Real Estate – Page 126
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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).
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European property figures hold up strongly
SWEDEN/IRELAND – Swedish property returns rose strongly in 2000, while Irish property assets retained their strong performance levels, according to figures published by the London based property index provider, Investment Property Databank….
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Schroders bags £70m property brief
UK – Suffolk County Council (SCC) has awarded a £70m (e112m) domestic indirect property mandate to investment manager Schroders...
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Aberdeen buys Swedish property outfit Celexa
UK/SWEDEN – Swedish pension insurance company Alecta (formerly SPP) is selling its property management firm, Celexa Group, to Aberdeen Asset Management....
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European insurance body appoints chief executive
EUROPE - Daniel Schanté has been appointed secretary general and chief executive of the Comité Européen des Assurances, the European insurance federation representing 29 national insurance associations. Plus all the week's major people moves....
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Eureko gets Polish pensions green light
POLAND – The Polish treasury has finally settled its lengthy dispute with pan-European financial group Eureko by giving it the go-ahead to purchase a further 21% stake in the privatised Polish insurance group PZU, which covers 60% of the domestic market….
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Private equity weathers market squall
UK – Private equity investment appears to be weathering the stormy markets with the management buy-out sector recording its third highest quarterly level, according to figures from KPMG Corporate Finance....
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Swiss funds beat benchmarks for 2000
SWITZERLAND - Swiss pension funds in the ASIP/Watson Wyatt performance universe managed to outperform two of their three performance benchmarks in 2000….
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Lothian fund awards £136m property brief
UK – The £2bn Lothian Pension Fund has selected Standard Life Investments to run a £136m (217m) (e segregated property portfolio for a fixed-term seven-year contract....
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ABP/State Street venture makes first investment
EUROPE/US – State Street Global Alliance, the jointly owned subsidiary of the e150bn Dutch civil service pension fund ABP and State Street Global Advisors (SSgA), has bought a major interest in Washington based Residential Capital Management...
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UK website for real estate investors
LONDON - A specialist property investment website, UK Property Investment Pages ( UKPiP.com) has been launched by a co-operative of 15 of the UK’s property surveyors
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PIMCO strengthens Benelux position
Marc van Heel has been appointed senior vice president and director of business development for the Netherlands and Belgium at PIMCO. And other moves of note.
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Skandia re-elects CEO and appoints three directors
Skandia has appointed three new directors to its board- Günter Rexrodt, Oonagh McDonald and Clas Reuterskiöld. Skandia’s nominating committee has also re-elected the chief executive Lars-Eric Petersson.
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IAIM assets under management reach Ir£48.2bn
Pensions assets managed by the13 members of the Irish Association of Investment Managers, rose by just 1.1% in 2000 to Ir£48.22bn. This includes not just assets in segregated accounts but those held in insurance policies and unit trusts.
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Kempen builds on property expertise by buying GPR
NETHERLANDS – Amsterdam based merchant bank Kempen & Co has acquired Dutch property specialist Global Property Research (GPR) – noted for its publication of indices for investors, investment funds and intermediaries...
