Funds turn to property deals

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US/JAMAICA - The US$10.8bn Public Employees Retirement System of Idaho (PERSI) has signed a US$40m deal in partnership with the Koll Company to take over a California business park.

The $39.9m transaction has seen PERSI and Koll acquire the 313,000 square foot College Business Park between Los Angeles and San Bernardino counties, consisting of 17 single-story industrial and of...

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