Real Estate – Page 87
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Features
Euronext listing
Patron Capital Partners is listing its E483m French property portfolio “Vectrane” as a French REIT (an SIIC) on Euronext in the first quarter of 2006. The SIIC will be used a tax-efficient vehicle to accumulate long term, stable assets in the French market. Patron acquired the portfolio last June. It ...
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Features
Retail therapy for funds
Many of the major US pension funds are investing in retail properties through a single-account manager. One of these is the California Public Employees Retirement System (CalPERS). The pension fund has an interest in a wide variety of assets. These include everything from regional malls to grocery-anchored shopping centres. One ...
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News
Allianz’s DEGI cuts German real estate holdings
GERMANY – Real estate fund provider DEGI plans to cut the German holdings of its core German fund, after the fund was hit by €271.5m in net outflows in the first 11 months of this year.
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News
Thomas named president of Morgan Stanley IM
GLOBAL – Owen Thomas has been named as president of Morgan Stanley Investment Management, taking over a role vacated by Mitchell Merin in September.
