Real Estate – Page 124
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VKG awards property assets to Lend Lease
BELGIUM – The e550m Brussels-based VKG/CPM pension fund is to hire Australian property group Lend Lease Houlihan Rovers (LHR) to an e45m property mandate split between Europe and the US....
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Towers poaches two from rival William M.Mercer
UK – Benefits consultancy firm, Towers Perrin, has poached two business development consultants, Martin Good and Jason Kenny, from rival consultants William M. Mercer....
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NLG25bn Dutch PMI fund in huge asset transfer
NETHERLANDS – The NLG25bn (e11.3bn) Dutch metal and engineering workers’ pension fund, Bedrijfspensioenfonds voor de Metaalindustrie (PMI), has transferred around NLG17.5bn in assets to Eureko-owned fund manager F&C in London and is seeking two new US index managers to manage approximately NLG4bn in assets....
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Lasalle launches e500m European property fund
EUROPE – Lasalle Investment Management (LIM)has launched its new €500m Euro Growth II fund, a real estate investment fund to be invested in properties across Western Europe....
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State Street hires new head of investor relations
State Street Corporation has appointed S. Kelley MacDonald senior vice president and head of investor relations....
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Pension fund property exposure up in Q2
UK – Insurance companies and pension funds increased their exposure to commercial property in the second quarter of this year, according to DTZ Research reporting on data published by National Statistics (NS), the UK’s official government statistical research body....
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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.....
