The British Telecom Pension Scheme (BTPS) is making its first foray into US real estate by committing about EUR 100 mln to a new fund for institutional players. The HUH US Real Estate Income Fund (HUH) is a joint venture between Hermes Real Estate, the EUR 40 bn pension fund's investment manager, a subsidiary of United Overseas Bank of Singapore, and US-based real estate company Hampshire.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
