UK -  The £1.4bn (€2.1bn) Berkshire pension fund has made a £15m investment into BlackRock's UK property fund.

The fund confirmed it had sold off some of its directly-owned property to make the investment.

"It is one of 12 investments into real estate funds we have," a spokesman for the fund told IPE.

Property currently makes up around 10% of the Berkshire fund's portfolio.

The spokesman also confirmed the Asia-Pacific equity mandate in excess of £80m which the fund tendered at the end of last year is expected to be awarded in November. The incumbent contract holder is Schroders.

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