AEGON Scottish Equitable has become the first major pension provider to offer a direct hotel room purchase through a pension fund. The Edinburgh-based unit of the Dutch insurance giant AEGON has added GuestInvest, the UK buy-to-let hotel company, to its Self Invested Personal Pension (SIPP) investments, in what is said to be only the first step of a phased expansion of its SIPP property portfolio.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
