Real Estate – Page 58
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News
Liechtenstein Sozialfonds to enhance risk taking
[14:20 CEST 21-07] LIECHTENSTEIN – The largest pensionskasse in the small principality of Liechtenstein, the ‘Sozialfonds’, says it is strong enough to take on longevity and other demographic risks itself.
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Islington tenders UK and global property
[16:30 CEST 15-07] UK – Islington Council is seeking one or more managers to run new active UK and global property mandates with a combined value of £100m (€117m).
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NewsReal estate dominates in alternative assets
[17:00 CEST 06-07] GLOBAL – Real estate investments still make up over half of the alternative assets managed by external managers on behalf of pension funds, and despite the economic downturn, suggests a study conducted by Watson Wyatt.
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NewsPGGM to pursue ESG terms for real estate
[15:30 CEST 03-07] NETHERLANDS – PGGM Investments, the Dutch pensions asset manager, will in future scrutinise all real estate investments under environmental, social and governance (ESG) terms as part of its strategy to encourage all companies to abide by responsible investment principles.
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UK seeks pension fund investment in housing
[14:00 CEST 01-05] UK - Plans to encourage pension funds to invest in private rented housing have been announced by the UK government’s Housing and Communities Agency (HCA).
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APG makes sustainability call to pension funds
[14:30 CEST 28-04] EUROPE - APG Investments, the wholly-owned asset manager of the ABP pension fund, is planning to launch a global real estate sustainability survey with the University of Maastricht.
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PMA recovery to alter asset allocation
[16:40 CEST 20-04] NETHERLANDS - The €889m pension fund for pharmacies’ staff PMA expects to recover from its reserve shortfall within 15 years by adjusting its yearly indexation and changing its asset allocation strategy.
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Property and infra to see investment resurgence - study
[16:30 CEST 20-04] GLOBAL – A study of pension funds and institutional investors suggests funds will increase their listed and private equity holdings this year, but the asset classes of most interest for future years are likely to be property, infrastructure and hedge funds of funds.
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AP3 completes venture into public real estate
[16:15 CEST 16-04] SWEDEN – Tredje AP-fonden (AP3), the Third Swedish National Pension Fund, has completed the purchase of a 50% stake in Hemsö, a subsidiary of the real estate firm Kungsleden AB.
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Norway-Global rules out high-yield bonds
[17:00 CEST 06-04] NORWAY – The Government Pension Fund – Global has ruled out extending into high-yield and emerging market bonds, and has also warned it is unlikely to reach its 5% allocation to real estate for "several years".
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Kesko signs leaseback deal with pension fund
[16:40 CEST 03-04] FINLAND – The Kesko Pension Fund has bought four retail properties for €50m in a sale and leaseback deal with Finnish trading company Kesko Group.
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Swiss pension fund eyes real estate
[16:25 CEST 03-04] IPE-QUEST – A Swiss corporate pension fund is looking for a manager with experience of investing in the real estate markets to take care of a $70m (€52m) pan-European real estate fund-of-funds mandate, using IPE-Quest.
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Publica returns -6.86%
[17:05 CET 03-03] SWITZERLAND – The CHF30bn (€20.3bn) public service pension fund Publica saw its funding level drop by over 10 percentage points to 95.8% over the last year.
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Hedge funds and private equity win in diversity push
[16:30 CET 24-02] UK – Pensions funds chose to further diversify their asset allocation strategies last year by investing more of their assets in direct hedge funds and direct private equity while reducing the search for real estate managers, suggests a review of Watson Wyatt’s manager selections.
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Government action sought on infrastructure investing
[16:50 CET 23-02] GLOBAL – Pension funds are becoming increasingly attracted to investing in infrastructure but governments should do more to encourage them, according to the latest report published by the Organisation for Economic Co-operation and Development (OECD).
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Local government pensions consider investing in schools
[15:45 CET 23-02] UK – UK local authority pension funds officials have been in discussions with a quasi-government body about the prospect of investing in the building of UK schools through private finance initiatives (PFIs).
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Expert demands state hand-outs for Pensionskassen
[16:05 CET 18-02] AUSTRIA – Austrian pension expert Johannes Rudda would like to see the federal state put money into Pensionskassen with employers being another possible source for financial aid.
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Danish Engineers sell €65m portfolio to Aberdeen
[16:30 CET 05-02] DENMARK – DIP, the DKK24bn (€3.22bn) pension fund for Danish engineers, has sold a €65m commercial property portfolio to Aberdeen Property Investors and taken a stake in its Danish fund as part of a shift in its investment strategy.
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FeaturesEdgy on equities but eager for infrastructure
In many areas Norway has carved out its own distinct path. Kjetil Houg, finance director at Oslo Pensjonsforsikring, tells Nina Röhrbein how this has helped the country’s largest local authority pension scheme to navigate the market crisis
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Progress to sell property for unlisted strategy (UPDATED)
[16:15 CET 17-01 NETHERLANDS - The Dutch pension fund of food giant Unilever, will sell its entire Dutch direct property portfolio and switch its real estate investment strategy to unlisted international real estate funds.
