EUROPE - Rutley European Property Limited (REPL) is to list on the London and Channel Islands Stock Exchanges and raise up to £200m through a public share offer.
The real estate investment company said it aimed to generate a geared internal rate of return of at least 12% by investing in European commercial properties in the office, industrial and retail sectors.
Geographically speaking, the investment focus is on Germany, Poland, the Czech Republic, Hungary, Belgium, Switzerland and the Netherlands. In property terms, Rutley Capital Partners is looking for assets that have the potential for rental growth and/or yield compression and the potential for enhanced returns via active property management.
REPL is currently a private Guernsey company owned mainly by institutional investors. It has already acquired and/or committed to acquire a portfolio of 12 properties in Germany and Poland for around £108m and has additional properties worth £167m in Poland, the Czech Republic and Belgium in the pipeline.
Richard Wohanka is to chair The Pension Superfund's trustee board, working alongside professional firm 2020 Trustees to safeguard members' benefits.
Four people behind a £13.7m cold-calling scam which cost 245 people their savings have been banned from being pension scheme trustees by The Pensions Regulator (TPR).
The Pensions Administration Standards Association (PASA) has launched its latest round of guidance for guaranteed minimum pensions (GMPs).