Capital Raising News 鈥� Page 186
-
News
Texan pension funds kickstart shift back into real estate
UNITED STATES - Texas Permanent School Fund is hoping to become a major player in real estate over the next four years and invest up $1bn (鈧�686.7m), just as local rival Teacher Retirement System of Texas has appointed LaSalle Investment Management to run a special real estate vehicle specialising in ...
-
News
SBZ completes investment outsourcing in tough market
NETHERLANDS 鈥� SBZ, the 鈧�2.3bn pension fund for health insurance employees, has completed the final stage of its outsourcing to Russell Investments and moved its indirect real estate holding to the asset manager, following a sale of its direct domestic holdings.
-
News
CalSTRS in European move
UNITED STATES - California State Teachers Retirement System (CalSTRS) has made one new real estate investment and transferred one existing asset to a different manager during the second quarter of 2009.
-
News
UK PFs in healthcare gain
UK 鈥� Several UK pension funds have gained exposure to a specialist real estate fund through the secondary market.
-
News
APG urges PEPR to improve governance (updated)
NETHERLANDS 鈥� APG, the asset manager of ABP pension fund, has called on fellow shareholders in Prologis European Properties (PEPR) to block the company from raising new equity unless they are given the option to replace PEPR鈥檚 manager.
-
News
Ohio Police and Fire to allocate $260m over next several years
UNITED STATES- Ohio Police and Fire Pension Fund is to invest $260m (鈧�183m) in real estate over the next three years, with $50m of that amount to be invested between now and the end of 2009.
-
News
Texas Employees plans major push to private real estate
UNITED STATES 鈥� The Employees Retirement System of Texas is preparing to make commitments to private real estate totalling $2.1bn (鈧�1.5bn) over the next five years with almost half coming in 2010 and 2011.
-
News
88% of pension funds very concerned about LTV issues
EUROPE 鈥� Most European institutional investors are worried that the non-listed real estate funds they are invested in are likely to breach loan covenants, according to a study by the European Association for Investors in Non-listed Real Estate Vehicles (INREV).
-
News
Real estate equities bear market over 鈥� Cohen & Steers
GLOBAL - 鈥淚n contrast to the direct property market it is our strong view that real estate stocks have made their lows for this cycle and that the REIT bear market ended in March this year,鈥� said Cohen and Steers co-chair and co-CEO Robert Steers.
-
News
Camden to consider real estate increase
UK 鈥� The London Borough of Camden is considering the next stage of the restructure of its pension fund investment portfolio including a potential increase in property.
-
News
ABFPT purchases retail park
UK 鈥� Wilky Fund Management has purchased Brook Retail Park in Clacton-on-Sea on behalf of the Associated British Foods Pension Trustees (ABFPT) for 拢11.5m (鈧�13.2m).
-
News
VER to increase RE allocation; targets UK
FINLAND - Valtion El盲kerahasto (VER), the State Pension Fund of Finland, is working to make its first commitment to a dedicated UK real estate fund as it looks to increase its overall property exposure.
-
News
Illinois Teachers allocates money to cover debt issues
UNITED STATES - The Teachers Retirement System of the State of Illinois has become one of the first pension funds in the United States to allocate funds to a separate account manager to cover possible debt issues.
-
News
Finnish pensions land airlines among property
FINLAND 鈥� Nordea Life Assurance Finland, Varma Mutual Pension Insurance and Valtion El盲kerahasto (VER) , the Finnish State Pension Fund, have invested in four airport properties in Finland through their NV Property Fund joint venture.
-
News
CalSTRS eyes increase to real estate allocation
UNITED STATES - California State Teachers Retirement System is thinking of approving a new long-term allocation to real estate.
-
News
Rockpoint checks in for US hotel purchase
UNITED STATES - The Rockpoint Group has completed its first acquisition in the United States in 18 months, with the $10m (鈧�6.93m) deal to purchase the 434-room Newton Marriott Hotel in Massachusetts.
-
News
III-Investments goes green on real estate
GERMANY 鈥� HypoVereinsbank subsidiary III-Investments has launched the first real estate spezialfond to invest exclusively in 鈥榞reen鈥� real estate assets.
-
News
New Mexico moves into private real estate
UNITED STATES - New Mexico Educational Retirement Board is currently transiting out of public REITs and reinvesting the capital via a private real estate strategy.
-
News
Sacramento County to hold onto AEW fund
UNITED STATES - Sacramento County Employees Retirement System has extended the investment period for its AEW Value Investors II holding.
-
News
US pension giants lose big on real estate
EUROPE 鈥� Many of Europe鈥檚 cross-border investors returned to the real estate market in the second quarter, replacing domestic investors as the most dominant active group.
