is taking over the management of Greater Manchester Pension Fund鈥檚 (GMPF) 拢700m (鈧�814m) UK real estate portfolio which was previously managed by LaSalle Investment Management.
Schroders said its real estate arm has won the bid to manage the 拢22bn pension fund鈥檚 diversified portfolio of direct real estate assets in various sectors including industrial, office, retail and hotels.
Sophie Van Oosterom, the global head of real estate at Schroders Capital said GMPF is a 鈥渒ey strategic client for our real estate business and we look forward to delivering on its investment strategy and objectives鈥�.
Nick Montgomery, the head of UK investment at Schroders Capital said: 鈥淭his is a fantastic win for the business and follows continued outperformance for clients across our UK real estate portfolios.鈥�
Claire Glennon, co-head of UK and Ireland institutional at Schroders, said: 鈥淔or over 30 years Schroders has been working in partnership with local authorities to manage their pension assets.
鈥淏eing selected by GMPF to manage this diversified real estate portfolio is further recognition of our credentials in the Local Government Pension Scheme sector.鈥�
LaSalle won its mandate to manage GMPF鈥檚 UK property portfolio in 2014.
To read the digital edition of the latest 91传媒在线 magazine click here.
