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There for the taking?
Financing real estate opportunities through debt investing can be seen as less risky than core real estate, providing refinancing negotiations can cut a good deal. Other investors are meanwhile rethinking their secondary market positions and performance measurement is under the spotlight. Read the latest edition of the magazine to find out more...

 

Latest News

 

Texas Teachers makes industrial acquisition
UNITED STATES - Teacher Retirement System of Texas has made one of the largest industrial acquisitions of the year by investing $410m (€292.8m) into TLF Logistics.

Hercules receives backing from pensions giant
CANADA/UK - The Canada Pension Plan Investment Board (CPPIB) has injected £100m (€118m) into the Hercules Unit Trust (HUT), a UK retail warehouse fund run by British Land and Schroders, which is in...

BT pension fund sells miner’s head office
UK – Hermes Real Estate has sold 20-24 Carlton House Terrace, the UK headquarters of Anglo American, for £66.5m (€78.3m) on behalf of the BT Pension Fund.

Danish doctors sell offices to Aberdeen
DENMARK – The Doctors’ Pension Fund in Denmark, Lægernes Pensionskasse (LP), has sold two fully-let offices in Copenhagen to Aberdeen Property Fund Denmark, but will be paid half of the €17.8m...

Pramerica creates high-yield debt platform
UNITED STATES - Pramerica Real Estate Investors has created a team as part of a move to put together a high-yield debt platform to conduct transactions on a global basis.

Henderson prepares for two-tier sustainability
UK – Henderson Global Investors is aiming to “future proof” its UK real estate assets against the emergence of a sustainability-led two-tier market, the fund manager announced today in its first...

RREEF weigh ups its options over America III
UNITED STATES – RREEF, the real estate investment division of Deutsche Bank, is now considering three different options to help it deal with some debt issues for its open-ended commingled fund, RREEF ...

Maine PERS selects ORG as real estate consultant
UNITED STATES - Maine Public Employees Retirement System has selected ORG Real Property as its first ever real estate consultant.

Tesco makes second property pledge to pension
UK – Tesco, the global supermarket chain, has signed another sale-and-leaseback deal with pension fund trustees, which will see the fund take a 50% stake in assets worth £458m.

Goodman loses Wilkinson to AEW Europe
EUROPE - Rob Wilkinson is leaving the Goodman Group to head up AEW Europe’s fund management and separate accounts business.

Progress continues on real estate sale
NETHERLANDS - Progress, the Dutch pension fund of food giant Unilever, has sold three housing complexes in Breda, Groningen and Nijmegen as it continues to divest its directly-held domestic real...

ZIA enters new era with new president
GERMANY – Andreas Mattner, executive board member at German developer ECE Projektmanagement, has replaced Eckart John von Freyend as president of the German Property Federation (ZIA).

Pension funds show interest in UK housing
UK – European pension funds who would not traditionally invest in UK rental housing may do so for the first time through an initiative to kick start investment in UK private residential property,...

Fresno County acts on concerns about value-added manager
UNITED STATES - Fresno County Employees Retirement Association has changed its mind about the appointment of a real estate manager to look after a $30m (€21.7m) allocation for a value-added...

Mass PRIM fires REIT manager
UNITED STATES - Massachusetts Pension Reserves Investment Management Board has terminated its separate account REIT manager relationship with Wellington Management in part on the back of poor...

Valuers advised to consider all transactional evidence
GLOBAL - Investors have been warned they should ensure firms delivering their valuations take all possible scenarios and evidence into consideration when valuing a property, as leaving certain...

UK residential may be on the up – index fund manager
A real estate investment house has claimed investing in UK residential housing “may have turned a corner”, although physical house price rises are still increasing at a very slow rate.

Sustainable investment boosted by UNEPFI toolkit
GLOBAL - A new toolkit to guide investors through the process of investing in property in a sustainable manner has been launched by the Property Working Group (PWG) of the United Nations Environment...

AEW boosts research function
EUROPE - AEW Europe, which has €17bn in assets under management, has boosted its research function with the appointment of José Luis Pellicer to head the research function in London

ATP trains its eye to 'club’ investments
DENMARK – ATP Real Estate still has €300m of outstanding equity to put into the non-listed real estate markets, but has moved its focus away from large commingled funds to club deals with like-minded ...