Sampension completes office sale to JØP/DIP

first_imgVestas’ headquarters in Aarhus, now part of JØP/DIP’s property portfolioSampension cashes in on property strategySampension purchased the properties from Vestas, the main tenant, in February 2017 in partnership with Solstra Capital Partners.  Solstra has also sold its stake to JØP/DIP.The DKK266bn fund said its partnership with Solstra had “implemented a number of value-add activities and improvements, attracted new tenants and re-branded the entire complex”.Henrik Olejasz Larsen, investment director at Sampension, said: “Sales are now happening because we are in line with our business plan. As the market has also developed very favourably, we chose to sell the properties via a structured tender process to a number of selected Danish and foreign investors. “We can now look forward to a three-digit million profit in favour of customers in Sampension.”Following the sale, Sampension said it had invested DKK18bn in “properties and property funds both in Denmark and abroad”.Peter Winther, CEO at Colliers International, which advised on the transaction, said weaker economic growth meant there was “no reason for excessive optimism” about returns from property in 2019.“That said, we believe in a still quite healthy property market,” Winther said. “The demand for office, logistics and industrial premises is strong, and many investors want an increased allocation in these segments, where not much has been built in recent years.” “At a time when global equity markets are challenged, the property market is showing itself differently. Our property portfolio has yielded double-digit returns over the past year.”Svenstrup added that the two pension funds – which collectively manage DKK120bn (€16.1bn) – planned to increase their aggregate property allocation by as much as 50% over the next few years, from its currently level of approximately DKK6bn. Denmark’s Sampension has sold its stake in a Danish office complex in Aarhus to fellow pension funds DIP and JØP.The value of the two properties was not disclosed, but according to JØP – the Danish industry pension fund for lawyers and economists – the deal was one of the country’s largest commercial real estate deals conducted between pension funds.The buildings collectively have 62,000sqm of office space and have tenants including to Vestas Wind Systems, financial services company Alm Brand, and technology firms Cloudeon and Roku.Mikkel Svenstrup, investment director at JØP and DIP, the pension fund for Danish engineers, said: “For us, it is about ensuring that members have good stable returns on their pensions for many years to come. last_img read more

Study examines unnecessary medicine use in patients with advanced lung cancer

first_img Source: Reviewed by James Ives, M.Psych. (Editor)Sep 6 2018Individuals with advanced lung cancer often have other comorbid conditions, and many may be on complex, costly, and even inappropriate medication regimens. A new British Journal of Clinical Pharmacology study examined the extent to which such patients are prescribed medications with questionable benefit.In an analysis of information from two centers in the United Kingdom and the United States, the use of preventative medicines–drugs for diabetes, hypertension, hyperlipidemia, antiplatelet agents, and vitamins/minerals–was common at hospital admission and discharge for patients who died of lung cancer.In the UK site (125 people), the average number of preventative medications was 1.9 at admission and 1.7 at discharge, whilst in the US site (191 people) the average was 2.6 at admission and 1.9 at discharge. “There may be scope to develop an intervention that embraces the principles of deprescribing at the point of hospital discharge to reduce inappropriate prescribing in lung cancer patients,” the authors wrote.​ last_img read more