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Dutch pension fund SBZ begins direct portfolio sell-off

Posted on 15 July 2009

From IPE: SBZ, the €2.2bn Dutch pension fund for care insurer employees, has made its first two disposals of direct property holdings as part of a transition to a wholly indirect real estate exposure.

The pension fund has sold a shopping centre with apartments in Hardinxveld-Giessendam and an office building in Zeist, both in the Netherlands, to real estate company Newomij, together representing approximately one-fifth of SBZ’s total property portfolio…….Full Article (Subscription Required) : Source


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