IPD last night presented the winners of its European Property Investment Awards during the gala dinner reception at its 15th European Property Investment Conference.
The annual awards, presented by IPD’s Peter Hobbs and Laurent Ternisien, recognized regional European funds that outperformed during the three years to December 2012. Speaking at the awards ceremony in Lisbon, Hobbs said, “These awards represent the pinnacle of achievement for portfolio performance across a range of markets – the winners have outperformed their peers, sometimes by a significant margin across a large number of portfolios, over not just one or two, but over three years. It is clearly exceptionally difficult to deliver such outperformance over that timescale, so the portfolio managers and their teams deserve many congratulations for such achievements”.
Determined by IPD’s standardized performance measurement procedures, the awards recognize 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 were 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 identify consistently measured real estate investment performance in European regions across two categories:
Balanced: highest total return relative to the IPD All Property benchmark annualized over 3 years to December 2012
Specialist: highest total return relative to the IPD sector benchmark annualized over 3 years to December 2012
AWARD CATEGORIES & WINNERS:
CEE Fund Awards
Balanced Fund Fund: IMMOFINANZ CEE Portfolio Fund Manager: IMMOFINANZ GROUP
Specialist Fund Fund: Pradera Central & Eastern Fund Fund Manager: Pradera
France Fund Awards
Balanced Fund Fund: Caisse Centrale de Réassurance Fund Manager: Caisse Centrale de Réassurance
Germany Fund Awards
Balanced Fund Fund: grundbesitz Europa Fund Manager: RREEF Investment GmbH
Specialist Portfolio Portfolio: alstria office REIT-AG Company Name: alstria office REIT-AG
Iberia Funds Award
Balanced Fund Fund: CA Património Crescente Fund Manager: Square Asset Management SGFII, SA
Specialist Fund Fund: Fundo ImoSocial Fund Manager: Selecta SGFII, SA
Ireland Funds Awards
Balanced Fund Fund: State Street Global Advisors Exempt Property Unit Trust Fund Manager: State Street Global Advisors Ireland Limited
Specialist Fund Fund: Irish Property Unit Trust (IPUT) Fund Manager: Irish Property Unit Trust
Italy Fund Awards
Balanced Fund Fund: Eracle Fund Manager: Generali Immobiliare Italia SGR
Specialist Fund Fund: Etrusco Distribuzione Fund Manager: Fabrica Immobiliare SGR
Netherlands Fund Awards
Balanced Fund Fund: Airport Real Estate Basisfonds C.V. Fund Manager: Schiphol Real Estate
Specialist Fund Fund: Bouwinvest Dutch Institutional Office Fund NV Fund Manager: Bouwinvest BV
Scandinavia Fund Awards
Balanced Fund Fund: Rom Eiendom IPD Portfolio No 3808 Fund Manager: Rom Eiendom AS
Specialist Fund Fund: KIRKBI Invest A/S Fund Manager: KIRKBI A/S
Switzerland Fund Awards
Balanced Fund Fund: Allianz Berner Pensionskasse Fund Manager: Allianz Suisse Immobilien AG
Specialist Fund Fund: Anlagestiftung Turidomus Casareal Fund Manager: Pensimo Management AG
UK Fund Awards
Balanced Fund Fund: South Yorkshire Pensions Authority Fund Fund Manager: South Yorkshire Pensions Authority
Specialist Fund Fund: X-Leisure Fund Fund Manager: The X-Leisure Unit Trust
Source: IPD
