Retail 鈥� Page 119
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Mass PRIM issues request for core separate account manager
GLOBAL 鈥� Massachusetts Pension Reserves Investment Management (Mass PRIM) has issued a Request for Proposal for a core, separate account real estate manager.
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APG backs Pramerica debt strategy
EUROPE 鈥� APG Asset Management, the wholly-owned investment manager of the ABP pension fund, is one of a number of investors to have invested in a European real estate debt strategy run by Pramerica Real Estate Investors.
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Progress to reinvest direct capital in Dutch ING REIM funds
NETHERLANDS 鈥� Progress, the Unilever pension fund, has decided to invest in two Dutch real estate funds managed by ING Real Estate Investment Management following the disposal of its directly held domestic portfolio.
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Texas Teachers commits $800m to real estate investment
GLOBAL 鈥� The Teacher Retirement System of Texas has made more than $800m (鈧�650.5m) in real estate investment 鈥� a mixture of core, value-added and infrastructure strategies 鈥� in the last month.
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No risk of major crash in Chinese property market, says Henderson
GLOBAL 鈥� The Chinese real estate market may be surging, but it is at no risk of crashing and burning, according to Henderson Global Investors.
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Emerging markets to lead revival of luxury retail sector, says Colliers
GLOBAL 鈥� Rents in the luxury retail sector are set to increase in the near term after a two-year hiatus, according to Colliers International.
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Recovery boosts forecasts for Europe, US
GLOBAL 鈥� Economic recovery has upped the prospects for long-lease prime properties in cities such as London, New York, Paris and Hong Kong, according to ING Real Estate Investment Management.
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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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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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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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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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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).
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Tennessee Consolidated nears real estate commingled holdings
UNITED STATES - Tennessee Consolidated Retirement System is getting close to making new investments in two core open-ended commingled funds, in a bid to gain diversification into office and retail real estate.
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Spain tops the losses for IPD European returns
EUROPE 鈥� Spain experienced its second consecutive year of negative commercial real estate returns in 2009, while Germany and Switzerland remained relatively stable over the same 12-month period, according to Investment Property Databank (IPD).
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Unilever鈥檚 Progress nears end of direct real estate divestment
NETHERLANDS 鈥� CB Richard Ellis is in negotiations with an unnamed investor to exchange on the remaining assets of the domestic real estate portfolio of Progress, the Dutch pension fund of Unilever.
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Illinois State to boost real estate holdings by $300m
UNITED STATES - Illinois State Board of Investment has approved plans to invest $300m (鈧�223.1m) in real estate in 2010.
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BRIC-built recovery expected - JLL
GLOBAL 鈥� The BRIC countries will lead the global real estate market recovery as their economic expansion boosts occupier demand across all sectors and cross-border investment returns, according to Jones Lang LaSalle (JLL).
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APG and Corio to invest 鈧�1.3bn in European retail
EUROPE 鈥� Pension fund asset manager APG has agreed to help listed real estate company Corio raise enough capital to acquire more than 鈧�1.3bn worth of retail assets in Europe.
