Institutional Real Estate Newsline
May 26, 2008: Vol. 15, No. 20Buy For $65.00 Add to Cart
Aberdeen Asian Fund of Funds Raises $80 Million in Interim Close
Aberdeen Property Investors’ AIPP Asia Select has raised $80 million in a successful closing, primarily from the Local Government Pensions Institution, a Finnish pension plan, which contributed $75 million.
Crescent to Sell Houston Office Tower
Crescent Real Estate Equities is selling One BriarLake Plaza, a class A office tower in west Houston, without a formal asking price.
Illinois TRS Expands Emerging Managers Program
The $38.7 billion Teachers’ Retirement System of the State of Illinois (TRS) will expand its emerging managers program beyond the public market asset classes.
ING Real Estate Office Fund Acquires French Properties
ING Real Estate recently acquired two office properties in France for approximately €70 million ($110 million) on behalf of its ING Real Estate Office Fund. Le Millenium 1, a multi-tenant building comprising 73,980 square feet and 110 parking spaces, is located in the city center of Bordeaux.
JPMorgan Asset Management Closes Asian Real Estate Fund with $600 Million
JPMorgan Asset Management has closed JPMorgan Greater China Property Fund with more than $600 million in capital commitments from institutional and high-net-worth investors from the United States, Asia, Europe and the Middle East.
LaSalle JV to Develop Logistics Properties in China
LaSalle Investment Management has formed a joint venture with German development firm Realty Vailog SpA to acquire and develop logistics facilities in the Greater Shanghai Region on behalf of its LaSalle Asia Opportunity Fund III.
Muhammad Nazir Launches Property House
Muhammad Nazir, a businessman with diverse investment interests in the United Arab Emirates, Pakistan and Turkey, has launched Property House, a $1 billion real estate and property management company targeting residential and commercial development in the United Arab Emirates.