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MN says it wins E50m SPW real estate brief

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NETHERLANDS – MN Services says it has been awarded a 50 million-euro international real estate mandate by Dutch housing fund SPW.

MN said that the brief was awarded by the Housing Corporation pension fund, Stichting Pensioenfund voor de Woningcorporaties. “SPW opted for MN Services because of the advantages its international real estate products offer,” MN said in a statement.

MN, which last month launched a pension outsourcing product for pension funds in the Netherlands, also said the product provided access to a selection of non-listed real estate funds in different countries.

The Rijswijk-based company, which started as a fund for mechanical workers and engineers, said that of the 22 billion euros under management, 1.6 billion euros had been invested in real estate.

SPW was unavailable for comment.

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