Best Investor from Nordic Countries
Sponsored by PATRIZIA Immobilien AG
Winner: AP Pension
Judge’s comment: “Exciting and fresh approach with ground-breaking investments in Danish farmland. AP Pension is not afraid to take on risk, treating this new niche with respect”
Shortlist:
DNB Life
Etera Mutual Pension Insurance Company
Nordea Liv & Pension
PenSam
PKA
Investment in Latin America
Sponsored by GTIS Partners
Winner: Canada Pension Plan Investment Board
Judge’s comment
“A serious long-term investor in Latin America that opened an office in Sao Paulo in 2014 to gain insight and business connections as well as source and manage complex investment opportunities in the region”
Shortlist:
Ivanhoé Cambridge
PGGM
Best Investor from UK & Ireland
Sponsored by TIAA Henderson Real Estate
Winner: The Crown Estate
Judge’s comment “The Crown Estate has a commercial mandate to optimise returns and an overriding vision to be a progressive commercial business creating significant value beyond financial returns”
Shortlist:
NEST Corporation
Pension Protection Fund
Santander UK Group Pension Scheme
Opportunistic Strategy
Sponsored by Morgan Stanley Real Estate Investing
Winner: Texas Permanent School Fund
Judge’s comment “An extremely thoughtful and articulate strategy that considers market conditions and the relative merits of over and underweighting core. A great example of how all institutions should approach their real estate allocations”
Shortlist:
Frjálsi Pension Fund
Ivanhoé Cambridge
Teacher Retirement System of Texas
Best Investor from Austria / Germany / Switzerland
Sponsored by Tristan Capital Partners
Winner: Ärzteversorgung Westfalen-Lippe
Judge’s comment "Identification of real estate opportunities and trends across the risk-return spectrum. Such diversification enables the pension fund to profit from anti-cyclical and well timed investments"
Shortlist:
APK Pensionskasse
WPV
Listed Strategy
Sponsored by Standard Life Investments
Winner: PGGM
Judge’s comment “Excellent and consistent strategy with proven outperformance as well as global reach and a hands-on approach”
Shortlist:
Bouwinvest REIM
Employees Retirement System of Texas
Ivanhoé Cambridge
NEST Corporation
Indirect Strategy
Sponsored by Rockspring PIM
Winner: Employees Retirement System of Texas
Judge’s comment
“Clear investment rationale and strategy based on an on interesting ‘hub and spoke’ model and an effective mix of traditional and innovative assets”
Shortlist:
Pension Protection Fund
PFA Pension
Teacher Retirement System of Texas
Texas Permanent School Fund
Best Investor from Benelux & France
Sponsored by La Française
Winner: PGGM
Judge’s comment
“A sophisticated investment model with good risk management and ample attention to ESG helping to spread better standards to developing countries”
Shortlist:
Bouwinvest REIM
Integrale
Rabobank Pensioenfonds
SPF Beheer
UMR Corem
Best Investor from North America
Sponsored by Clarion Partners
Winner: Canada Pension Plan Investment Board
Judge’s comment “Extremely comprehensive entry. CPPIB is a very thoughtful investor, leveraging their size and scale to invest heavily in significant long-term partnerships, and developing its global platform”
Shortlist:
Healthcare of Ontario Pension Plan
Ivanhoé Cambridge
Teacher Retirement System of Texas
Texas Permanent School Fund
UPS Group Trust
Best Investor from Asia Pacific
Sponsored by Union Investment Institutional Property GmbH
Winner: National Pension Service
Judge’s comment “A highly diversified approach plus a well-conceived risk management strategy combine to achieve excellent results, especially overseas”
Shortlist:
Employees Provident Fund
Portfolio
Sponsored by Union Investment Institutional Property GmbH
Winner: PenSam
Judge’s comment “One of the most intelligent and clever strategies I have ever seen! I read it over and over and it is a clear winner, despite some bigger funds taking part”
Shortlist:
Canada Pension Plan Investment Board
The Crown Estate
Etera Mutual Pension Insurance Company
Healthcare of Ontario Pension Plan
Nordea Liv & Pension
Texas Permanent School Fund
Best Investment Consultancy (Gold Award)
Sponsored by AXA Real Estate
Winner: Finance Ideas
Judge’s comment “Wide ranging experience in this small team of six, with a simple and transparent fee structure, and case studies very well explained and varied in their nature”
Shortlist:
Crosswater Realty Advisers
Grontmij Capital Consultants
Mercer
Redington
The Townsend Group
Direct Strategy
Sponsored by Grosvenor Fund Management
Winner: The Crown Estate
Judge’s comment “Within the market it operates, The Crown Estate takes an advanced approach, combining partnerships, sustainability and place-making. The ultimate direct investor – stellar assets, good development pipeline and excellent returns”
Shortlist:
Canada Pension Plan Investment Board
Healthcare of Ontario Pension Plan
Ivanhoé Cambridge
PenSam
PFA Pension
Santander UK Group Pension Scheme
Infrastructure Strategy
Sponsored by Wealth Management Capital Holding GmbH
Winner: PensionDanmark
Judge’s comment
