ING Dutch Retail Fund has won a EuroProperty Investment Award for having generated the highest total return over a three-year period in the Dutch fund sector compared with the industry benchmark. "We are delighted with the award, which recognises the fund that has shown the greatest out-performance. And that is exceptional for a core fund with a low risk profile such as ING Dutch Retail Fund," said Jan Vermaas, Head of European Funds, ING Real Estate.
Montevideo Tower, Rotterdam
The Montevideo Tower in Rotterdam captured the award for 'Best Development in the Netherlands' at the 13th edition of the prestigious International Property Awards, the organisers of which include CNBC, The New York Times Real Estate and International Homes.
The high-rise development contains 192 apartments, 7,300 m² of commercial space and 275 parking spaces. Dutch property fund Vesteda owns 74 apartments. The other apartments have been sold to private owners. Another Dutch company, Mn Services, which provides investment management services to pension funds, owns the commercial space.
St. Stephen's shopping centre, Hull
St. Stephen's shopping centre in Hull has been nominated for the 2007 Regeneration Awards in the 'Best Mixed-use Regeneration Project' category. The shopping center, which opened earlier this month, comprises 50,600 m² of retail and leisure space and includes space for cultural activities. St. Stephen's shopping centre borders the revitalized Paragon Station public transport hub, which opened at the same time as the new shopping center. St. Stephen's will also be home base to a theatre company and a city music school. Researchers have predicted that St. Stephen's will significantly boost turnover in the Hull city center of Hull as well as generating 2,500 new jobs.
Source: ING Real Estate