UK - Retail giant Kingfisher has appointed Morley Fund Management to manage a £90m property mandate at its £1.1bn scheme.
Morley institutional property business development manager Phil Ellis will manage the new funds which will be invested in a number of indirect property vehicles, including limited partnerships, property unit trusts and managed pension funds.
Kingfisher Pension Scheme manager Colin Hately said: “We appointed Morley due to its excellent track record and expertise in managing indirect property investments.”
The win follows Morley’s creation of several limited property partnerships such as The Mall and The Junction funds along with the Ashtenne Industrial Partnership.
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