VKG awards property assets to Lend Lease
BELGIUM – The e550m Brussels-based VKG/CPM pension fund is to hire Australian property group Lend Lease Houlihan Rovers (LHR) to an e45m property mandate split between Europe and the US.
The brief, awarded to LHR’s Brussels office, will be an indirect real-estate arrangement divided between around 75-80% European investment and 20-25% US exposure, and will be part of the offering of the new Sicav of Amonis, the new Belgian healthcare sector fund.
Karl Haeck, finance director at VKG/CPM says the fund had responses from 10 interested managers for the RFP, a long-list that was whittled down to three in discussion with Brussels-based Pragma Consulting.
“We invited three firms to the beauty parade and Lend Lease impressed us the most. They are a young company here but with a strong management team that has been together for around eight years.”
Haeck says a formal announcement of the appointment is to be made shortly.