An €8.5bn French civil service pension fund will reportedly invest €100m per year in commercial real estate in France, in an attempt to diversify the fund.
2 min read · 24 January 2013
The vice president of Canadian pension Ontario Municipal Employees Retirement System Philip Haggerty said there is a need for American institutions to make large real estate and infrastructure investments directly, and that Canada is ‘opening the door for partnership’.
2 min read · 24 January 2013
A focus on alternative assets by Australia’s A$67bn Future Fund led to an increase in real estate exposure from 1% to 4% in the year to March 31 2010. The state wealth fund also increased its exposure to infrastructure investments.
2 min read · 24 January 2013
The global placement agent has launched a platform to help managers raise RMB funds and has hired Eric Gu from China’s National Social Security Fund to lead the effort.
2 min read · 24 January 2013
Barry Sternlicht’s Starwood Capital Group was the biggest riser in the 2010 PERE 30 ranking. Two fund closings totalling almost $2.8bn saw the private equity real estate firm launch itself from 30th place to 13th place.
2 min read · 24 January 2013
Starwood CEO Barry Sternlicht, speaking at the Milken conference in Los Angeles, said the US economy is recovering better than he thought it would – but that an increase in interest rates is inevitable, which will create more distress after the November congressional elections.
1 min read · 24 January 2013
French and German foreign minsters have come out strongly against the ‘third country’ rules in the latest draft of the proposed EU regulations.
3 min read · 24 January 2013
Nicholas Wong, managing director for Asia Pacific of ING Real Estate Select, the multi manager business of ING Real Estate Investment Management, has resigned from his position as the division’s restructuring leads to the consolidation of its Asia offices.
2 min read · 24 January 2013
US REIT Chatham Lodging Trust has bought six hotels from the Bethesda, Maryland-based hotel investment firm in an all-cash deal.
1 min read · 24 January 2013
The New York-based private equity and real estate giant has drafted in ex-HBOS head of real estate, Nick Robinson, as an advisor as it seeks to unlock investments in the UK.
1 min read · 24 January 2013
