Property adviser Cushman & Wakefield has won a three-year mandate to value the £1 bn (€1.2 bn) British Airways pension fund on a quarterly basis.

Property adviser Cushman & Wakefield has won a three-year mandate to value the £1 bn (€1.2 bn) British Airways pension fund on a quarterly basis.

The fund comprises 46 mixed-use assets located across the UK, including Zara on London’s Oxford Street.

The mandate follows a recent instruction to value two portfolios with a combined value of over £1.25 bn for Royal London Asset Management, the UK’s largest mutual life and pensions company.

Cushman & Wakefield’s UK Valuation & Advisory team holds portfolio valuation mandates with a total value of over £55 bn. Clients include BP Pension Fund, TIAA Henderson Real Estate and Standard Life Investments.