ABP, the Dutch fund for civil servants that is one of the largest pension schemes in the world,  has formed a joint venture with Dallas-based Prentiss Properties Trust to focus on office property ownership and development in the US.

The partnership between the €144bn ($168.7bn) Dutch fund and the American real estate investment trust will seek to invest up to $510m based on a 51/49 contribution split between the two.

Pirkko Juntunen

Prentiss Properties Trust

JP Morgan

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ABP in US property joint venture

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