New Ireland Property

The Pension Property Fund (2) invests mainly in a range of commercial properties, including office, industrial, retail and other property types. It also may invest indirectly through third-party property funds and Real Estate Investment Trusts (REITs). The fund holds property exposures across Ireland, the United Kingdom and mainland Europe, with some cash as part of the portfolio.

The Pension Property Fund (2) is exposed to a mix of named commercial buildings and property funds rather than a single sector or location. Its top holdings include assets in Paris, London, Dublin and Amsterdam, as well as Windwise Property Fund. This gives the fund a diversified property mix across office and other commercial real estate markets.

The Pension Property Fund (2) is intended for medium to long-term investing, with a recommended horizon of at least 5 to 7 years. That longer time frame is important because property values can rise and fall over time. It is generally aimed at investors who can accept that short-term fluctuations may occur.

The Pension Property Fund (2) carries the usual risks of property investing, including the possibility that property values and income can fluctuate over time. Its factsheet also highlights sustainability risks, which means environmental or social factors could affect the value or performance of the properties it holds. The fund is rated 5 on the seven-point risk scale used by New Ireland, indicating a higher risk profile than lower-rated funds.

Yes. The Pension Property Fund (2) no longer has a deferral period for investing into or out of the fund. That means investors do not have to wait for a set deferral window before transactions are processed. The fund remains open and is managed actively by State Street Investment Management.