CalPERS’s purchase of a major stake in real estate investment advisor Bentall Kennedy will provide the largest pension fund in the US with an inside knowledge of the investment management business.
3 min read · 17 January 2013
The endowment’s $75 million allocation to The Blackstone Group is the initial capital outlay of approximately $225 million in non-core commitments that the state is expected to make this year.
3 min read · 17 January 2013
In a commentary today on the defensive value of real estate, CBRE’s chief EMEA economist, Peter Damesik, argues that even in the most extreme circumstances, it is unlikely investors would experience a total loss if they buy an office occupied by a bank, making it better than owning shares in the banks themselves.
3 min read · 17 January 2013
Sam Zell’s Equity Residential purchased the high-end apartment development in Manhattan’s Chelsea neighbourhood for $280 million.
1 min read · 17 January 2013
The specialist European retail private equity real estate firm has so far secured €130m of commitments as it seeks to raise its second fund.
2 min read · 17 January 2013
The $627bn sovereign wealth fund has merged its Real Estate Department and Infrastructure Department as it seeks to streamline functions.
2 min read · 17 January 2013
The US government’s development finance agency will help to leverage investments by Actis’ second African real estate fund, which will develop commercial properties in the sub-Saharan region.
2 min read · 17 January 2013
A Baltimore-based investment firm has raised $180 million to invest in wetlands restoration, a niche strategy that combines conservation with mid-teen return expectations.
4 min read · 17 January 2013
The $51 billion pension plan has resolved to contribute to the Toronto-based firm’s first global opportunistic real estate fund, Brookfield Strategic Real Estate Partners, which already has held a first close on $2.1 billion.
2 min read · 17 January 2013
In entering the North America market, the Australia-based industrial property company will be partnering with California-based Birtcher Development and the Canadian Pension Plan Investment Board to develop and invest in logistics and industrial facilities across the region.
3 min read · 17 January 2013
