Real Estate News

Irish government to sever ties between NPRF, pre-funding liabilities
IRELAND – Equity, bond holding to be divested as government launches Ireland Strategic Investment Fund.

Axa RE to invest €10bn in infrastructure debt projects
GLOBAL – Company sets up new team to manage allocation, headed by Charles Dupont.

US roundup: Connecticut, USAA, Maine PERS, Almanac
NORTH AMERICA – Connecticut Retirement Plans mulls $100m commitment into USAA Eagle.

Asia-Pacific to account for half of global real estate market by 2031
ASIA – Market to balloon from $7trn to $45trn over next 20 years, APREA predicts.

Pension funds could play 'interesting role' in German real estate
GERMANY – Industry experts at Handelsblatt conference debate need for alternative financing.

LACERA earmarks $500m for real estate investment plan
NORTH AMERICA – Pension fund to divide capital among three different strategies.

US roundup: Teachers' Retirement of Illinois, LA City Employees
NORTH AMERICA – Illinois Teachers OKs two new real estate-related commitments worth $150m.

Tishman Speyer acquires Paris office building from Ivanhoe Cambridge
EUROPE – Company seeks to 'increase footprint' in major European cities.

ABP, PFZW criticise Dutch government's volte-face on infrastructure
NETHERLANDS – Finance Ministry changes inflation compensation policy for infrastructure projects.

Switzerland's Corestate creates German fund management subsidiary
EUROPE – Strategy includes acquisition of existing management companies for further growth.

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