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.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
