Real Estate – Page 124
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Institutions get global real estate index
GLOBAL – A new global real estate index which favours institutional investors is to be launched next month by the European Public Real Estate Association (EPRA), the National Association of Real Estate Investment Trusts (NAREIT) and Euronext....
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Property markets count cost of NY terrorist attack
US SPECIAL – Direct losses to downtown Manhattan’s real estate market in the recent terrorist attack on New York could be as much as US$10bn (€11bn), claims Jones Lang Lasalle (JLL).
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Half of Europe's schemes hit by US tragedy
Almost 50% of European pensions funds say they have experienced a notable impact on their fund assets in the light of the terrorist attacks in the US last week and the subsequent fallout of global markets, according to a survey by IPE-Newsline...
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Lasalle bolsters European investment teams
FRANCE/GERMANY – Lasalle Investment Management has strengthened its European investment team with top-level appointments in its French and German offices....
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JP Morgan lands £4.2bn Prudential fund custody
UK – JP Morgan Investor Services Europe, Middle East and Africa (EMEA) has been appointed as global custodian to the £4.2bn (€6.7bn) Prudential Staff Pension Scheme (PSPS)....
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Roberts is new COO at Jones Lang Lasalle
UK/US – Jones Lang Lasalle (JLL) has appointed Peter Roberts as the company’s executive vice president and chief operating officer....
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ABP appoints Achmea director as CIO for equities
NETHERLANDS - Jan Straatman, the former director of asset management (CIO) at Achmea Global Investors has been appointed as chief investment officer for equities with ABP Investments in Amsterdam, the investment arm of the e150bn Dutch pension fund....
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Friends First Asset Management fuses with F&C
IRELAND – European asset management group F&C is to integrate the money management business of Irish financial group Friends First into its own operations, in a further bid to consolidate the investment management strands of its insurance firm parent Eureko, which bought F&C in May this year.....
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Rate cuts fail to ignite equity marts, says FTSE
Interest rate cuts from the world's central banks failed to bolster global equity markets in August, according to figures compiled by FTSE....
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ABP appoints US quant manager to large cap brief
NETHERLANDS – The e150bn Heerlen based ABP pension fund has appointed US equity quant manager Advanced Investment Technologies (AIT) to manage a large cap core equities portfolio....
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Royal Trust wins huge $33bn custody mandate
Royal Trust Global Securities Services (GSS) has been awarded a huge $33bn (e36bn) global custody mandate by the Caymen Islands based triple A-rated specialist finance company, Sigma Finance Corporation.....
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Property grows as volatility rocks equity marts
GLOBAL- Property continues to grow as an asset class as volatility continues to impact adversely on equity markets and low interest rates make real estate more attractive, according to new research by DTZ.....
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Montgomery Oppenheimer is Irish top performer
IRELAND – Irish employee benefits and investments firm, Coyle Hamilton, has published the results of its group pension managed funds survey for the second quarter of 2001 with Montgomery Oppenheimer taking top slot on a five-year basis - returning an annualised 20.6%....
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PGGM fires up debate on Dutch Z-score system
NETHERLANDS – PGGM, the Zeist based NLG110bn (e50bn) Dutch superfund has publicly criticised aspects of the country’s Z-score system that tests the performance of industry-wide pension schemes, claiming that at worst it could lead to the disappearance of industry plans in Holland within thirty years.....
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Aberdeen Celexa to operate in three European bases
UK / NETHERLANDS / SWEDEN – Aberdeen Celexa Property Investors (ACPI), with €10bn of real estate assets under management and Europe’s largest real estate administrators, is the new name for the joint activities of Celexa Real Estate Investment Management Group (Celexa) and Aberdeen Property Investors (API)...
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Aon to launch multi-manager funds for UK
UK – Aon Consulting is to launch a new investment management company later this year, Aon Asset Management, which is expected to have between £500m (€815m) and £1bn (€1.6) in assets under management...
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Aberdeen Celexa secures fourth pensions investor
UK – London based Aberdeen Celexa Property Investors has secured a fourth major pension fund investor in their £80m (€130m) UK residential partnership vehicle, Regent Residential Partnership (RRP).
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Insinger acquires United Trust
NETHERLANDS / UK – Amsterdam based international banking group, Insinger de Beaufort, is to acquire London based United Trust Group...
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Smith & Nephew awards £120m multi-manager mandate
UK – Smith & Nephew, the London based international medical device development and marketing firm, has appointed Frank Russell to manage through its multi-manager funds a £120m (€195m) portion of Smith & Nephew’s £220m UK pension fund
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Dutch schemes invest in high yield property fund
UK/EUROPE – The io group and Axa Real Estate Investment Managers have announced the first closing of the €550m European Industrial Partnership fund...