Real Estate news 鈥� Page 754
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CalSTRS and Waterson seek apartment viewings
UNITED STATES - California State Teachers Retirement System and Waterton Associates have created a new apartment investment fund, to tap into what they anticipate will be a shift in the sector.
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Illinois Teachers allocates office space
UNITED STATES - Teacher Retirement System of the State of Illinois has approved two real estate investments totaling $187.5m (鈧�127.4m) which contribute to the acquisition of office space.
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Philips scheme dismantles real estate portfolio
NETHERLANDS 鈥� The besieged 鈧�14.6bn pension scheme of Dutch electronics major Philips has sold around 15% of its real estate holdings to Dutch real estate investment fund Vesteda.
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CalSTRS and ING Clarion set up value-added JV
UNITED STATES - California State Teachers Retirement System and ING Clarion Partners have created a value-added investment joint venture called INGCal Tactical.
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US pensions scrutinise apartments
UNITED STATES - Pension funds in the United States are going to be taking a closer look at placing some capital into apartments as officials believe there will be stronger renter demand for apartments in the near-term.
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Harrison Street pairs up for medical offices
UNITED STATES - Harrison Street Real Estate Capital has formed a joint venture with Montecito Medical Investment Company to buy ownership of medical office buildings.
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CalWest assets reduce to $473m
UNITED STATES - California Public Employees Retirement System (CalPERS) and RREEF are working together at present to manage the real estate assets on the CalWest Industrial Investors LLC, but assets are now substantially lower following an earlier sale of properties.
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ABP advised to sell Corio
NETHERLANDS - Dutch pension fund ABP should sell its 37% share in Corio to one of the developers circling the Dutch real estate firm, according to sector analysts.
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Pension fund JV acquires 鈧�200m office
GERMANY - A three-way German office partnership involving ABP and ATP Ejendomme, the real estate subsidiary of the 鈧�49.6bn Danish pension scheme, has invested almost a third of its target capital with the 鈧�200m acquisition of two nationwide portfolios.
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MacFarlane raises $1bn for urban investment
UNITED STATES - MacFarlane Partners has raised $1bn (鈧�683.6m) for Urban Real Estate Fund II, making this one of the largest urban commingled funds ever to be created in the United States.
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Duopoly to define logistics fund market
EUROPE - The European logistics market will diverge into 鈥榖lockbuster鈥� and 鈥榥iche鈥� funds, with specialist nous and tenant relationships determining asset managers鈥� survival in a shaken-out market, claims Peter Davies, fund director of the Goodman European Logistics Fund (GELF).
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CEE pricing 'still a concern'
EUROPE - Central and Eastern Europe is still too overpriced to be worth investing in, despite greater differentiation between prime and secondary real estate pricing, according to Scottish Widows Investment Partnership鈥檚 head of property Malcolm Naish.
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Corio to divest office and industrial portfolios
NETHERLANDS - The 鈧�6bn property investment and management company Corio has decided to go ahead with divesting the major part of its offices and industrial portfolios, and to further focus on its retail activities.
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Washington State ups real estate allocation
UNITED STATES - Washington State Investment Board has decided to boost its real estate allocation from 12% to 13%.
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Texas Teachers invest in land banking
UNITED STATES - Teacher Retirement System of Texas has approved a commitment of $150m ($101.4m euros) into the Stratford Land Fund III commingled fund, as there is now less appetite for building physical developments.
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Apartments hit most by market shift 鈥� Pramerica
UNITED STATES - Pramerica Real Estate Investors is predicting the apartment market will be the most affected of all major property types by the recent changes in the residential housing and credit markets.
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Lehman Brothers creates retail JV in Italy
UNITED STATES - Lehman Brothers Real Estate Partners has formed a new joint venture with B Consulting for the development of new retail properties in Italy.
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Sainsbury JV to unlock property value
UK - UK supermarket giant Sainsbury鈥檚 has entered into a joint venture with property firm Land Securities, aimed at active management of its property portfolio.
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CalPERS commits $250m to int'l opportunity
UNITED STATES - California Public Employees Retirement System has approved a $250m (鈧�171.1m) commitment into the Rockpoint Real Estate Fund III which is currently only holding investments in Japan.
