Real Estate – Page 57
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NewsAPG joins group aiming to acquire ING industrial portfolio
GLOBAL – Algemene Pensioen Groep (APG) is one of a number major global investors – also believed to include Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC) – seeking to acquire a A$1.2bn (€846m) industrial portfolio from ING Real Estate Investment Management.
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News
Pacific Star Europe closes, Stürmer moves to Capital Dynamics
EUROPE – Pacific Star Europe, the start-up global fund of funds manager co-founded by the former head of real estate at E.ON Energie pension fund Matthias Stürmer, is to be dissolved.
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NewsDutch experts question effectiveness of property as inflation hedge
NETHERLANDS – At a meeting to celebrate the fifteenth anniversary of IVBN – the Dutch association on institutional property investors – experts yesterday called into question many pension funds' assumption that real estate investments help offset inflation.
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NewsCapital flows to US real estate set to double, says DTZ
GLOBAL – Global investment capital targeting US real estate is set to double in 2011 as the outlook for the market completes a dramatic improvement over the past 12 months, according to DTZ.
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NewsABP, PGGM invest Dutch telecommunications networks
NETHERLANDS – The €220bn Dutch civil service scheme ABP and PGGM, the asset manager for the €91bn healthcare scheme PFZW, have committed to large investments in telecommunications infrastructure in the Netherlands.
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NewsReal estate roundup: ATP, PensionDanmark
DENMARK – Denmark's largest pension fund ATP has made its first direct real estate acquisition in two years, acquiring a high-profile office block in central Copenhagen.
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NewsKorea's NPS boosts European real estate strategy by $400m
GLOBAL – The National Pension Service (NPS) of Korea has committed a further $400m (€306m) capital to Rockspring Property Investment Managers to invest in European real estate markets.
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NewsAllianz plans to double real estate portfolio to €30bn
GERMANY – Allianz Real Estate is aiming to sell €1bn in small and secondary assets in Germany within 18 months as part of its ongoing project to double its portfolio to €30bn.
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NewsDutch real estate survey highlights investor 'sophistication'
NETHERLANDS – The latest Investor Universe Netherlands survey shows the Dutch institutional real estate market is large, sophisticated and with considerable overseas exposure.
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NewsHermes Fund Managers appoints real estate head after two-year search
UK – Hermes Fund Managers has appointed Chris Taylor as chief executive of Hermes Real Estate Investment Management.
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NewsMalaysian pension fund allocates €1.2bn to UK property
GLOBAL – Malaysia's first-pillar pension scheme has allocated £1bn (€1.2bn) to UK real estate in expectation of a long-term annual yield of 6-7%.
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NewsUK tender roundup: Lincolnshire, Merseyside
UK – Lincolnshire County Council’s £1.1bn (€1.3bn) pension fund is tendering a five-year contract for the position of global custodian.
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NewsÅström, Otterud join forces to found Custor Capital
GLOBAL – Real estate fund-of-funds pioneers Anders Åström and Tomas Otterud have teamed up with former AP1 CIO Bo Ljunglöf to establish an independent investment firm targeting institutional investors.
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NewsBA Pensions teams up with Columbus on City office buy
UK – The British Airways Pension Fund has entered into a 50/50 joint venture with the Columbus UK Real Estate Fund to acquire London City office Austin Friars House for £25m (€30.6m).
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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).
