The contract for the design, build, finance and maintenance of the Afsluitdijk Project in the Netherlands has reached Financial Close successfully yesterday afternoon (May 29, 2018).
Amsterdam, PGGM Private Real Estate and Redevco, one of Europe’s leading retail real estate investment managers have launched Urban Retail Ventures, a €550 million European commercial real estate joint venture.
OPTrust, PGGM and USS, current shareholders in Globalvia, have announced their commitment to deploy an additional EUR 1.0 billion into transport infrastructure projects globally.
PGGM has nominated Hans Op ‘t Veld (44) as head of Responsible Investment (RI). Hans is taking responsibility for the RI-team as of May 1, 2018 and will report to the two co-CIO’s of PGGM Investment management. Currently Frank Roeters van Lennep, CIO Private Markets, is managing RI on an interim basis.
Rijkswaterstaat (part of the Dutch Ministry of Infrastructure and the Environment and responsible for the design, construction, management and maintenance of the main infrastructure facilities in the Netherlands) has awarded the Afsluitdijk project to the Levvel consortium.
The PGGM Supervisory Board has decided to appoint Edwin Velzel as the new CEO of the pension fund service provider, subject to the approval of the regulators. Velzel will take up his post on 1 November 2017.
Commitment to invest in ‘tech hot spots’ real estate
On 1 November 2017, Else Bos will resign as Chief Executive Officer at PGGM to take on a new position elsewhere. Her new employer will be announced in due course.