Unlisted

Asian property funds must 'improve' transparency – ANREV
Annual Investment Intentions survey shows shift towards developed markets.

KanAm to convert fund after three-month freeze
Insufficient liquidity to meet single large redemption

French public pension fund ERAFP tenders two real estate mandates
€12bn pension fund targets French, European unlisted properties.

Former directors at Philips pension scheme found guilty of fraud
Will F and successor Rob L received bribes for divesting large blocks of property portfolio, court found.

Twice as many investors considering property debt in 2012, says INREV
Association says it could launch dedicated real estate debt fund index in future.

Capital raising 'biggest challenge' for real estate investors in 2012 – INREV
Investment Intentions Survey highlights divergence of priorities among investors, managers.

Unlisted property outperforms equities, but lags direct commercial
LTV ratios 'hanging in balance', and further drops may lead to ratios 'creeping up again'.

Indirex launches global unlisted real estate website

Dutch pension fund hands over property management to Syntrus Achmea
Company to help €130m ICK double real estate allocation from 5% to 10%.

Asian non-listed property prospers despite slow Japanese market
ANREV's index of region shows nearly 10% returns, despite double-digit declines in Japan.

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