KLP buys stake in CBRE fund

Norway’s biggest pension fund has invested in two real estate funds, one of which is focused exclusively on Norwegian logistic buildings.

KLP's Andreas Landsverk Farberg | Photo: KLP

KLP has invested in two new real estate funds. Norway’s biggest pension fund has bought an around EUR 100m share from an existing investor in the fund entitled CBRE Pan-European Core Fund, or PEC, in a second-hand transaction.

Being one of the biggest funds of its kind in Europe, PEC’s real estate portfolio of around NOK 70bn (EUR 6.9bn) consists of office buildings, commercial real estate, hotels, logistic buildings and rentals across 11 European countries, mainly located in northern and western Europe.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Wide range of AUM declines among Nordic asset managers in Q2

Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch