Pursuits
Dutch Pension Fund Manager Bets on Downtown Stores as Rents Rise
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The manager of the world’s third-largest pension fund increased its investments in Dutch city-center stores after retail properties beat other types of commercial real estate in the Netherlands last year.
APG Algemene Pensioen Groep NV invested about 200 million euros ($261 million) in the Dutch Prime Retail Fund run by insurer ASR Nederland NV’s property-management arm, said Patrick Kanters, who oversees APG’s 28 billion euros of real estate investments.