Real Estate News

Brussels to unveil proposals on pillars 2,3 of revised IORP in autumn
EUROPE – Commissioner cites 'broad consensus' on issues of governance, reporting.

Real estate still 'clunky, poorly integrated', says Towers Watson
GLOBAL – Investors are keen on asset class but still have concerns about transparency, costs.

Mandate roundup: Greater Manchester, West Yorkshire, IPE-Quest
GLOBAL – UK local authority funds seek manager for newly launched infrastructure fund.

German experts demand real estate be allowed in pension pooling vehicle
GERMANY – New AIFMD-compliant vehicle should offer 'maximum flexibility', argue experts.

US roundup: Seattle City Employees, AEW, Heitman, LA Fire and Police
NORTH AMERICA – Seattle City Employees appoints AEW, Heitman as core, open-ended managers.

Texas Employees to invest $495m in real estate
NORTH AMERICA – Pension fund to invest $150m this year and balance in 2014.

Brussels postpones introduction of pillar one for revised IORP
EUROPE – Solvency rules should be an 'improvement for pensions sector, rather than punishment'.

Real estate capital charges under Solvency II 'unjustified'
EUROPE – Bishopsfield says legislation threatens recovery of real estate market.

Denmark's PFA sets aside €1bn-2bn for real estate investment
DENMARK – Pension scheme to direct most of funds towards 'international opportunities'.

New Jersey sets aside €275m for European real estate investment
NORTH AMERICA – Pension fund looks to increase 6.6% allocation to Europe.

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