The io Group and AXA Real Estate Investment Managers have announced the first closing of the European Industrial Partnership (EURIP), the high-yield cross border industrial property fund.
International institutions including PGGM; KPN Pension Fund; The Government of Singapore Investment Corporation (GIC); and members of the co-sponsors' Group, AXA, have committed to the initial target of EUR220m. The initial investment will be geared to fund an investment programme of up to EUR550m. The investment strategy of EURIP is to acquire built, income-producing industrial estates, to be branded and managed under the established io system, which offers units within multi-let estates on flexible terms. A future dimension of this fund is expected to include a development programme, similar to the io development programme in the UK.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
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Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.