Institutional Real Estate Newsline
February 28, 2011: Vol. 19, Number 9Buy For $65.00 Add to Cart
Canadian Commercial Real Estate Returns Rebound in 2010
Investment in Canadian commercial real estate bounced back in the past year with the strongest performance in three years, at 11.1 percent, according to REALpac/IPD Canada Annual Property Index.
CityView and Access Capital Advisers Form Urban Infrastructure Venture
CityView, an institutional investment firm focused on urban real estate, in-city housing and metropolitan infrastructure, and Access Capital Advisers have formed CVAE, a joint venture to invest in urban infrastructure throughout the United States.
Homburg Canada REIT Acquires Retail Properties
Homburg Canada Real Estate Investment Trust, a Canadian REIT, has closed on two of three transactions to acquire retail properties in Quebec for C$84.35 million ($85.56 million).
Madison International Closes $510 Million Real Estate Fund
Madison International Realty has completed a final close of its latest fund, Madison International Real Estate Liquidity Fund IV (MIRELF IV), with $510 million of equity commitments. The fund exceeded its equity target of $400 million.
- Pensimo Management Awards Global Mandate to Partners Group
Pramerica and Panattoni Expand European Industrial Property JV
Pramerica Real Estate Investors, the European real estate investment and advisory business of U.S.-based Prudential Financial, has expanded its industrial property joint venture with Panattoni Europe, part of U.S.-based Panattoni Development Co.
U.S. Real Estate Delivers Strongest Returns
U.S. real estate has delivered the strongest investment performance for five years, with a 15.1 percent total return for 2010, according to the IPD U.S. Quarterly Property Index.
Vornado Holds $800 Million Close of Real Estate Investment Fund
Vornado Realty Trust (NYSE: VNO) has closed its real estate investment fund, Vornado Capital Partners, with an additional $250 million of commitments, bringing the total to $800 million.
Warburg-Henderson Launches Pan-European Fund
Warburg-Henderson, a partnership of German private bank M.M. Warburg & Co. and U.K. asset manager Henderson Global Investors, has launched a new pan-European property investment fund backed by an investment mandate from four municipal pension funds.