15.07.2009 - Dutch pension fund SBZ begins direct portfolio sell-off
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