Cordares, the Amsterdam-based pensions provider, has said it is considering setting up direct real estate pooled funds with pension funds to initially target the Danish, German and Belgian markets, the website of Investment and Pensions Europe (IPE) reported. Cordares real estate director Geert de Nekker told IPE the move would be a way to diversify risks.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
