NETHERLANDS - Dutch pension funds held €15.3bn (US$22.2bn) in direct real estate investments as of the third quarter 2009, new figures by De Nederlandsche Bank (DNB), the Dutch central bank, showed.
The portfolios are nearly entirely invested in the Netherlands, with a mere 1.5% invested overseas, primarily the US. Pension funds allocate about 54% of their real estate portfolios to resident...
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