Real Estate – Page 125
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Schroders and Benchmark stage West End venture
UK – Schroder Property Investment Management and specialist UK property group Benchmark have established a new Jersey registered property fund – the West End of London Property Unit Trust (WELPUT) - with initial assets of £300m (€488m)....
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Portugal's e3bn reserve fund to start outsourcing
PORTUGAL – The e3bn Lisbon based Portuguese pension reserve fund, created in 1989 to plug the future hole in Portugal’s social security retirement payments, could outsource up to 20% of its assets to external managers by the end of the year....
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Survey reveals European traits on investment
LUXEMBOURG – A survey carried out by Crédit Agricole Indosuez Luxembourg looking at the values and beliefs of European investors, and whether culture influences financial decision making, reveals that that 38% of Europeans believe stocks are the best long term investment, with 43% of Germans saying that investing is fun. ...
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Altink to head Mellon's European corporate affairs
UK/EUROPE – Jan Altink has been appointed director of corporate affairs for Europe by Pittsburgh based Mellon Financial Corporation.
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£1.9bn Edinburgh fund drops DeAM for Blackrock
UK – The £1.9bn (e3.4bn) City of Edinburgh Council Lothian Pension Fund has pulled an approximately £150m European equities brief from Deutsche Asset Management and split the balance between Bank of Ireland Asset Management (BIAM) and Edinburgh based Blackrock....
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Belgacom reveals tender plans for e300m new assets
BELGIUM – The country’s largest pension fund, the e3.5bn Belgacom scheme, has revealed its tender proposals for the investment of up to e300m of new asset inflows into hedge funds, real estate and credits....
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UK £20bn electric fund in huge reorganisation
UK – The £20bn (e33.1bn) industry-wide occupational retirement plan for 26 electricity companies, Electricity Supply Pension Scheme (ESPS), has reorganised some £2.1bn of its assets....
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VKG shortlists four in e50m mandate search
BELGIUM – The e550m Brussels based VKG/CPM pension fund for doctors, dentists and pharmacists has shortlisted four managers, including two from the US, for an e45-50m property mandate....
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State Street/Itaú in Brazil institutional tie-up
BRAZIL/US – State Street has entered into an agreement with Brazil’s second largest private bank, São Paolo based Banco Itaú, in a bid to expand institutional investment services for clients of both companies, including pension funds, investment managers, insurance companies and multinational corporations.
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Deutsche AM unveils new regional COOs
Deutsche Asset Management (DeAM) has appointed a raft of new regional chief operating officers (COO) for Europe, the Asia/Pacific region and the Americas, as part of the restructure of its institutional and retail businesses....
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Dutch group Rodamco merges real-estate arms
NETHERLANDS – Property manager Rodamco Europe is creating the largest Dutch retail property investor by integrating Rodamco Retail Nederland (RRN), into Rodamco Nederland...
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Dexia bids for Kempen to boost Dutch presence
LUXEMBOURG/NETHERLANDS – Dexia Banque Internationale à Luxembourg (Dexia BIL) has made an approved e1.05bn takeover bid for Amsterdam based mid and small cap specialist investment group Kempen & Co...
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New Star hires Goldsmith for offshore push
Philip Goldsmith has been appointed managing director of London based New Star International Investment Funds, and all other major people moves of the week
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New giant pension asset manager enters euro field
EUROPE - Foreign & Colonial Management has combined forces with Dutch pensions manager Achmea Global Investors and Portuguese investment house AF Investimentos to form F&C, the sixth largest pension asset manager in Europe...
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German DC 'AS-fonds' return 2% for 2000
GERMANY – AS-fonds, Germany’s third pillar DC savings plans returned an average of two-per cent last year in spite of the market turbulence, according to the Frankfurt based BVI funds regulator....
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Standard Life picks up Lothian property tranche
UK – The £2bn Lothian pension fund, the scheme for Edinburgh City Council, has appointed Standard Life Investments to a potential £2.3m property mandate....
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Commercial property reaches record levels in 2000
EUROPE – Interest in European commercial property reached record levels last year and is expected to remain strong throughout 2001, according to a report by property adviser DTZ….
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Aberdeen buys property manager RREEF
UK/NETHERLANDS – Aberdeen Asset Management has bought property asset manager RREEF UK from RoProperty Holding, part of the Robeco group, increasing its property assets under management to £5.9bn....
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PGGM leading strategist retires
NETHERLANDS – Marinus Keijzer, an adviser to the director of investments at Zeist based NLG110bn (e50bn) Dutch superfund PGGM is to take early retirement from the scheme....
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Lithuanian bank mergers spark monopoly questions
LITHUANIA ESTONIA – Following the acquisition of the Lithuanian savings bank, Lietuvos Taupomasis Bankas (LTB), by Estonia’s Hansapank, questions have arisen about the size of the possible merger between the Swedish banks FöreningsSparbanken (Swedbank) and Svenska Enskilda Banken (SEB).
