European investors have seen no let up in activity this summer, as commercial real estate mandates have been finalised.

The United Kingdom’s National Employment Savings Trust (NEST), a trust-based defined contribution (DC) workplace pension scheme available to all employers, has given two real estate mandates to funds managed by Legal & General Property (LGP). NEST is making real estate investing available to members through the Legal & General Hybrid Property Fund, which is aimed at DC pension arrangements and invests in LGP’s Managed Property Fund and Legal & General Investment Management’s (LGIM) Global Real Estate Equity Index tracker fund. The investments are split 70-30 between the venture.

French pension fund