Real Estate – Page 66
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Features
Retail therapy
The UK goes into Europe; other Europeans move to Asia; everyone goes shopping
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Features
Location, location, location
Given widely varying market fundamentals, investors in outperforming US office must choose their city carefully. Stephanie Schwartz-Driver reports
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Features
A close second
Secondary cities such as Munich are mopping up the excess of investor cash as prices rise in mainstream European capitals. However, there is little to bind them together as an asset sub-class, Shayla Walmsley finds
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Features
Confidence and commitment
Information gathering and setting out clear terms and conditions from the beginning will help maintain a successful partnership with a fund manager, Shayla Walmsley reports
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News
LPFA scouts global property manager
UK - The £3.6bn (€5.3bn) London Pensions Fund Authority (LPFA) is looking for an external investment manager to expand its £150m real estate portfolio outside the UK.
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News
CSAM UK property team defects to Aberdeen (updated)
UK – Glenn Newson, former head of UK property at Credit Suisse Asset Management (CSAM), has defected to Aberdeen Property Investors. He has taken his six-person team with him. (updates with comments from Credit Suisse)
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News
CalPERS narrows search for CalWest buyers
REAL ESTATE – The $230bn (€175bn) California Public Employees Retirement System (CalPERS) has narrowed the list of candidates to buy the CalWest industrial portfolio.
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News
Norwegian fund seeks real estate tax advice
NORWAY – The Norwegian finance ministry has issued a tender for a company to draft a report on tax issues relating to investments in real estate and infrastructure in 32 markets outside Norway.
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News
IPE-QUEST: Dutch fund seeks property manager
NETHERLANDS – An industrywide Dutch pension fund is looking for a manager for a €75m active pan-Europe core real estate portfolio using IPE-QUEST (QN727).
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News
ABP, Keva in property private equity move
REAL ESTATE – Finnish local government pension fund Keva and ABP, Europe’s largest pension fund, were among eight initial investors in a pan-European real estate private equity fund launched last week by Spanish property group Neinver.
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News
Standard Life poaches Aareal man
EUROPE – Aareal Asset Management’s director of institutional business in the Netherlands, Harry Humble, has left the firm to join Standard Life Investments just three months after Aareal was acquired by Schroders.
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News
ATP in search for chief risk officer
DENMARK – The country’s largest pension scheme, the €49.8bn ATP, is still looking for a chief risk officer following Henrik Olejasz Larsen’s move to Sampension.
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Features
Progress or straitjacket?
In creating new definitions for an increasingly sophisticated property market, are we creating a rod for our own backs? David Skinner investigates
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Features
The perfect match?
In today’s high pressured world LDI is seen by many pension funds as a cure for the ills of declining and unpredictable returns. But can the LDI formula work with real estate? Julia Felce and Neil Turner investigate
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Features
Keeping up the pace
Founded in 1979, the Pension Real Estate Association (PREA) has over 1,800 members, representing over 470 member firms across the US, Canada, Europe and Asia. Members include pension funds, property and investment managers and REITs. Its stated mission is to “serve and educate” its members and to act as a “steward for the industry”. PREA’s CEO, Gail Haynes, explains her view of the institutional market to Martin Hurst
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Features
Highway to heaven?
Motorway service stations offer a secure income stream but are at present being met with no more than cautious interest from investors. Lynn Strongin Dodds finds out why
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Features
Getting into position
Flexibility is a key benefit of real estate securities and alpha is available, but beware the alternative market, Simon Martin reports
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Features
Finding the right pitch
The value of the EU REIT is clear, but is the project achievable? It is, but progress at a national level is essential, Per-Åke Eriksson argues
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Special Report
Building a green consensus
CalPERS pushed it with the weight of cash; regulators in the US and EU are now backing green building. But will nation states – and developers – go for it? Shayla Walmsley investigates
