Direct

Teesside pension fund hires CBRE to manage real estate portfolio increase
CBRE to manage expansion of £107m direct portfolio as part of three-year plan.

US real estate stands to benefit under euro-zone break-up – DTZ
European and Asian rents to suffer as investors contemplate downside scenario

Investors 'underestimate' difficulty of real estate investment – Partners Group
Non-prime, property debt and secondaries offer better value than core, says manager.

Pension funds back $900m Jamestown open-ended fund launch
Company's open-ended Premier Property Fund attracts US, Australian schemes.

News analysis: Will upstart pension funds make fund managers extinct?
Will joint ventures by sovereign wealth investors, larger pension schemes relegate funds to the past?

European sovereign crisis puts UK debt refinancing at risk
Report by De Montford University says crisis making debt refiancing problem "more accute".

New lenders 'will not plug debt gap' after withdrawal of banks
Shortfall comes despite insurance companies now being responsible for 14% of lending, says INREV.

PGGM, BAM transfer first PPP projects into joint venture
Transfer represents first of 12 existing PPP projects from BAM PPP's European portfolio.

German roundup: iii-Investments, Invesco Real Estate, Kommalpha
Banks remain willing to fund investments in "solid" core markets despite crisis, says Invesco report.

NAPF backs UK government infrastructure plan as CIC signals interest
Chinese sovereign wealth fund expresses interest in expansion into western infrastructure.

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