The Greater Manchester Pension Pension Fund has handed LaSalle Investment Management a £750 million mandate to build up a real estate portfolio on its behalf.

It has asked LaSalle to buy a portfolio of commercial property across the UK, as part of the mandate. The firm will go on to manage the mandate. LaSalle, which manages $50 billion of real estate across the world, said: "The mandate is one of the biggest to be awarded in the UK in real estate investment management in recent years."