Investors

Two-thirds of institutions are now underallocated to the asset class, and most plan to either maintain or increase their capital investment this year.

To close the gap between its actual and target allocations, the system intends to deploy $1.55bn in real estate funds over the next decade.

The wealth fund plans to build net-leased industrial properties in partnership with Realty Income, a listed REIT that launched its first private real estate fund last year.

Rowan Cook joins the pan-Asian insurer from rival firm FWD following predecessor Phil Joubert’s move from AIA to Oaktree Capital Management last year.

The UK private pension scheme is considering further value-add investment opportunities for its domestic and international property portfolio.

The investor will be especially cautious on new development but is more open to it in alternative sectors, with an eye toward the US.

Jenny Hammarlund, who has led OTPP’s European and UK real estate investments since moving over from Cadillac Fairview last year, will assume the top job in January.

The local government pension scheme pool, with around £65bn of potential LGPS capital, is expanding its capabilities ahead of seven more funds joining its client base.

The pension giant’s venture with Dream Industrial REIT comes seeded with a 3.6m-square-foot portfolio spanning Montreal, Toronto and Calgary.