RREEF and Pirelli Real Estate have signed an agreement with private equity fund Cerberus to purchase German real estate group BauBeCon for €350m (£265m).
The deal will see Pirelli RE acquire 40pc and RREEF – the alternative investment management business of Deutsche Bank – the remaining 60pc of the firm’s real estate portfolio which consists of more than...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.