IPE REAL ESTATE AWARDS 2009 WINNERS

Best European Pension Fund 2009

Ärzteversorgung Westfalen-Lippe

(Messrs. Altenhoff and Kloss)

Sponsored by: AMB Capital Partners

(Mr. Biddulph)

Outstanding Industry Contribution

Andrea Carpenter, INREV

Sponsored by: AXA RE IM

(Mr. van der Bijl)

Best Large European Pension Fund

Ärzteversorgung Westfalen-Lippe

(Messrs. Altenhoff and Kloss)

Sponsored by: Hines

(Mr. Huber)

Best Medium-sized European PF

West Midlands Pension Fund

(Mr. Hardwick)

Sponsor: Crédit Agricole AM RE

(Mr. Simon)

Best Small European Pension Fund

APK

(Mr. Bujatti)

Sponsored by: ING Real Estate

(Mr. de Groot)

Best PF in Austria/Germany/Swi.

Aerzteversorgung Westfalen Lippe

(Messrs. Altenhoff and Kloss)

Sponsored by: AEW Europe

(Ms. O'Neill)

Best PF in Benelux & France

Pensioenfonds KBC

(Mr. Meysmans)

IP Nederland

(Ms. van der Westen)

Best PF Nordic Countries

ATP

(Messrs. Nielsen and Raitio)

Sponsored by: Rockspring PIM

(Mr. Plummer)

Best PF in UK and Ireland

West Midlands Pension Fund

(Mr. Hardwick)

Sponsor: Standard Life Investment

(Mr. Woods)

Best use of Core Investment

BVK

(Mr. Harenkamp)

Sponsored by: Tishman Speyer

(Mr. Hünlein)

Best use of Direct Investment

Länsförsäkringar Liv

(Ms. Andersson Rahlan)

Sponsored by: Heitman

(Mr. Black)

Best use of Indirect Investment

VBV

(Mr. Herndlhofer)

Sponsored by: Cohen & Steers Europe

(Mr. Houlihan)

Best Innovation

Gothaer

(Mr. Morgenroth)

Sponsored by: Invesco Real Estate

(Mr. Redman)

Best use of Opportunistic Investment

ATP

(Messrs. Nielsen and Raitio)

IPE

(Mr. Kennedy)

Best Portfolio Construction

Gothaer

(Mr. Morgenroth)

IPE

(Mr. Betson)