Real Estate – Page 88
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News
ABP cuts pension premiums in unexpected move
NETHERLANDS – ABP, the largest Dutch pension fund, says its pension costs for members will be lower than last year.
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News
Uncertainty over BaFin real estate stress tests
GERMANY – BaFin, the German financial services regulator, has yet to make a decision on whether to include real estate investments in the so-called “stress tests” that it requires German lifer insurers and insurance-tied pension funds to undergo.
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News
BASF’s Belgian pension director steps down
BELGIUM – Sven Van Wichelen, director of the Belgian pension fund for German chemical giant BASF, is stepping down as of 1 December, the fund has confirmed.
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News
SEI sees 25% European growth
EUROPE – SEI, the US-based multi-manager fund provider, expects to grow its business in Europe by 25% annually, with nearly all of that growth taking place in the UK, its managing director for Europe says.
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News
Demand for Germany’s Riester pensions surges
GERMANY – Demand for the Riester-Rente, a government-subsidised private pension launched in 2002, has increased dramatically this year, the German finance ministry has reported.
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News
Spezialfonds gain €33bn inflow, BVI says
GERMANY – Investor inflows to German institutional funds (Spezialfonds) totalled €33bn in the year to September 30, bringing the total volume of these funds to €613bn, according to German fund industry association BVI.
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News
Institutions pull €1.8bn from Schroders
UK – Schroders plc says it lost a net £1.2bn (€1.78bn) in institutional assets under management in the three months to the end of September – although asset management profit and revenue were both up.
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News
ING’s Central Europe pension assets surge
EUROPE – Dutch banking group ING’s pension fund assets in Central Europe have risen by more than 32% to almost €7bn.
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News
Double defection blow for PGGM
NETHERLANDS – In a double blow for Dutch healthcare fund PGGM, two senior executives are defecting to Merchant Bank NIBCapital on 1 January 2006.
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News
IPE Real Estate launches website
GLOBAL – IPE Real Estate, the specialist magazine for institutional investors, has today launched a new website to provide further insight into the fast-growing international real estate investment market place.
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Features
Bullring acquisition
Henderson Global Investors’ UK shopping centre fund has purchased a £130m (e192.3m) stake in Birmingham’s The Bullring from Australian insurer AMP Life. In exchange AMP has taken units in the fund, in order to increase its diversification to the UK shopping centre market. AMP Capital Investors believe there is strong ...
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Features
Does one size fit all?
Blessed with accessible investments worth around £300bn (e 443.2), the UK property market is Europe’s largest, and is also the continent’s most transparent, liquid and diverse. As a result, the market is often the first choice for cross-border investment and so around 15% of it is held by foreign visitors. ...
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Features
How passion becomes performance
The appetite of Dutch investors for real estate opportunities is growing thanks to excellent, stable long-term returns and changes in regulation. We estimate domestic demand could rise by €10bn over the next few years. On top of this, investors from the USA and Germany are now also taking an interest ...
