UK - Schroder Property Investment Management has bought three properties worth a combined total of £50m.
The firm has acquired the Vicarage Field Shopping Centre in Barking, East London in a joint venture with Chester Properties’ second investment partnership fund for £40.6m. The shopping centre was acquired from Vicarage Fields Partnership, which is operated by HSBC Property Fund Management.
At Droitwich, Schroders has acquired a vacant distribution warehouse in a joint venture with Wrenbridge Developments. The final acquisition, which is based in Bedford, is a 200-acre former airfield that was bought jointly by Schroders and Frontier Estates for an undisclosed sum.
Schroders executive director Joe Froud said: “These three acquisitions illustrate the depth of opportunistic projects available to invest in.”
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.