UK - The £9.3bn British Airways Investment Fund has appointed property managers FPDSavills to manage three of its properties. The properties which FPDSavills will manage are Printworks in Manchester, Atlantic Wharf in Cardiff and Avonmeads in Bristol.
The fund – which has £600m invested in property – is comprised of assets from New Airways Pension Scheme and Airways Pension Scheme.
The appointment will increase the property manager’s portfolio to a total of £4.5bn in the UK.
FPDSavills head of property management Sally Gandan said: “We are delighted to have been selected by BA Pension Fund to work hand-in-hand with them on the management of three of the UK’s leading retail and leisure complexes.”
The British Airways Investment Fund combined has 46,338 members. The company in the UK has 51,022 employees.
The fund was advised by British Airways Pensions Investment Management.
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