Germany’s €70 billion pension provider VBL is increasing its diversification, notably investing in overseas real estate outside Germany for the first time. It's also increasing its tilt to international equities over European stocks, enabled by an organisational and investment process overhaul.
The Global Real Estate Sustainability Benchmark (GRESB), which will launch its third annual sustainability survey today, has announced a partnership with the Global Reporting Initiative to enhance sustainability reporting. The survey allows participating fund managers to benchmark their portfolio on environmental and social performance against their peers. The GRESB Foundation is backed by 30 institutional
Real estate is evolving fast as increased global investment opportunities emerge. Property prices in key markets have begun a tentative upswing that may offer scope for capital gain. There is also evidence of rental growth in some locations, which has had a positive effect on capital values. However, as the effects of the global financial
The Global Real Estate Sustainability Benchmark (GRESB) is being actively used by its investor supporters, including PGGM, to make service providers accountable for ESG performance, with the second annual survey finding a larger proportion of managers in the top quadrant this year.
This paper, “Property Derivatives for Managing European Real-Estate Risk,” co-authored by Frank Fabozzi from the Yale School of Management, Robert J. Shiller from Yale, and Radu Tunaru from the Cass Business School was recently awarded the European Financial Management Best Paper Award.
Engaging real estate fund managers on their carbon footprint will be more easily implemented following the creation of a Global Real Estate Sustainability Benchmark, the result of collaborative work by a group of 11 of the world’s largest pension asset managers and Maastricht University.
The UK Crown Estate, which as the name suggests manages the assets and estate of the Crown, has entered into the second joint venture with an institutional investor in as many months. Norges Bank, which manages the 2,908 billion kroner ($498 billion) Norwegian Government Pension Fund Global, has purchased a 150-year lease on a 25
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