Pension Fund

Aussie performance test overhaul to unlock more affordable housing capital

Reforms under consideration could see more investments in the strategy with the introduction of an ‘emerging covered asset class.’

Berkshire Global: Real estate M&A sees a temporary changing of the guard

Non-alts buyers are stepping into the breach as large, publicly traded investment managers take a breather, according to Drew Murphy, partner and head of the private markets advisory practice at Berkshire Global Advisors.

Germany roundtable: The challenge of unlocking the country’s potential

Participants in PERE’s roundtable say a combination of public investment and regulatory reform could help to revive Germany’s stalled economy and real estate market. But they also fear a fragile recovery could be derailed by global events.

Realty Income on wedding public and private capital

New capital sources are expanding the reach of net lease market strategies as demand grows for predictable returns, explains Realty Income’s Jonathan Pong.

Sale-leasebacks gain ground as capital pressures mount

Rising refinancing needs, M&A activity and a cost-of-capital advantage are driving demand from both corporates and investors.

GPIF taps Hong Kong’s Phoenix for domestic push

This marks the first time the world’s largest pension fund has invested in an Asia-based real estate manager.

ASRS’s Copeland is positive about reduced real estate allocation target

The Arizona pension’s private markets head remains keen to recycle capital into new opportunities in an SMA-heavy real estate program.

La Caisse, Prologis form €1bn pan-European JV

The investment consolidates most of the pension manager’s regional logistics portfolio into one platform.

ABP’s development push is a contrarian play

In investing €1.25bn to build new homes, the Dutch pension fund is becoming an outlier in an increasingly development-shy market.

VRS’s Noland: Real estate is outperforming benchmarks despite headwinds

The real assets director at the $130bn public pension intends to gradually expand its exposure to the asset class.