Dutch pension fund giants ABP and PGGM booked steep losses on their property holdings in 2008 as property markets deteriorated worldwide in the wake of the credit crisis. Civil service pension fund ABP, one of the world's biggest pension funds, posted a loss of 30% on its portfolio while healthcare sector pension fund PGGM suffered a loss of 20.2%.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
