Real estate, then private equity top the preferred investments among the 52 percent of respondents who do or want to commit to alternatives, according to a Bear Sterns report.
The $35bn Pennsylvania State Employees’ Retirement System allocates further funds to RE after returning 22 percent from the asset class last year.
Wachovia Corp plans to sell more than 100 vacant branches to American Realty Capital Trust in 2008 with more expected to follow.
Old Mutual Investment Group is showcasing a new $500 million Indian real estate fund at the world’s largest property conference in the south of France this week.
The Piramal-owned firm has already received a $250m commitment from 3i.
Despite vigorous lobbying by business groups, the UK government has pushed ahead with its plans to introduce the annual levy on foreigners working in Britain, which will force many private equity real estate professionals in the country to pay additional UK tax on their personal worldwide earnings.
As part of a renewed emphasis on alternative investments, the state's retirement fund has made commitments to venture, energy, and distressed funds.
Our man in Cannes reports on the travel travails and marketing mayhem that have marked the first day of MIPIM.
The third closing follows a €12 million acquisition in Belgium.
As investors position themselves to take advantage of falling commercial property values in the UK, Orchard and Singapore's state-owned investment fund, GIC, are looking to make up to 15 British property investments over the next three years.