Real Estate – Page 58
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NewsAPG to increase weighting to Asian markets
GLOBAL – APG, which manages the assets of the largest Dutch pension fund ABP, said it plans to increase its Asian real estate exposure by €1bn within the next five years.
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NewsRockspring completes first continental deal for Korea's NPS
GLOBAL – The National Pension Service (NPS) of Korea, the fifth-largest pension fund in the world, has acquired a 51% stake in the O'Parinor Shopping Centre in Paris for €223m.
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NewsUSS in bid for UK high-speed rail link
UK – The £28bn (€33bn) Universities Superannuation Scheme (USS) has bid for ownership of the UK's only high-speed rail link, which links London to the Channel Tunnel.
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NewsLaSalle announces plans for German KAG
GERMANY – LaSalle Investment Management has announced plans to launch a capital investment fund (KAG) in Germany to better cater to institutional investors in the Germanic region.
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NewsUPDATED: ING relocation costs local authority brief
UK – The £1.3bn (€1.57bn) North Yorkshire County Council pension scheme plans to terminate ING Real Estate contract as fund manager relocates to the Netherlands.
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NewsLuxembourg Fund Partners to launch high-tech fund for CEE region
EUROPE – Luxembourg Fund Partners is set to launch a fund focusing on high-tech real estate in central and eastern Europe (CEE).
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NewsHenderson targets German retail with real estate fund
GERMANY – Henderson Global Investors is seeking to tap demand from German institutional investors for exposure to their domestic retail sector.
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UK Roundup: BT, Islington
UK – BT yesterday announced a £1bn (€1.1bn) reduction in the BT Pension Scheme’s (BTPS) deficit, while also indicating it would fight a recent decision by Ofcom barring it from increasing wholesale prices to close the shortfall.
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NewsReal estate transactions grow in Europe despite sovereign debt crisis
EUROPE – The growth in European real estate transactions continued to rise in the second quarter despite investor uncertainty over the sovereign debt crisis.
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NewsReal estate fundraising plummets to 2004 levels: Preqin
GLOBAL – Capital raised by private equity real estate fund managers has fallen to its lowest level since 2004, according to data providers Preqin.
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NewsEuropean institutional investors regaining appetite for risk
EUROPE – European transaction volumes in 2010 are expected to exceed those of last year following results from a survey that finds risk appetite has increased among institutional investors in the UK, Germany and France.
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NewsUK roundup: PPF, NILGOSC, Tesco, Finance Bill 2010
UK – The Pension Protection Fund (PPF) is seeking a number of alternative credit managers to take part in a framework agreement for the fund, while the Northern Ireland Local Government Officers Superannuation Committee (NILGOSC) is tendering for an investment adviser.
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CalPERS acquires 12.7% stake in London Gatwick Airport
GLOBAL – The California Public Employees' Retirement System (CalPERS) has acquired a 12.7% stake in London Gatwick Airport from Global Infrastructure Partners (GIP).
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NewsLPFA could start wave of investment in UK housing
UK – The £3.5bn (€4bn) London Pension Fund Authority (LPFA) could be the first in a number of UK pension funds investing in the residential real estate sector.
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State Street to administer Norway-Global's property exposure
NORWAY – Norges Bank Investment Management has hired State Street to provide fund administration services for the Norway Government Pension Fund's planned real estate allocation.
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Deutsche Post employs niche active managers for Pensionfonds
GERMANY – Deutsche Post’s recently established Pensionsfonds has employed active managers for its small-cap equities and commodities investments, but has so far shied away from alternative investments, according to group pensions director Benedikt Köster.
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UK roundup: Lincolnshire, Essex
UK – Lincolnshire County Council has instigated a major shift in the asset allocation of its pension fund as the planning to invest between 10-15% of its assets in a single portfolio of alternatives while Essex is looking to invest in infrastructure.
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European pension funds continue to shun equities
EUROPE - Pension funds across Europe are continuing to shy away from equity investments despite last year’s recovery of the global equity market.
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Norway-Global given top-line real estate guidelines
[15:40 CET 01-03] NORWAY - The Norwegian Ministry of Finance has today revealed the Government Pension Fund-Global will in future be invested in real estate as planned, albeit investments will be made over a long period of time, in a bid to reduce risk.
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Property bounce aides Belgian pension funds
BELGIUM – A study of 90 active pension funds by consultancy Mercer suggests Belgian pension funds returned a median of 18.5% on investments by the end of 2009, thanks to a rally in equities and real estate.
