Pramerica manages £180 million pension fund mandate

Pramerica Real Estate Investors has been appointed by John Lewis Partnership Pensions Trust to manage and expand its portfolio of UK property investments following a strategy review and manager selection process, the company announced today.

The Fund’s existing real estate investments currently comprise £180 million of direct and indirect UK property assets, and it is intended that, over time, this will be increased to a target amount of £270 million with a greater focus on direct investments.