Investment manager Orchard Street has been awarded a new £150 mln (€181 mln) real estate investment directive from a large UK pension fund client of HR consultancy Aon Hewitt.
Investment manager Orchard Street has been awarded a new £150 mln (€181 mln) real estate investment directive from a large UK pension fund client of HR consultancy Aon Hewitt.
Orchard Street will target investments of between £10 mln and £30 mln across the UK with the aim of building a portfolio focussed on long leased, index-linked assets.
It is expected that the capital will be deployed over a 12- to 24-month period.
Established in 2004, Orchard Street Investment Management focuses on the UK market and has assets under management totalling £3.5 bn. It acts on behalf of institutional clients worldwide, advising on investing in, and the active management of, property assets, including industrial, retail warehouses, offices and shopping centres.