US/JAMAICA - The US$10.8bn Public Employees Retirement System of Idaho (PERSI) has signed a US$40m deal in partnership with the Koll Company to take over a California business park.
Armando Enriquez, acquisitions manager, Koll, said: "This was an opportunity to acquire one of the largest multi-tenant business campuses in Southern California. This variety of product appeals to a diverse set of tenant types and the diversification helps limit risk exposure to any one tenant type."
Also, the trustees of the Jamaican Cable and Wireless (C&W) pension fund have placed four properties up for sale as part of a strategic realignment of the funds portfolio.
Three of the properties, based in New Kingston, include an office complex, shopping centre and land for development, while the fourth is a shopping venture situated in Montenegro Bay.
The fund said the properties would sold to the highest bidder through a sealed bid process, closing 12 September.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.
Smart Pension has absorbed more than 6,500 members from the Corporate Pensions Trust (CPT) after its trustees decided not to apply for authorisation.
The Defined Contribution Investment Forum (DCIF) has reappointed Vivek Roy as chairman for 2019 following a vote at its annual general meeting last November.