Florida State Board of Administration (SBA) has approved $188m (€169.1m) worth of new real estate investments.

The $205bn pension fund said, as part of its direct owned separate account real estate portfolio, it has made a $113m equity investment into MWP Office, a 665,000sqft office building development at 1105 West Peachtree, Atlanta.

L&B Realty Advisors, the manager involved with this transaction, declined a request for comment.

Florida SBA said it has also made a $75m commitment into an unnamed Asia industrial real estate investment fund following the sale of a $103m Cincinnati industrial portfolio held via a separate account with Heiman as its advisor.

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