Aviva Investors has been appointed by the Dutch pension fund Stichting Pensioenfonds Medisch Specialisten (SPMS) to manage €200 mln of additional assets in a global real estate mandate.
Aviva Investors has been appointed by the Dutch pension fund Stichting Pensioenfonds Medisch Specialisten (SPMS) to manage €200 mln of additional assets in a global real estate mandate.
This brings the total assets managed for the fund to over €550 mln.
As part of the new mandate, Aviva Investors will be allowed to invest in both listed or unlisted real estate or cash for the fund.
'It is clear that pension funds are increasingly looking towards innovative real estate approaches within their portfolios and we see this increase in the size of our mandate as a strong example of this evolving trend,' said Ian Womack, chief executive of Real Estate at Aviva Investors.
The mandate will be managed by the Aviva Investors Real Estate Multi Manager and REIT teams and governed by the Real Estate Solutions Group, which oversees all strategies that combine the various real estate segments of direct properties, indirect investments (listed and unlisted), infrastructure, real estate debt and synthetics.
SPMS is the Dutch Medical Specialist Pension Fund and an obligatory sector scheme responsible for the retirement provision of independent medical specialists in the Netherlands. It has around 15,000 scheme members and more than €7 bn of assets under management.
