Real Estate – Page 105
-
News
Rabobank asset management profit falls 6%
NETHERLANDS – Rabobank says its asset management activities’ pre-tax operating profit fell six percent to 80 million euros in the first half of 2004.
-
News
CalPERS buys into German real estate
GERMANY – CalPERS, the largest US pension fund at 166.3 billion dollars (136.8 billion euros), has bought a commercial property in Frankfurt for 14 million dollars.
-
News
Former Varma CEO Pitkänen retires
FINLAND - Paavo Pitkänen, the former president and chief executive of Varma Mutual Pension Insurance Co., has retired from the company.
-
News
BOE says DB closures adding to property boom
UK – The Bank of England says the closure of defined benefit occupational pension schemes has added to the recent “upward pressure” on house prices in the UK.
-
Features
Citigroup throws down global real estate gauntlet
The new chief executive of Citigroup’s real estate arm has outlined its plans to create a “top tier” global real estate investment management business in an interview with IPE Real Estate. “Our mandate is to become a top tier global real estate investment manager and to create institutional-quality investment opportunities ...
-
Features
Dipping a toe into foreign waters
Finland may not be the first institutional market that springs to mind when you think of serious international allocations to real estate. Nonetheless, Helsinki-based mutual pensions insurance company Ilmarinen, one of the country’s largest institutions, is dipping a toe into overseas property investment to diversify a portfolio heavily skewed towards ...
