Real Estate – Page 124
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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).
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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...
