Real Estate – Page 61
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News
Dutch institutions shun indirect real estate
[17:15 CEST 26-09] NETHERLANDS – Dutch institutional investments in indirect real estate declined by 17% last year in favour of a growth in direct real estate portfolios, a new report claims.
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Dutch fund seeks global non-listed real estate
[16:00 CEST 11-09] NETHERLANDS – A Dutch pension fund is looking for a global multi-manager to invest €250m in non-listed real estate funds, using IPE-Quest.
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NewsLehman Bros overhauls firm after $3.9bn loss
[16:55 CEST 10-09] GLOBAL – Investment banking giant Lehman Bros is separating its commercial real estate business as a new listed entity and selling a majority stake in its investment management division after yet more writedowns generated a third-quarter net loss of $3.9bn (€2.76bn).
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NewsAnti-fraud guidance unveiled on Dutch real estate
[13:30 CEST 10-09] NETHERLANDS – The Dutch Association of Institutional Property Investors (IVBN) has extended its earlier framework to prevent fraud in institutional real estate investment, as the second Dutch pension fund to be hit in the ‘bouwfraude’ case continues its internal probe.
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News
Sources confirm Tesco/USS real estate deal
[13:35 CEST 18-08] UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.
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News
US giant huddles up to London
[16:35 CEST 13-08] UK – Mark Wood, managing director of US pension fund giant TIAA-CREF’s global real estate business, has revealed the newly-launched London office is an attempt to “make sure we are as close to the market as we can be.”
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News
Operational change at €5.9bn German church fund
GERMANY – The €5.9bn German pension fund for church employees in Rhineland and Westphalia has announced it will restructure its investment operations, while pushing for more alternatives and diversity through indirect real estate.
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News
TIAA-CREF hunts real estate via London office
[16:00 CEST 12-08] US/UK – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second-largest retirement plan in the US with assets of $420bn (€281bn), has launched its first overseas office in London.
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NewsCost of fraud triples for Philips fund
[15:00 CEST 04-08] NETHERLANDS – The €13.4bn Dutch pension fund of electronics major Philips has executed several sequestrations in relation to its involvement in the recent property fraud, now estimated to have cost the fund €150m.
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News
PMA keeps cover ratio to 185%
[15:45 CEST 31-07] NETHERLANDS - The €1.1bn pension fund for pharmacies’ staff PMA has managed to maintain a cover ratio of approximately 185%, despite experiencing a 23 percentage point drop in the first half of 2008.
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News
Dutch institutions too relaxed in tackling fraud - FEC
[15:15 CEST 31-07] NETHERLANDS – Financial institutions and service providers do too little to tackle fraudulent real estate transactions in the Netherlands, an official analysis of criminal and supervisory investigations has found.
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News
LPFA commits to ING’s global real estate FoF
[16:10 CEST 30-07] UK - The London Pension Fund Authority has committed £150m (€190m) of capital to a new global property fund of funds (FoF) launched this week by ING Real Estate Select.
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News
ABP joint venture spends €2.7bn in shopping spree
[16:00 CEST 29-07] NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).
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News
Manchester seeks property agent
[16:30 CEST 03-07] UK – The £9.6bn (€12bn) Greater Manchester pension fund is seeking a new property management firm to manage part of its real estate portfolio.
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Berkshire to increase alternatives exposure
[16:30 CEST 30-06] UK – The £1.49bn (€1.88bn) Royal County of Berkshire Pension Fund has confirmed its intention to move into emerging market debt and infrastructure with the issue of two new manager tenders.
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FeaturesInfrastructure: a quick road to reward?
This report was researched and compiled by Christopher Hindle and Marie Verpilleux of Global Business Reports
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NewsNorway consults on ethical pension guidelines
[17:05 CEST 23-06] NORWAY – The Norwegian Ministry of Finance has issued a public consultation on the evaluation of ethical guidelines for the Government Pension Fund – Global, which highlights potential changes such as introducing a 'cut-off' point for active ownership discussions.
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NewsTeeside offers £1.75m direct property mandate
[15:45 CEST 06-06] UK – Middlesbrough Borough Council has issued a tender for a manager to take responsibility for the direct property portfolio of its local government pension scheme.
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News
APG reshuffles Asian real estate team
[16:50 CEST 03-06] NETHERLANDS – Dutch APG Investments, the wholly-owned division of ABP created to manage the assets and administration of the pension fund, has reshuffled its Asian real estate team.
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FeaturesDealing with inflation
IPE asked three pension funds – in Austria, Finland and the Netherlands – the same question: ‘How do you protect your investments from inflation?’ Here are their answers:
