Hermes Real Estate Investment Management has bought £100m of office space as part of a fifty-fifty joint venture with Canada Pension Plan Investment Board (CPPIB).
Two of M&G's funds have jointly purchased 18 car auction sites across the UK for a total of £240m.
The introduction of auto-enrolment (AE) has led to a significant increase in defined contribution (DC) schemes' allocations to real estate, according to a Pensions Institute (PI) report.
Investors fearing interest rate rises in the US and Europe are looking to alternatives such as direct real estate and private equity, research from AMP Capital shows.
The Pension Protection Fund (PPF) wants to recruit new real estate investment managers as it grows beyond its current £15bn in assets.
Investments in ground rents are "misguided" and risk locking pension schemes into low returns, warns consultant Cardano, amid on-going interest in using the asset class to match liabilities.
M&G's real estate investment arm PRUPIM has completed the freehold purchase of Heathrow Terminal 5's Hilton hotel.
Axa Real Estate has completed the £38m acquisition of two supermarkets for its newly-launched UK Long Lease Property fund.
The National Employment Savings Trust has invited tenders for products to achieve exposure to UK direct and global listed real estate.
Prupim director and head of research Paul McNamara looks at sustainability in real estate.
The Universities Superannuation Scheme has linked with Metric Property Investments to start a £150m joint venture focused on acquiring small retail parks.
US/NETHERLANDS - CB Richard Ellis (CBRE) has completed the acquisition of ING Real Estate Investment Management (ING REIM) Europe, marking the final stage of CBRE's absorption of ING's real estate business.
West Midlands Pension Fund has acquired more central London office space after buying St Andrew's House in conjunction with ING Real Estate Investment Management for £25.2m.
AllenbridgeEpic Investment Advisers has boosted its real estate team in response to increased client appetite for property with the appointment of a second sector specialist.
EUROPE - Pension funds considering a move into the European property market should act with caution, Hatfield Philips International (HPI) has warned.
Aviva Investors has launched a global real estate fund of funds to help UK local authority pension schemes access unlisted property and still comply with LGPS regulations.
Brockton Capital has added Birmingham's The Mailbox retail complex to its portfolio for £127.1m.
CANADA - Canada Pension Plan Investment Board has agreed to buy a 50% stake in Europe's largest retail complex, CentrO near Dusseldorf, Germany, for about €700m ($949m), according to three people with knowledge of the transaction.
UK institutional pension funds' equity allocation has plummeted by a fifth in the past decade - but remains the highest in the world, according to a global study.
EUROPE - Plans by the European Union to introduce Solvency II- type regulations to the pensions industry could hinder investments in real estate, delegates at the European Association for Investors in Non-listed Real Estate Vehicles (INREV) seminar heard....
Demographic changes, the ongoing pensions crisis and increasing regulation are the main challenges facing the global real estate market, delegates heard.
EUROPE - The global real estate crisis has created investment opportunities for pension funds and other institutional investors, Mercer believes.
US - California Public Employees Retirement System (CalPERS) saw its investments rise 13.3% in the year to June, beating its estimated return by almost two percentage points.
Property will face a tough second half of the year as fiscal austerity measures hit investment returns, ING REIM chief executive Kevin Aitchison warns.