Issue 2013 February 26th

This issue was created on 2013-02-26 14:35:00

  • Swedish pensions fund buys grocery store portfolioFebruary 26, 2013
Swedish state pension fund AP3 has bought more than 70 local retail properties from Axa Real Estate for €118m just a day after announcing returns of 14.8% on its real estate portfolio. According to the buffer fund annual results for 2012, assets under management rose to an all-time high of €275m over the past year, aided mainly by a 17.4% return on its equity holdings, which resulted in a 10.7% overall return.
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