Merseyside Pension Fund invests in London co-living fund

first_imgMerseyside supports the fund’s “mission to deliver tangible social opportunities to the people it houses and the neighbourhoods where it invests. Its decision to proceed demonstrates that investment into the co-living sector has not been waylaid due to the COVID-19 pandemic”, DTZ said.With a focus on the London market, DTZ said, the fund helps address the capital’s housing shortage by increasing the supply of an innovative residential asset class.DTZ added: “Alongside the focus on social impact, a heavy emphasis is placed on positive environmental initiatives with the potential to drive down carbon emissions through the delivery of a sharing economy housing model in central and highly accessible locations, and the opportunity to increase the delivery and diversity of homes across London.”Kate Fearnley, head of investor relations for COLIV at DTZ Investors, said: “The team at Merseyside shares our view, and that of The Collective, that it is incumbent on real estate investors and managers to have a positive impact on society whilst striving to achieve a strong risk-adjusted return.“A further like-minded investor onboard will galvanise the fund’s efforts to provide a housing solution that responds to renters’ demands for convenient accommodation and society’s need for buildings and places that bring communities together.”Looking for IPE’s latest magazine? Read the digital edition here. Merseyside Pension Fund, with total assets worth £8.88bn (€9.7bn), has joined other investors, including the Strathclyde Pension Fund, in investing in a co-living fund managed by DTZ Investors.The Liverpool-based local authority pension fund confirmed the undisclosed investment which gives asset owners such as Merseyside Pension Fund the opportunity to invest in the London large-scale purpose-built co-living sector.COLIV, DTZ’s fund, which has £170m of capital to invest (assuming leverage), was launched in October last year with DTZI as the investment adviser and The Collective, the leading global co-living operator and developer, acting as asset and property manager, it announced.The fund is seeking to provide investors with an attractive core-plus return of 8-10% p.a., and intends to build a portfolio of best-in-class large-scale co-living assets in London over a four-year investment period, it said.last_img read more

Ervinna “Winnie” Drewes, age 89

first_imgErvinna “Winnie” Drewes, of Blooming Grove, Indiana died Friday, February 19, 2016 at her residence.Born February 19, 1927 in Franklin County, Indiana she was the daughter of the late Ervin & Pauline (Baudendistel) Kolb.She was retired from Sperry Rubber & Plastic Co. after 38 years in the Accounting Department. She was a member of St. Michael the Archangel Catholic Church.Survivors include a daughter & son-in-law, Shirley & Ed Peters of Metamora, Indiana; four sons, Earl “Butch” Sawyer of Brookville, Indiana, Steve (Angie) Sawyer of Defuniak Springs, Florida, David (Carrie Maples) Sawyer of Blooming Grove, Indiana, Bruce & Joann Sawyer of Jacksonville, Florida; 13 grandchildren, Eddie Peters, DeDe Marshall, Angie Getz, Stephanie Field, Lisa Bedel, Stephen Sawyer Jr., Michael Sawyer, Kelly Trotter, Derek Sawyer, Katy Sawyer, Misti Sawyer, Kristin Sawyer, and Brittany Sawyer; 11 great-grandchildren; several great-great grandchildren; four sisters, Margaret Smith of Poplarville, Mississippi, Barbara Smith of Brookville, Indiana, Karen Prentice of Milan, Indiana and Olla Mae Padgett of Connersville, Indiana; two brothers, Leo Kolb of Brookville, Indiana and Donald Cummins of Metamora.She was preceded in death by her parents, her husband, William “Bill” Drewes, whom she married Sept. 17, 1971, he died June 10, 2002; a sister, Betty Johnson; three brothers, Mike Kolb, Bob Kolb and Harold Cummins.Funeral Services will be conducted at 10:00 A.M. on Tuesday, February 23, 2016, at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville. Burial will then follow in St. Michaels Catholic Cemetery in Brookville.Family & friends may visit from 8:00 A.M. until 10:00 A.M. on Tuesday, February 23, 2016 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Memorial contributions may be directed to St. Michael’s School. Phillips & Meyers Funeral Home is honored to serve the family of Winnie Drewes, to sign the online guest book or send personal condolences please visit www.phillipsandmeyers.com .last_img read more

Limerick beat Waterford in Munster Senior Hurling League

first_imgThe Shannonsiders claimed a 3-16 to 1-17 win at the Gaelic Grounds.TJ Ryan’s side have now progressed to the final of the pre-season tournament where they win face Clarelast_img