TKP Pensioen Real Estate Fonds (TREF) announced on Tuesday that it has become the largest European fund-of-funds by achieving over EUR 1 bn of invested capital. A combination of 39 funds and joint ventures the fund covers a wide range of sectors and countries. Last year investments in Central and Eastern Europe as well as Scandinavia have become part of the portfolio. The fund's targeted return rate ranges from 8%-10%, with the annual return since the fund's inception in 2000 averaging 9.7%. In 2007 the return was 12.8%.
TKP Pensioen Real Estate Fonds (TREF) announced on Tuesday that it has become the largest European fund-of-funds by achieving over EUR 1 bn of invested capital. A combination of 39 funds and joint ventures the fund covers a wide range of sectors and countries. Last year investments in Central and Eastern Europe as well as Scandinavia have become part of the portfolio. The fund's targeted return rate ranges from 8%-10%, with the annual return since the fund's inception in 2000 averaging 9.7%. In 2007 the return was 12.8%.
Robert-Jan Tel, head of real estate at TKP Investments, commented: 'The European real estate markets provide good opportunities for long-term investments. I expect more institutional investors to move up their European real estate allocations within their portfolios. Our Fund-of-Funds is well positioned to benefit from these developments. The return we achieved since inception has been well recognized by the institutional market. Last year eight institutional investors joined TKP for that reason'.
