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Progress redirects Unilever’s real estate

Posted on 31 October 2008

From IPE: Progress, the €4bn Dutch pension fund of Unilever Netherlands, is altering its real estate strategy by replacing direct real estate holdings with indirect real estate investments.

Offiicial at Progress, which had €587m worth of real estate investments at the end of 2007, said market conditions mean the fund is no longer big enough to invest in direct real estate….. Full Article: Source


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