UK - The £78.5m Aon Pension Scheme is setting aside 10% of its fund to make its first allocation to property.
Half of the allocation will be managed by Schroder Property Investment Management via its balanced exempt property unit trust. The identity of Aon’s other property manager has not been not disclosed.
Schroders managing director William Hill said: “We are seeing a steady stream of pension funds taking the strategic decision to invest in property for the first time.
“The PUT sector is a natural home for these investors as timely and cost effective entry to the market is possible, performance can be easily tracked and no property management administration is required.”
The scheme is advised by Aon Consulting.
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