The London Borough of Hackney pension fund has become the latest UK local authority scheme, to broaden its investment horizons into property with the tender of a £50m (€70.8m) mandate.

Somerset County Council pensions fund is tendering a £15m property mandate, which may increase to £50m, and Buckinghamshire County Council pension fund is tendering a £25m property mandate.

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Hackney fund tenders property mandate

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