Allocation Strategy

The Shanghai-based firm is plotting to launch its first US-focused property fund by the beginning of next year for its Chinese investors.

In its updated real estate investment policy, the $27.12 billion pension increased its target allocation to non-core investments from 5 percent to 20 percent of its private real estate portfolio.

In a research document, the global brokerage firm says growing assets, loosening regulation and successful investments by pensions and sovereign funds are expected to influence the region’s $6.7tr insurance sector to markedly increase its allocation to property.

Norway’s $860 billion sovereign wealth fund is planning to invest 1 percent of its portfolio in property annually for the next three years.

The multi-manager arm of Los Angeles-based CBRE Global Investors and the London-based real estate venture capital firm have committed £250m to a UK development and ‘change of use’ joint venture partnership.

The $45.9 billion pension plan expects to launch a search for independent firms that can advise the investor on deals and potential conflicts of interests with managers.

The $104 billion pension plan instead expects to expand its wholly-owned investment portfolio in the asset class in 2014.

The $126.12 billion pension system has presented a strategic asset allocation plan that will increase its target real assets allocation by 3 percent, bumping up its real estate target by approximately $3 billion.

The $10.2 billion pension plan has issued an RFP for an emerging manager focused on non-core real estate to run a $25 million mandate.

The A$75 billion superannuation fund has followed last year’s award of a UK shopping center investment management mandate to TIAA Henderson Real Estate with a central London offices agreement.