Jonathan Brasse
US pension fund Maine PERS has called in outside help to invest the remaining 5 percent of its targeted allocation to real estate. According to reports, this could lead to expanding the pension fund’s investment horizon from core style investing to opportunistic.
AiM-listed Hansteen Holdings has become the latest name to try luring more equity through the issue of shares. The firm believes now is the time to execute industrial property deals at “double digit” yields.
Paris-based private equity real estate firm AEW Europe has poached a managing director from Australia’s Goodman Group to take charge of businesses including its separate accounts business and its Paris-based funds.
Segro, an industrial property specialist, this morning said it had agreed terms for a takeover of Brixton, though a formal offer is yet to be made. Private equity real estate firms had been linked with a buyout of Brixton, but the announcement this morning makes consolidation of the two UK REITs more likely.
This month saw two direct investments in the City of London by Middle Eastern investors better known for making third party investments into blind pool, discretionary funds. PERE spoke with the agent behind these deals about their wind change in investment priorities.
In its Economic Pulse report on the Asia Pacific economy and its effect on commercial real estate, the New York-based firm uses IMF findings to forecast when the investment and rental level bounces will occur on the continent.
Tokyo-based private equity real estate firm KK DaVinci is to sell DaVinci Select, the management unit responsible for the DA Office Investment Corporation J-REIT, to Japanese securities brokerage Daiwa Securities Group. The deal coincides with Daiwa’s purchase of a 13 percent stake in the J-REIT
KPMG, which was appointed to liquidate the bulk of Lehman Brother’s non-Japan real estate assets, has completed the sale of seven out of nine loans and bonds issued by the collapsed bank.
Denmark’s largest pension fund is to planning to mitigate future risk by committing its equity in smaller portions to more smaller funds as well as participating in “club style” investments. These themes were also voiced at this week’s PERE Forum: Europe in London.
One month after disposing of its Tokyo headquarters in a $1.2bn sale to Japanese insurer Nippon Life, AIG has agreed to sell its Manhattan headquarters to a consortium including Korea’s Kumho Investment Bank.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: