West Midlands reappoints manager to £600m direct property mandate

first_imgWest Midlands Pension Fund has reappointed CBRE Global Investors to manage its £622m (€776m) UK property portfolio and will give the manager more discretion.The existing advisory mandate, which has been in place for seven years, will effectively be replaced at the end of September by a new discretionary one.CBRE Global Investors had to re-tender for the new mandate, which will last for another seven years with an option to extend it by a further three.The outgoing mandate was originally awarded to ING Real Estate Investment Management before the company was merged with CBRE’s investment management business to create CBRE Global Investors. The directly-held UK real estate portfolio of the £10bn West Midlands Pension Fund includes a number of core assets, such as the 270,000sqft Arc Shopping Centre in Bury St Edmunds and the 54,000sqft office at 35 Newhall Street in Birmingham and as of March last year its real estate holdings were worth £838m.
Michael Daggett, fund manager at CBRE Global Investors described the three-month re-tendering process as “rigorous” and said the manager would seek to build on “the portfolio’s solid foundations”.last_img read more

Google first call for upset youth: survey

first_imgNZ Herald 21 May 2014Google now beats talking to friends for young Kiwis with emotional or health problems, a survey has found.The Colmar Brunton national survey of 403 people aged 16 to 24 found that 64 per cent of young people said Google or other websites were the most common places their peers would go to “access information about sex, drugs, alcohol, depression, stress, health, etc”.Talking to friends came a distant second on 46 per cent.The online survey of Colmar Brunton’s ‘You Say’ youth panel offered young people a list of 24 health and social issues and asked which were “the biggest issues facing young people today”.Alcohol easily topped the list with 19 per cent, followed by ‘being accepted’ (12 per cent), bullying (11 per cent), self-esteem (10 per cent) and drugs (8 per cent). Ms Davis-Tana said alcohol was “a very dominant topic in the media, even on social media, and in our lives, so it’s something easy for youth to talk about”.However, when asked about a difficult time that they had been through personally, alcohol came only 12th on the list at 9 per cent. The top issues in young people’s actual lives were stress (32 per cent), self-esteem and relationships (both 28 per cent), confidence (25 per cent) and family (22 per cent).Sex rated 14 per cent, bullying and peer pressure both 13 per cent, suicide 11 per cent and drugs 7 per cent.“Things like self-esteem, suicide, peer pressure … are almost like taboo topics,” Ms Davis-Tana said.Youthline’s annual street appeal is this Friday, May 23.Cyber-age helpHow do young people access information about sex, drugs, alcohol, depression, stress, health, etc?• Google & other websites – 64 per cent• Talking to friends – 46 per cent• TV shows – 15 per cent • Magazines – 11 per cent• Talking to a family member – 5 per cent• Talking to their doctor – 3 per centSource: Colmar Brunton survey, 403 people aged 16-24.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11258524last_img read more

Serena Williams Pulls out of Cincinnati Masters

first_imgWashington: American tennis star Serena Williams has withdrawn from the WTA Cincinnati Masters due to back injury. Williams, a two-time Cincinnati champion, had retired during the Rogers Cup final Sunday in Toronto against Bianca Andreescu with the same injury. The 23-time Grand Slam champion suffered the second blow just hours before her scheduled match began against qualifier Zarina Diyas. “I am so sad to withdraw from the Western & Southern Open as it is truly one of the tournaments I most love to play,” the WTA website quoted Williams as saying in a statement. (IANS)Also Read: Simona Halep Crushes Serena Williams to Win Maiden Wimbledon TitleAlso Watch: Mangaldoi youth opts for celebrating Republic and Independence Day in a unique mannerlast_img read more

Kilfeacle feature in All Ireland Junior Cup final

first_imgThe big game this afternoon sees Kilfeacle feature in the All Ireland Junior Cup final.Just one Munster team has previously won the cup.They face defending Champions Ashbourne at 2 pm in Portlaoise. © IRFU Meanwhile, in the Ulster Bank League Division 2,Nenagh play Galwegians away, and Cashel take on Highfield of Cork in Spafield Cashel.Both those games kick off at 2.30last_img