Retail – Page 109
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News
CPPIB, Future Fund recapitalise Australian shopping centre fund
GLOBAL – Canada Pension Plan Investment Board (CPPIB) and Australia's Future Fund have helped recapitalise a flagship Australia shopping centre fund by agreeing to invest A$750m (€524m) between them.
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News
Nebraska puts $63m into core commingled funds
GLOBAL – The Nebraska Investment Council (NIC) has approved $63m (€49.6m) worth of real estate commitments into core open-ended commingled funds.
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News
Rockspring completes first continental deal for Korea's NPS
GLOBAL – The National Pension Service (NPS) of Korea, the fifth-largest pension fund in the world, has acquired a 51% stake in the O'Parinor Shopping Centre in Paris for €223m.
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News
Pension schemes shifting toward city centres, says Cushman & Wakefield
EUROPE – European pension schemes are diverting their retail exposure away from shopping centres toward city-centre high streets in search of higher yields generated by active management.
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AFIAA shuns London for Scottish investment
UK – AFIAA, the global property investor owned by 18 Swiss pension funds, has made its second acquisition in the UK, having bought a new mixed-use development in Edinburgh.
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News
Union Investment sells prime UK office building after 12 months
UK – Union Investment has sold a prime London City office building to Hammerson and the Canada Pension Plan Investment Board (CPPIB) after buying it only 12 months ago, netting more than £34m (€41m) in capital appreciation in the process.
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News
Oklahoma Teachers to invest $425m in core strategy
GLOBAL – The Teacher Retirement System of Oklahoma is planning to invest $425m (€324.1m) into a core, open-ended commingled fund strategy.
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Magazine
Open for business
The big sell-off has not happened, yet good opportunities are emerging for a more focused group of investors, says Lynn Strongin Dodds
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Magazine
Viewpoint: On the upswing
So far, 2010 has been positive for the global hotel real estate market. Hotel operating fundamentals have posted generally favourable results since the start of the year*, with hotel demand increasing and average daily rates showing signs of stabilisatiing in most gateway cities. Having completed extensive cost containment measures, major ...
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News
Henderson targets local interest with German retail fund
GERMANY – Henderson Global Investors is seeking to tap demand from German institutional investors for exposure to their domestic retail sector.
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News
European occupancy markets dragged down by austerity measures
GLOBAL – While occupier demand is rising in the majority of countries across the globe, austerity measures to reduce fiscal deficits are causing a drag on euro-zone and UK real estate markets, according to the latest global report from the Royal Institute of Chartered Surveyors (RICS).
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News
Valad takes over management of €480m Swedish portfolio
SWEDEN – Valad Europe, the pan-European, multi-let real estate investment management business of Valad Property Group, has been appointed to take over the investment management of a €480m property portfolio in Sweden.
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Shopping centre fund opens doors to £1bn CMBS restructure
UK – One of the biggest restructurings of commercial mortgage-backed securities (CMBS) since the start of the financial crisis has been given the go-ahead for a leading UK shopping centre fund.
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News
Warburg-Henderson launches follow-up Austrian fund
AUSTRIA – Warburg-Henderson, the German business of Henderson Global Investors, is seeking to raise capital from German, Austrian and Swiss institutional investors for its second Austria-focused real estate fund.
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News
Denmark's AP Pension targets UK through Rockspring
EUROPE – Denmark's AP Pension has invested in Rockspring Property Investment Managers' new UK real estate fund.
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News
Mass PRIM issues request for core separate account manager
GLOBAL – 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 – 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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News
Progress to reinvest direct capital in Dutch ING REIM funds
NETHERLANDS – 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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News
Texas Teachers commits $800m to real estate investment
GLOBAL – The Teacher Retirement System of Texas has made more than $800m (€650.5m) in real estate investment – a mixture of core, value-added and infrastructure strategies – in the last month.
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News
No risk of major crash in Chinese property market, says Henderson
GLOBAL – The Chinese real estate market may be surging, but it is at no risk of crashing and burning, according to Henderson Global Investors.