IPD has announced the winners of its European Property Investment Awards at a ceremony in Lisbon. The annual awards recognise outperforming regional European funds over a three year period. The standardised performance measurements apply to pension and life funds, property investment companies and other professionally managed property portfolios.
In order to be eligible for the awards, funds are measured by IPD’s Portfolio Analysis Service, which provides investors with an independent audit of returns. The awards identify consistency across two categories;
The CEE Fund Awards in the balanced category went to the IMMOFINANZ portfolio, managed by the IMMOFINANZ GROUP. The Specialist Fund Award was picked up by the Pradera Central & Eastern Fund, managed by Pradera.
The UK Fund Awards went to the South Yorkshire Pensions Authority Fund in the balanced category and by the X-Leisure Fund in the specialist category. The Pan-European Fund Award was picked up by Encore + managed by Aviva Investors and LaSalle Investment Management.
Speaking at the ceremony, IPD director Peter Hobbs said; “These awards represent the pinnacle of achievement for portfolio performance across a range of markets.
“The winners have outperformed their peers, sometimes by a significant margin across a large number of portfolios, over not just one or two, but over three years.”
Hobbs concluded by highlighting the difficulty of maintaining performance over this timescale and congratulating the winners on their achievements.
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