“A role model for others to follow. PensionDanmark is a well diversified and active investor, with a meaningful 10% infrastructure target based on a stable, disciplined and well executed strategy”
Shortlist:
Bayerische Versorgungskammer
Inarcassa
Industriens Pension
PKA
Core Strategy
Sponsored by Invesco Real Estate
Winner: Ivanhoé Cambridge
Judge’s comment “Use of scale to benefit from market cycles and local partners in an innovative approach to acquisitions, and a strategy to cash in on a liquid market by selling when the markets were prime”
Shortlist:
Bouwinvest REIM
Canada Pension Plan Investment Board
The Crown Estate
Etera Mutual Pension Insurance Company
Industriens Pension
Rabobank Pensioenfonds
Texas Permanent School Fund
Debt Strategy
Sponsored by AEW Europe
Winner: Bayerische Versorgungskammer
Judge’s comment “A well articulated strategy that recognises the importance of skills and resourcing. Clearly explained due diligence process and innovative joint-venture structure with banks for infrastructure lending”
Shortlist:
APK Pensionskasse
Canada Pension Plan Investment Board
PenSam
Sustainable Strategy
Sponsored by GreenOak Real Estate Advisors LLP
Joint winner:
The Crown Estate
Judge’s comment “Its philosophy is clearly articulated and supported by measurable objectives across the corporate social responsibility spectrum. The Crown Estate also provided strong examples demonstrating excellent leadership”
Joint winner:
Healthcare of Ontario Pension Plan
Judge’s comment “A cogent and well articulated summary of its strategy, outlining clearly defined benchmarks, key performance indicators, reporting, monitoring and an impressive communication policy”
Shortlist:
ATP Real Estate
Bouwinvest REIM
Ivanhoé Cambridge
Best Investor from Other Countries & Regions
Sponsored by CORESTATE Capital AG
Winner: Fondazione ENPAM
Judge’s comment “Looks solid, with investment into retail at an attractive yield. Supported by a sizeable team to monitor and manage the associated risks as well as buying and selling landmark estates”
Shortlist:
Frjálsi Pension Fund
Inarcassa
Value-added Strategy
Sponsored by Tishman Speyer
Winner: Santander UK Group Pension Scheme
Judge’s comment “A very well conceived strategy that is innovative and focused on the right deals to fit its size and objectives with an active style and approach”
Shortlist:
Canada Pension Plan Investment Board
Healthcare of Ontario Pension Plan
Ivanhoé Cambridge
Nordea Liv & Pension
Best Small Institutional Investor (Gold award)
Sponsored by M&G Real Estate
Winner: APK Pensionskasse
Judge’s comment
“A most interesting and refreshing analysis of the implications for of the current low interest rates for a real estate investor. APK continues to outperform the majority of its Austrian peers”
Shortlist:
Frjálsi Pension Fund
NEST Corporation
Best Medium Institutional Investor (Gold award)
Sponsored by Syntrus Achmea Real Estate & Finance
Winner: Pension Protection Fund
Judge’s comment “A well diversified and flexible strategy with a focus on manager relationships. Its global approach, conviction and clear views are all positives”
Shortlist:
CERN Pension Fund
WPV
Best Large Institutional Investor (Gold award)
Sponsored by KGAL - Real Investments
Winner: Canada Pension Plan Investment Board
Judge’s comment
“CPPIB has made use of its size to build a global portfolio in core geographies and emerging markets based on joint ventures and partnerships with key regional players, providing access to a variety of opportunities and major schemes”
Shortlist:
The Crown Estate
Employees Retirement System of Texas
Healthcare of Ontario Pension Plan
Ivanhoé Cambridge
National Pension Service
PGGM
Santander UK Group Pension Scheme
Teacher Retirement System of Texas
Texas Permanent School Fund
Outstanding Industry Contribution (Platinum award)
Sponsored by LaSalle Investment Management
Winner: Patrick Kanters, Managing Director Global Real Estate & Infrastructure, APG Asset Management
Judge’s comment “Impressive career record and sense of responsibility. Kanters is an industry icon who runs a sophisticated organisation with a thoughtful strategy and management”
Shortlist:
Peter Hobbs, Managing Director, MSCI
Karsten Kallevig, Chief Investment Officer Real Estate, Norges Bank Investment Management
Liz Peace, former Chief Executive Officer, British Property Federation (2002-2014)
Matthias Thomas, Chief Executive Officer, INREV
Best Global Real Estate Investor (Platinum award)
Sponsored by CBRE Global Investors
Winner: Canada Pension Plan Investment Board
Judge’s comment
“Extremely strong with impressive returns recognising the challenges associated with the size of its asset base. Strong risk management drives a truly global strategy with significant investment activity and thoughtful investment thematics across developed and emerging markets, such as the US, UK, Germany, the Nordics, Japan, China and Brazil”
Shortlist:
Healthcare of Ontario Pension Plan
Ivanhoé Cambridge
National Pension Service
PensionDanmark
PGGM
Texas Permanent School Fund
