Allocation Strategy

The multi-manager arm of Los Angeles-based CBRE Global Investors and the London-based real estate venture capital firm have committed £250m to a UK development and ‘change of use’ joint venture partnership.

The $45.9 billion pension plan expects to launch a search for independent firms that can advise the investor on deals and potential conflicts of interests with managers.

The $104 billion pension plan instead expects to expand its wholly-owned investment portfolio in the asset class in 2014.

The $126.12 billion pension system has presented a strategic asset allocation plan that will increase its target real assets allocation by 3 percent, bumping up its real estate target by approximately $3 billion.

The $10.2 billion pension plan has issued an RFP for an emerging manager focused on non-core real estate to run a $25 million mandate.

The A$75 billion superannuation fund has followed last year’s award of a UK shopping center investment management mandate to TIAA Henderson Real Estate with a central London offices agreement.

New Mexico’s Canavan on demographics-driven investing and his preference for smaller managers

The $87.4 billion pension plan instead intends to increase its core property allocation, particularly through separate accounts. 

Asset manager says global investors foresee stumbling blocks in economic recovery and are hedging their bets with alternative investments like property.

Outbound Chinese investment in private real estate might be gathering pace but it is not ready to relinquish the comforts of home.