Kames Capital has been given two indirect property mandates worth 拢153m (鈧�194m).
The Aegon subsidiary declined to reveal who awarded them.
A corporate pension fund, it said, awarded it a 拢103m mandate, while a university pension scheme awarded a 拢50m mandate.
The former is fully invested.
Last year, Kames, which has 拢51.7bn under management, was given a 拢85m mandate by the Kelda Group Pension Plan.
The Coca-Cola Enterprises Pension Scheme awarded Kames a 拢32m indirect property mandate from its 拢750m Coca-Cola Enterprises Pension Scheme, as well as 拢19m of equity for investment.
The mandate was transferred from CBRE Global Multi-Manager last July.
Mark Bunney, Kames鈥檚 head of indirect property, told IP Real Estate the UK secondary market had been active for some time, as a consequence of renewed appetite for real estate.
He said: 鈥淧rices have increased in the last 12 months, moving the market from a discount to NAV to, in some cases, a premium to NAV. That reflects the increased demand for property.鈥�
He said Kames has used the secondary property to invest a 鈥渓arge cash allocation鈥� for a previous client, making a substantial saving compared with a full offer on the primary market.
Kames indirect property team of Bunney, Matt Day and Tony Yu joined the business in 2012 from ING REIM, taken over by CBRE GI in 2011.
