Institutional Real Estate Newsline
September 27, 2010: Vol. 18, Number 37Buy For $65.00 Add to Cart
CalPERS Makes Follow-on Commitment to Hines Brazil Real Estate Venture
The $210 billion California Public Employees’ Retirement System (CalPERS) has committed $190 million to the Hines CalPERS Brazil Fund II (HCB II).
Catalyst European Property Fund Acquires Stratford Shopping Center
Munich-based pbb Deutsche Pfandbriefbank has provided a loan of £59.51 million ($93.5 million) for the acquisition of the 323,000-square-foot Stratford shopping center in London by the Catalyst European Property Fund LP.
ING REIM Buys Three U.K. Retail Assets for £142.7 Million
ING Real Estate Investment Management (ING REIM), on behalf of the West Midlands Metropolitan Authorities Pension Fund, a U.K. pension fund, has acquired three retail properties in separate transactions for a total of £142.7 million ($224.1 million).
LaSalle Launches £100 Million U.K. Special Situations Fund
LaSalle Investment Management has launched the U.K. Special Situations Fund, which will invest in distressed and structured real estate situations in the United Kingdom, including mezzanine, preferred equity and debt.
Pradera Europe Closes Central and Eastern European Fund
Pradera Europe, a specialist management company for European retail property funds, has closed its Pradera Central & Eastern Fund with €200 million ($267 million) in equity.
- Townsend Group to Receive $300 Million Investment Mandate