John Lewis Partnership Pensions Trust has mandated Pramerica Real Estate Investors to manage and expand its portfolio of UK property investments following a strategy review and manager selection process, the company announced last week.
John Lewis Partnership Pensions Trust has mandated Pramerica Real Estate Investors to manage and expand its portfolio of UK property investments following a strategy review and manager selection process, the company announced last week.
Pramerica is the European arm of the real estate investment and advisory business of Prudential Financial, headquartered in the US.
The fund, which currently has £180 mln (EUR 230 mln) of direct and indirect UK property assets, is planning to boost its property portfolio to a targeted £270 mln with a greater focus on direct investments.
Pramerica currently has more than £950 mln of assets and commitments in the UK for both UK and international clients.
