MN Services, who manage assets for the Dutch metal workers' pension fund, BPMT, has appointed Henderson Global Investors to manage an indirect Asian real estate portfolio.
The EUR100m mandate is the second that MN Services has awarded Henderson. The first mandate, for the European real estate securities portfolio, was awarded to the UK-based asset manager in 1999.
Rodney Bysh, Henderson’s director of the continental European property division, said: “We are delighted to have been appointed by MN Services for a second specialist property mandate and look forward to continuing our successful relationship with them. The appointment underlines Henderson’s reputation as truly global property managers.”
Erwin Stouthamer, director of the international real estate division for MN Services commented: “The appointment of Henderson for this mandate reflects our confidence that they will continue to deliver superior performance returns and client service.” By Janet Du Chenne
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