North American investors 鈥� Page 196
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Canadian pension fund sells 12% stake in Australian toll road operator
Deal to give Canada Pension Plan Investment Board an estimated profit of AUD$900m.
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Resort owners sue Credit Suisse over 'false' property valuations
US developers join class action over loans branded as 'predatory' by bankruptcy judge.
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Grosvenor enters deal with CPPIB, seeks other joint ventures
Teams up with Canada Pension Plan Investment Board on project to invest in London offices.
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Brazilian property: A good time to sell 鈥� or buy
CalPERS claims still to be 'excited' by Brazil. But at least one economist is warning of a bubble.
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CalPERS property portfolio posts first gain since 2007
However, portfolio under performs benchmark by 10 percentage points due to losses on non-core.
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NY Pension Fund's real estate portfolio returns 26.7%
Performance of property portfolio beats all other asset classes in 2010-11 financial year.
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Magazine
Heat at the core
Investors are having to take on more risk and look deeper as competition for top properties intensifies. Stephanie Schwartz-Driver reports
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Magazine
Surprise performer
Forecasters remain optimistic about US property despite a sluggish backdrop, according to PREA鈥檚 latest Consensus Forecast, presented here by Greg MacKinnon
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Hermes joint venture to target mispriced US assets
Hermes Real Estate targets European pension schemes looking to access the US market.
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CalPERS, Hines earn 鈧�113m profit from close of Brazil property fund
Investment in Hines CalPERS Brazil Fund I generates 60% internal rate of return.
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Pension funds opt for real estate, remain cautious over infrastructure
Real estate remains most attractive alternative for pension schemes, accounting for 55% of assets.
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Property deal roundup: OMERS, Metric, USAA, Cambridge Development Group
GLOBAL - The Ontario Municipal Employees Retirement System (OMERS) has acquired a 50% stake in London’s MidCity Place from a US private equity firm. The price of the acquisition, made by the CAD53bn (鈧�37.9bn) pension fund’s Oxford Properties subsidiary, has not been disclosed. In a statement, ...
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Debt, regulation still challenging outlook for property, says IPF head
More cause for optimism than 2-3 years ago, but deleveraging remains a problem.
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Investors 'don't see a business case' for renewables
UK government must cut discount rate on green tech by 2-3% in next decade, says Oxera.
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Property deal roundup: USS, Hermes, Henderson, Carlyle, Invesco, Invista, USAA
GLOBAL - The UK’s 拢32bn (鈧�36.6bn) Universities Superannuation Scheme (USS) has acquired two City office assets from Land Securities for 拢48.5m (鈧�54.7m). One of the assets, at 110 Cannon Street, in May began a major refurbishment scheduled for completion in March 2012. USS will retain the contractor brought in ...
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Pension funds seeking US commercial property deals, says PwC
Rental rates remain below peak levels, and investors believe rental rates have stabilised.
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Pension schemes acquire Canadian timber giant
BCIMC, Public Sector Pension Investment Board pay 鈧�900m for Canada's largest timber company.
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Infrastructure investment poll shows preference for mature markets
Investors target developed market opportunities to avoid political, operational risk.
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Real estate returns 29% for Dutch chemical scheme DSM
Annual report reveals returns of close to 40% on US property, with EM equity yielding 27%.
