Henderson forms global real estate venture
Big UK-based investment manager Henderson has joined with the US pension fund Teachers Insurance and Annuity Association — College Retirement Equities Fund (TIAA-CREF) to form a major real estate venture.
The agreement was announced late yesterday, with Henderson and TIAA-CREF having agreed to combine their European and Asian real estate businesses to form TIAA Henderson Global Real Estate.
The new joint venture will have assets under management of approximately US$19.8 billion.
In a related sale, Henderson will also sell its North American real estate business to TIAA-CREF.
Henderson will own 40 per cent of TIAA Henderson Global Real Estate.
AUTHOR
Staff Writer
Recommended for you
The Financial Services Council has appointed a new deputy chair for its board.
ASIC chair Joe Longo has told compliance professionals they need an “attitude of compliance” beyond written policies, how can AFSLs achieve this without alienating their advisers?
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.
