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BVK Pension Fund Faces $1B Lawsuit | Real Estate News
Deutsche Finance America is suing Germany’s largest pension fund, BVK, over alleged mismanagement of a $2.3 billion U.S. real estate portfolio that included iconic buildings like the Transamerica Pyramid and the Coca-Cola Tower—claiming BVK’s direct involvement in deals violated German law and cost them over $1 billion. The lawsuit accuses BVK of defying its own regulations by micromanaging investments, even as it publicly denied operational control, while also seeking damages for defamation and fee withholding after a $200 million loss on the Transamerica sale. With nearly three million…
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