«IPD last night presented the 18 winners of its European Property Investment Awards after the Gala Dinner reception at its annual European Conference in Barcelona’s Hotel el Rey Juan Carlos I.
The Awards identify demonstrated and consistently measured real estate investment performance across 11 European countries, divided into two categories:
· Ten Balanced funds: Highest total return annualised over three years to December 2008; and:
· Eight Specialist funds: Highest total return, relative to the appropriated sector benchmark, annualised over three years to December 2008.
The Awards – determined by IPD using standardised data held in its extensive databases – recognise independently verified investment performance by pension and life funds, pooled funds, property investment companies and other professionally
managed real estate portfolios across Europe.
This year’s IPD European Property Investment Conference had a number of notable highlights including; how world governments can do more to help restore lasting market confidence and liquidity; where early opportunities lie within European property markets as well as the launch of the IPD 2008 Global Property Annual Index.
Ian Cullen, co-founding director of IPD, said: “The context in which this year’s winners receive their performance awards is as chaotic as we have ever recorded at IPD, and certainly the most extraordinary set of market conditions in the four years since their inception. The extent to which the participating countries have been affected by the global market turmoil has however been remarkably diverse across Europe, adding further support to our view that a three year measurement horizon is the right period over which to reward fund managers.”
IPD Press Release
5th June 2009
AWARD CATEGORIES & WINNERS
Austria
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: IG Immobilien Invest Portfolio
FUND MANAGER: IG Immobilien Gesellschaft m.b.H
France
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Caisse des Dépôts et Consignations
FUND MANAGER: AEW Europe
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: Mercialys
FUND MANAGER: Mercialys
Germany
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: UniImmo: Deutschland
FUND MANAGER: Union Investment Real Estate AG
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: SEB ImmoPortfolio Target Return
FUND MANAGER: SEB Investment GmbH
Ireland
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Friends First Unit Linked Fund
FUND MANAGER: F&C Ireland Limited
Italy
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Patrimonio Uno
FUND MANAGER: BNP Paribas REIM SGR
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: Corio Italia
FUND MANAGER: Corio Italia
Netherlands
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Syntrus Achmea - Butcher's Pension Fund
FUND MANAGER: Syntrus Achmea Vastgoed
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: ING Dutch Retail Fund Direct NV
FUND MANAGER: ING REIM
Norway
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Nordea Life & Pensions Norway
FUND MANAGER: Nordea
Portugal
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Fundo Fundimo
FUND MANAGER: Caixa Geral de Depositos
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: Imorendimento
FUND MANAGER: Imorendimento
Spain
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: ING Logistics Property Fund Ibérica
FUND MANAGER: ING Real Estate Investment Management
Switzerland
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: LO Holding - Lausanne-Ouchy SA
FUND MANAGER: LO Holding
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: Jelmoli
FUND MANAGER: Jelmoli Holding AG
United Kingdom
BALANCED FUND: Highest total return annualised over 3 years to Dec 08
WINNER: Zurich Assurance Ltd Zurich EW WP 90/10
FUND MANAGER: Threadneedle Property Investments Ltd
SPECIALIST FUND: Highest total return relative to the appropriated sector benchmark
annualised over 3 years to Dec 08
WINNER: Pollen Estate Trustee Company Ltd
FUND MANAGER: Drivers Jonas
To be considered, all funds must be members of the IPD Portfolio Analysis Service which provides investors with and independent audit of returns against the benchmark and a benchmark against the a relevant market or sector» (CS di IPD)
