- Dutch asset manager Achmea Real Estate has acquired 517 homes and approximately 1,580 square metres of commercial and community space in the SoZa development in The Hague from property developer and contractor VORM on behalf of PME Pensioenfonds.

The homes are part of the redevelopment of the former Ministry of Social Affairs site on Anna van Hannoverstraat. The site will be turned into a new urban district comprising nearly 1,200 homes, offices and amenities. The purchase includes three buildings containing a total of 114 student homes, 135 mid-range rental homes, and 268 private-sector rental homes. The project is expected to help increase the available housing for various target groups in The Hague. The zoning plan for SoZa has recently been finalised and the handover has been completed. After the demolition of the existing building, work on the first phase of the project will commence, with the homes scheduled for completion in 2030. Commenting on the news, PME executive director, Marcel Andringa, said: “With this investment, we are adding a significant number of homes to our portfolio… we are helping to address the housing challenge in the Netherlands whilst simultaneously generating a stable long-term return for our members.”

- Aviva Investors has provided €33m in financing towards the development of two purpose-built student accommodation schemes in Valencia, Spain.

When complete, the accommodation schemes will provide 342 beds and are being developed as part of a joint venture between Amro Partners and Invesco. The schemes will be spread across two sites and are expected to include dedicated study space, gym, cinema, and food and beverage facilities. Aviva Investors confirmed that all rooms will be offered as accommodation only, half-board, or full-board, intending to provide a range of options for students with different budgets. The schemes are located in the Benicalap district of Valencia, north of the city centre. They are close to local bus and tram networks and a short commute to both the University of Valencia and the Polytechnic University of Valencia campus sites. Construction is already underway and is expected to be completed for the student intake ahead of the 2028/29 academic year. The facility is Aviva Investors’ second student accommodation financing as part of its Multi-Sector Private Debt strategy. The first property was the provision of a green loan in May towards the construction of a 283-unit purpose-built student accommodation scheme in Elephant & Castle, London.

- Italy’s Pension Funds Supervisory Commission (COVIP) has announced updates to the articles of association and regulations for supplementary pension schemes following recent regulatory changes.

Law No. 199 of 30 December 2025 introduced major changes to Italy's supplementary pension legislation under Legislative Decree No. 252 of 5 December 2005, particularly concerning pension benefits and automatic enrolment into pension schemes. COVIP issued detailed guidance in June through three resolutions covering how automatic enrolment should operate, instructions regarding the minimum criteria to be met by the investment pathways and strategies and updated rules on pension benefits. Most amendments may be adopted directly by pension fund governing bodies and notified to COVIP, while certain funds are exempt from automatic enrolment provisions. Meanwhile, COVIP chairman, Mario Pepe, said that the funds in a transitional situation should submit their amended articles of association to COVIP. These documents must describe how the fund will invest contributions received through automatic enrolment during the transition period, make clear that these rules are only temporary, and explain what investment arrangements will apply once the transition period has ended.

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