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The Japanese public pension plan continues its external manager selection with the appointment of Daiwa Fund Consulting as its third domestic real estate manager.
Germany’s largest pension fund has topped up its commitment to a separate account with UBS’ real estate business by €250m.
Managers and investors should get used to investing in the current low yield and low interest rate environment because it will be here for some time, heard delegates at the PERE Japan conference in Tokyo.
Real estate acquisitions by Middle Eastern sovereign wealth funds increased in Asia and reduced in Europe, a contrast from previous years, according to a report from the property services company.
The agency is looking for three global real estate fund managers playing in the US commercial first mortgage loan market.
The Ohio pension system plans to be a net seller of real estate in calendar year 2016 and will not make new fund commitments in the asset class for the rest of the year.
This is the Middle Eastern sovereign wealth fund’s third major international property deal this year after the Asia Square property buy in Singapore and an office portfolio acquisition in Los Angeles.
The $9.6bn pension system is accepting proposals for a non-core real estate fund by firms operated by women, minorities or persons with a disability.
A survey from the property industry professional body reveals that real estate executives see conditions in the sector as challenging across Asia-Pacific, with India as an exception.
The largest public pension system in the US has committed to invest in JPMorgan’s core fund in Asia, and is reportedly seeking investments in Australia.
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