IPD announced the winners of its European Property Investment Awards for 2013. The awards recognised outperformance over a three year period to the end of 2013.
Determined by IPD’s standardised performance measurement procedures, the awards recognised independently verified investment performance by pension and life funds, pooled funds, property investment companies and other professionally managed real estate portfolios across Europe.
To be eligible for the annual awards, all funds must be measured by IPD’s Portfolio Analysis Service, which provides investors with an independent audit of returns against a relevant market or sector benchmark. The awards identified consistently measured real estate investment performance in seven national markets and three European regions across two categories:
• Balanced funds with the highest total return relative to the IPD All Property benchmark annualised over 3 years
• Specialist funds with the highest total return relative to the IPD sector benchmark annualised over 3 years
Laurent Ternisien, Managing Director, IPD said: “2013 was a challenging year for investors in European property markets, and in this period of uncertainty and in this environment, those fund managers who ranked highly on performance compared to their peers made a highly-valuable contribution to their investors, through a period of considerable uncertainty.
“We would like to congratulate all of the award winners and wish them and their peers all the very best for a successful 2014 and we look forward to presenting all of our winners with their awards at the Annual IPD European Conference in Brighton this coming November.”
Award categories & winners national markets
Central & Eastern Europe
Balanced: AEW Europe
Specialist: Pradera
France
Balanced: Weinberg Capital Partners
Specialist: AEW Europe
Germany
Balanced: Allianz Real Estate
Specialist: Alstria Office REIT-AG
Portugal
Balanced: Square Asset Management SGFII, SA
Specialist: Selecta - SGFII, SA
Spain
Balanced: Testa Inmuebles en Renta SA
Specialist: Pradera Management Spain
Ireland
Balanced: Irish Property Unit Trust
Italy
Balanced: Generali Immobiliare Italia SGR
Specialist: Corio Italia Srl
Netherlands
Balanced: Airport Real Estate Management BV
Specialist: Bouwinvest REIM BV
Scandinavia
Balanced: UNION Eiendomskapital
Specialist: KIRKBI A/S
Switzerland
Balanced: Allianz Suisse Immobilien AG
Specialist: Pensimo Management AG
UK Awards (joint winners)
Balanced: South Yorkshire Pensions Authority
Specialist: Dorrington PLC
Specialist: Cadogan Estates
Pan-European Property Fund Index: CBRE Global Investors
For full details of award winners visit the Awards webpage
