The North Yorkshire Pension Fund is planning to allocate around £75 million to up to four U.K. property portfolios, IPE reports. The £1.5 billion scheme will target large core or core-plus U.K. real estate funds and have a minimum exposure to non-U.K. real estate.
The selected fund managers will be hired on three-year rolling contracts. The pension fund decided to tender the mandate following a strategic review that coincided with its evaluation process last year.
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