The real estate investment and fund management business calculates that OECD pension funds will allocate $440bn to real estate over the next five years. But the firm warns that aging populations and vulnerable bond markets should be met with further allocations to income-producing real estate.
2 min read · 24 January 2013
Eric Lemer, formerly of Credit Suisse’s Real Estate Private Fund Group, has joined trans-Atlantic private equity real estate firm GI Partners in its London office to take on a newly-established role.
2 min read · 24 January 2013
The Canadian Pension Plan Investment Board has acquired an 8-stong shopping centre portfolio, which includes the Hillside Centre in Victoria, for $335.5m including the assumption of $105 million of debt.
1 min read · 24 January 2013
The Chicago-based firm is focused on ‘deleveraging European real estate’ in the UK through investing in real estate structured investments and debt. The firm has already attracted capital commitments to its £100m UK Special Situations Fund.
2 min read · 24 January 2013
Oppenheimer Investments Group, the Zurich-based project finance adviser, has appointed veteran private equity real estate lawyer Iain Morpeth, who spent 23 years at Clifford Chance, as its new global chief operating officer. Among his mandates, Morpeth advised on the sale of the Millennium Dome.
1 min read · 24 January 2013
St Martins, the UK real estate investment arm of sovereign wealth fund, the Kuwait Investment Authority, is to switch its investment strategy to focus on trophy assets. In so doing, it plans to offload £900m of real estate currently on its books.
1 min read · 24 January 2013
Former Carlyle partner Robert Grady is poised to be elected chair of the state’s investment council as the pension’s advisor Strategic Investment Solutions’ advice to hike alternatives up to 38 percent becomes draft regulation.
1 min read · 24 January 2013
UK-based fund manager sees the US apartment sector as the ‘best-positioned’ over the next five years and has launched an investment vehicle to capitalise.
2 min read · 24 January 2013
The US state’s $63bn pension, which has not made a commitment since 2008, currently has a 7% private equity target.
1 min read · 24 January 2013
The Wall Street Bank has relocated senior real estate executives to new offices in Frankfurt and Paris in a bid to better manage existing assets and locate investment opportunities in the region.
1 min read · 24 January 2013
