Investors

Asda, the British supermarket chain owned by Wal-Mart, is set to sell industrial property developer Gazeley for more than £300m in a bid to focus on its core business.

Following its real estate and private equity target increases early this year, the $38 billion Maryland State Retirement and Pension System has made commitments to three funds.

The US’ second largest public pension fund is considering allocating $1 billion to the growing asset class with California’s infrastructure needs to be given preference.

The private equity real estate firm hires former DTZ executive to capitalize on the growing secondaries and fund of funds market in Europe.

The insurance company’s real estate investment arm, PRUPIM, has appointed a former retail executive to boost the performance of their business parks and shopping centers.

A survey suggests that financial chaos from the US is affecting real estate investment in Asia, though investors are still keen to access the region for the growth and diversification it offers.

The world’s second largest sovereign fund’s recently launched capital strategies group will invest five percent of its assets in private real estate deals, but says private equity is ‘not part of the investment universe’.

The $39bn fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fixed-income exposure.

The $39.2 billion fund, which manages income from the state’s oil and mineral resources, has also cut its domestic equity and fix-income exposure.

PERE reveals 10 private equity real estate fund managers to watch.