PGGM Private Real Estate, part of PGGM, the cooperative Dutch pension fund service provider, and Redevco, the property investment management company that is part of Cofra Holding AG, have launched a joint venture investing €550m into European commercial property. The Urban Retail Ventures business will invest in shopping and leisure properties across the region, with particular […]
A new report published by members of the 300 Club has argued that management fees should be cut and incentives increased to better align the interests of investors and fund managers the long term. Jaap van Dam, principal director Investment Strategy at PGGM and Lars Dijkstra, chief investment officer at Kempen Capital Management, have put […]
Eurex Clearing, a clearing house of Deutsche Börse Group, has now joined forces with Dutch pension fund PGGM. The pension fund will be Eurex’ first buyside client to become a direct participant of the firms’ Securities Lending central counterparty (CCP). Securities lending platform EquiLend has been selected to provide connectivity services to Eurex Clearing’s Lending […]
Pensioensfonds Zorg en Welzijn (PGGM), the second biggest pension fund in the Netherlands has announced a number of guidelines in order to campaign against excessive corporate salaries. “We can no longer let our voting guidelines and vote record do the talking on our behalf. Renumeration is important enough for long-term sustainable returns, and we believe that […]
Dutch asset manager Kempen Capital Management (KCM) has announced the appointment of Roul Haerden (pictured) as senior portfolio manager within its Multi Management team as of August 2015. Roul Haerden will be in charge of external manager selection and monitoring activities within fixed income. He joins from PGGM Investments, where he held a similar position […]
Dutch pension investor PGGM has increased its capital commitment to the joint venture with construction services company BAM PPP by another €140m, rasing the total campital committed by both parties to €600m. The joint venture BAM PPP PGGM Infrastructure Coöperatie U.A. has now invested in 21 projects across north-western Europe, including include tram projects, motorway […]
Legal & General Capital and Dutch pension fund manager PGGM have announced the launch of a London Office joint venture partnership and successfully completed its first £67m (€90m) investment – 72 Broadwick Street in Soho. The joint venture initially has an allocation of some £375m (€501.8bn) to invest. “The joint venture model of investing in […]
Dutch pension fund asset manager PGGM has stopped investing in five Israeli banks because they are financing Jewish settlements and have branches in the West Bank, according to Israeli newspaper Haaretz.