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.
This week's Pensions Buzz respondents were mostly in agreement that 10 weeks is an appropriate length of time to conduct a full DB to DC transfer.
In this week's Pensions Buzz, we want to know if you think Guy Opperman will stay in post as pensions and financial inclusion minister under the new prime minister.
The City and County of Swansea Local Government Pension Scheme (LGPS) will swap around a quarter of its assets to a low-carbon fund by the end of the month, it has announced.