROPE 鈥� 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 鈥� 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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BAE Pension taps coastal space
UK 鈥� The pension fund of BAE Systems in the UK has bought a retail warehouse through property fund managers LaSalle Investment Management.
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Birmingham shoppers to support Australian pensions
AUSTRALIA/UK 鈥� The Australian government鈥檚 Future Fund has bought a 33% stake in the Bullring in Birmingham, England from Land Securities.
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BBC receives offer for London office
UK 鈥� The pension fund of the British Broadcasting Corporation (BBC) has confirmed that it has been offered 拢30m (鈧�34m) for its office building in London.
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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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Hampshire to target UK property in next 12 months
UK 鈥� Hampshire County Council is looking to almost double its pension fund's exposure to UK commercial property over the next year to meet the 8% target allocation agreed before the market downturn.
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BPF Bouw and Progress sell Unilever HQ
NETHERLANDS 鈥� Dutch pension funds BPF Bouw and Progress have sold the headquarters of food giant Unilever in Rotterdam to German fund manager Real IS.
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Sentiment in UK CRE improving but more pain to come
UK 鈥� Average property yields in the UK fell by 15 basis points to 7.03% in August, the lowest level since November 2008, according to Cushman & Wakefield.
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Korean NPS to invest in central London prime
KOREA/UK 鈥� The National Pension Service of Korea (NPS), the fifth largest pension fund in the world, has awarded a mandate to UK-based Rockspring Property Investment Managers to invest in prime central London real estate.
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Crown Estate signs first green lease
UK 鈥� The Crown Estate has signed its first green lease for part of its 拢750m (鈧�860m) Regent Street regeneration programme in London.
