Real Estate news 鈥� Page 740
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CalPERS signs real estate exec
US 鈥� The California Public Employees鈥� Retirement System (CalPERS) has appointed James Lasher as senior portfolio manager of its real estate housing portfolio.
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Axa keeps on growing real estate
SCANDINAVIA 鈥� AXA Real Estate Investment Management (AXA REIM) has increased its retail investments and expanded its team in the Nordic and Baltic regions.
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Banks take over Spain鈥檚 real estate giant
SPAIN 鈥� Metrovacesa SA, Spain鈥檚 largest property firm, has handed over majority control of the company to six of its creditor banks in exchange for debt.
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Axa taps European housing opportunities
EUROPE 鈥� AXA Investment Managers鈥� German branch has launched a residential fund for institutional investors following their increased appetite for the sector.
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UK logistics traffic to hit a go-slow
UK 鈥� Demand for UK logistics could reach a record low this year and will remain subdued until at least 2010, according to Jones Lang LaSalle (JLL).
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IPD predicts further gloom for Ireland
IRELAND 鈥� Ireland鈥檚 real estate industry has tough times ahead and is unlikely to recover any time soon, according to analysts at the SCS/IPD Annual Results presentation in Dublin this week.
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NYSTRS ends REIT relationship with Citigroup
UNITED STATES - New York State Teachers Retirement System has ended an arrangement with Citigroup Alternative Investments as the REIT manager is pulling out of this space.
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Property investment slumped 鈧�335bn last year
GLOBAL - Global investment in commercial property plummeted 59% to $435bn (鈧�335bn) in 2008 and is likely to fall further in 2009, according to Cushman & Wakefield鈥檚 Investment Atlas 2009 analysis.
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ProLogis sells remainder of PEPF II
EUROPE 鈥� ProLogis European Properties (PEPR) has decided to sell its one-third stake in the ProLogis European Properties Fund (PEPF) II to further de-leverage the firm.
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British Land halves Meadowhall stake ahead of rights issue
UK 鈥� The British Land Company has exchanged contracts with London & Stamford Property to sell a 50% interest in the freehold of the Meadowhall Shopping Centre near Sheffield, but it is also raising additional funds through a 拢740m (鈧�819.49m) rights issue.
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Demands spark student accommodation drive
UK 鈥� Coral Portfolio and Strutt & Parker Real Estate Financial Services (SPREFS) are launching a student accommodation fund in response to strong market demand.
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Kl茅pierre rolls on with real estate sale
FRANCE 鈥� Kl茅pierre, the French real estate investment company, will continue its disposal programme to boost liquidity and expects positive growth in 2009, executives announced yesterday.
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French property market 'must adapt to survive'
FRANCE 鈥� Property experts have predicted the French real estate industry is set to deteriorate even further in 2009 as a result of the financial crisis and will have to adapt itself to investors鈥� demands in order to recover.
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Oregon PERF swaps one deal for four
UNITED STATES - Oregon Public Employees Retirement Fund has terminated a real estate investment trust (REIT) relationship with Cliffwood Properties LLC and signed deals with three other managers to diversify its risk.
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Six years of UK growth wiped out - IPD
UK - The entire capital growth made over the last six years in the UK commercial real estate market has been eroded in only 18 months, according to the IPD UK Quarterly Property Index Q4 2008 published this week.
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New Jersey changes strategy with commingled capital
UNITED STATES - New Jersey Division of Investment has decided to shift $250m (鈧�190.5m) worth of commitments planned for commingled funds into different investment opportunities on the back of market performance worries.
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Los Angeles City alters hotel booking
UNITED STATES - Los Angeles City Employees鈥� Retirement System has asked Integrated Capital to change the agreement it made concerning the Capital Hospitality fund so it can go ahead with investment plans.
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Arkansas searches property management
US 鈥� The $8.4bn Arkansas Teacher Retirement System (ATRS) it is looking to appoint a real estate manager to manage a $140m (鈧�107m) property portfolio.
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Central London property presents a challenge - JLL
UK 鈥� Investment levels across Central London fell by 66% last year and could lead to 鈥渙ne of the most challenging years on record鈥� for real estate take-up in the capital, according to Jones Lang LaSalle鈥檚 latest Central London report.
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Land Securities warns of tenancy pressures
UK 鈥� Land Securities is retaining a 鈥渃autious outlook鈥� of the property markets after registering an increase in empty properties within its portfolio, and fears property will continue on a downward spiral over the coming months.
