Pension Fund Transport (DHL Netherlands) awards advisory mandate to Almazara | Real Assets Advisory

As of July 1, 2012, Pensioenstichting Transport, the corporate pension fund for DHL PST_logo_70_hoogNetherlands and other Deutsche Post’s Dutch subsidiaries, has appointed Almazara | Real Assets Advisory as its advisor, with specific responsibility for portfolio management of its non-listed real estate investments. Edwin Zwiers, PST’s controller, said: “While we are satisfied with our real estate investment and our real estate managers, the portfolio does require oversight by a specialized and experienced team. We’re confident that Almazara and its team will do the job, and enable PST to be in full control.” PST has total assets of close to €800m, of which currently approximately €100m invested in real estate. Bas van den IJssel, one of Almazara’s partners, commented: “PST has invested in real estate with a predominantly core profile because of its diversification potential and its direct income. It is our job to ensure that the portfolio performs in line with that risk profile”.