Real Estate news 鈥� Page 742
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MPL taps buy-to-let repossessions
UK 鈥� Managing Partners Limited's British Property Opportunities Fund is expecting to return over 10% in its first year by snapping up bargain repossessed UK properties from banks at 30%-discounted prices.
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UK commercial sees investment halve
UK 鈥� Jones Lang LaSalle has predicted direct investment in UK commercial real estate will have dropped by approximately 55% year-on-year by the end of 2008, to stand at around 拢21bn (鈧�24bn).
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Surveyors predict further 25% UK drop
UK 鈥� Commercial property capital values are predicted to fall a further 25% over the next two years, according to the latest forecast issued by the Royal Institution of Chartered Surveyors (RICS).
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OMERS makes strategic move to private equity
CANADA 鈥� The Ontario Municipal Employees Retirement System (OMERS) has launched a new investment entity which will invest in private companies focused on real estate development, airports and energy.
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Demand for logistics creates investment potential
EUROPE 鈥� Jones Lang LaSalle has identified Europe鈥檚 seaports as logistics hotspots for growth on the back of a significant increase in demand.
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CalSTRS awards capital to existing managers
UNITED STATES - California State Teachers Retirement System has bucked the trend and issued new capital to real estate managers, to could be used for potential investment in 2009.
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Diebold鈥檚 pension moves into real estate
UNITED STATES - Diebold Corporation鈥檚 $450m (鈧�356.5m) defined benefit pension fund has made its first move into real estate investment and made a $10m commitment to JP Morgan鈥檚 open-ended Strategic property fund.
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UK REITs could turn market liquidity - Deloitte
UK 鈥� UK residential Real Estate Investment Trusts (REITs) will be attractive propositions for institutional investors and could help bring liquidity into the market, according to experts attending an IPD pre-conference meeting in Brighton yesterday.
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Negative rental growth now global
GLOBAL 鈥� Rental growth has turned negative on a global scale and the downturn in emerging markets is accelerating, the Royal Institute of Chartered Surveyors (RICS) finds in its latest quarterly global report.
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UK sets new record for fall in capital values
UK 鈥� UK commercial property capital values fell by record levels last month, according to Investment Property Databank (IPD).
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UK will start to recover in 2010 鈥� Schroders
UK 鈥� The UK commercial real estate market will not stabilise until the latter part of 2009 but should begin to recover in 2010 according to Schroder Property.
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Europe to produce 鈥榓cceptable鈥� returns in the medium-term
EUROPE 鈥� Investors can generate 鈥渁cceptable or attractive鈥� returns from most of the European markets over the medium-term, according to a report by Invesco Real Estate.
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Orion ready for European bargains
Europe 鈥� Orion Capital Managers has raised 鈧�900m of capital for its latest opportunistic property fund which will aim to buy bargain real estate across Europe.
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CalPERS鈥檚 housing values plummet
UNITED STATES 鈥� The California Public Employees鈥� Retirement System (CalPERS) announced yesterday a 35% decline in the market value of its residential real estate portfolio.
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Prologis loses chief and halts new developments
GLOBAL 鈥� ProLogis, the world鈥檚 largest logistics developer, has announced the resignation of chief executive officer Jeffrey Schwartz at a time when the company is halting further developments.
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Land Securities abandons demerger plans
UK 鈥� Land Securities announced yesterday in its half-yearly annual results that 鈥渁dverse market conditions鈥� have forced the firm to abandon its demerger plans in order to protect shareholders鈥� interests.
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LaSalle launches UK opportunity fund
UK 鈥� LaSalle Investment Management is raising a 拢400m (鈧�487m) opportunity fund to take advantage of declining property values and potential distress in the UK real estate market.
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NYSTRS invests in warehousing and debt
UNITED STATES 鈥� New York State Teachers鈥� Retirement System (NYSTRS) has added to its real estate portfolio by investing in an industrial commingled fund and by making several investments in debt real estate.
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Crisis of confidence for UK property
UK 鈥� Confidence has collapsed across the UK real estate sector according to Smith & Williamson鈥檚 latest annual survey.
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Opportunistic funds continue to attract capital 鈥� Clerestory
GLOBAL 鈥� Capital continues to be raised globally for opportunistic real estate funds, albeit at a slower pace, despite the credit crunch and falling economic growth, according to research from Clerestory Capital Partners.
