Carolyn Bandel

  • News

    Venice mulls pension money for local infrastructure


    ITALY – The local government of the Veneto region in the North-East of Italy is considering using the resources of its local pension funds to finance regional infrastructure projects.

  • News

    APG pushes forward to meet infrastructure target


    NETHERLANDS – APG, the asset manager of the €193bn ABP pension fund, is pushing forward to meet its infrastructure investment target of €4.5bn for 2009, even though opportunities are now drying up in the asset class.

  • News

    Sources confirm Tesco/USS real estate deal


    UK – Sources have confirmed the £30bn (€38bn) Universities Superannuation Scheme (USS), the second-largest pension scheme in the UK, is set to purchase a number of UK supermarket chain Tesco’s largest stores.

  • News

    US giant huddles up to London


    UK – Mark Wood, managing director of US pension fund giant TIAA-CREF’s global real estate business, has revealed the newly-launched London office is an attempt to “make sure we are as close to the market as we can be.”

  • News

    TIAA-CREF hunts real estate via London office


    US/UK – The New York-based Teachers Insurance and Annuities Association-College Retirement Equities Fund (TIAA-CREF), the second largest retirement plan in the US with assets of $420bn (€281bn), has launched its first overseas office in London.

  • News

    Cost of fraud triples for Philips fund


    NETHERLANDS – The €13.4bn Dutch pension fund of electronics major Philips has executed several sequestrations in relation to its involvement in the recent property fraud, which is now estimated to have cost the fund €150m.

  • News

    ABP joint venture spends €2.7bn in shopping spree


    NETHERLANDS – The €205bn Dutch pension fund ABP today revealed it now owns Scandinavia’s largest shopping centre owner and developer, Steen & Strøm, after buying the firm in a joint venture for NOK21.9bn (€2.7bn).

  • News

    APG reshuffles Asian real estate team


    NETHERLANDS – Dutch APG Investments, the wholly-owned division of ABP created to manage the assets and administration of the pension fund, has reshuffled its Asian real estate team.

  • News

    Van der Ende takes the CIO chair


    NETHERLANDS – Johan van der Ende, currently at the helm of strategy and structured investments at PGGM, has been promoted to chief investment officer.

  • News

    Dutch transport funds team up to buy real estate


    NETHERLANDS – The €12bn Dutch railway pension fund (SPF) and the €2bn public transport pension fund (SPOV) have, together with Generali Real Estate, bought an €80m Dutch shopping centre project.

  • News

    Finnish fund in quest for UK real estate


    FINLAND – A Finnish pension fund is looking for managers for a £150m (€189.5m) UK real estate mandate, using IPE Quest.

  • News

    Finnish VER to boost alternatives


    FINLAND – The €11.53bn Finnish first pillar Valtion Eläkerahasto (VER) pension scheme, is planning to increase its exposure to alternative investments to 10%.

  • News

    Norway pension fund allocates 5% to real estate


    NORWAY – Europe’s largest pension fund, the NOK2136bn (€267bn)Norwegian Government Pension Fund – Global, has said it will switch 5%of its asset to real estate, while moving more money into emerging markets.

  • News

    M&S to 'pre-fund' scheme with more property


    UK – British retailer Marks & Spencer (M&S) today announcedit will top up its property-backed partnership with its £5.2bn(€6.76bn) UK pension fund with another £400m.

  • News

    Philips fund ups real estate sale as experts mull liability


    NETHERLANDS – The €14.6bn Dutch pension fund of electronics giantPhilips has further dismantled its real estate portfolio, a processinitiated following an investigation started into the alleged realtyfraud within the fund.

  • News

    Kåpan eyes more real estate after poor year


    SWEDEN – The SEK32.7bn (€3.5bn) Kåpan Pensioner scheme forgovernment employees booked a return of 2.1% for 2007, and now plans toincrease its real estate allocation to 10%.

  • News

    German doctors mull infrastructure


    GERMANY – The €9bn Nordrheinische Ärzteversorgung (NAEV), the German pension fund for doctors in the North Rhine region, is contemplating a move into infrastructure investments.

  • News

    Philips scheme dismantles real estate portfolio


    NETHERLANDS – The besieged €14.6bn pension scheme of Dutch electronics major Philips has sold around 15% of its real estate holdings to Dutch real estate investment fund Vesteda.

  • News

    BNL fund to outsource real estate


    ITALY – The €970m pension fund of the Italian Banca Nazionale del Lavoro (BNL) is looking to outsource the management of its real estate portfolio.

  • News

    Blue Sky hires successor to Satumalaij


    NETHERLANDS – Blue Sky Group, the manager of Dutch airline KLM’s pension fund assets, has appointed Hidde Frequin as its new real estate fund manager real estate. Succeeding Raymond Satumalaij, who resigned in March to join fund manage...

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