UK – The Royal National Pension Fund for Nurses has awarded Henderson Global Investors a £150m direct property portfolio. The mandate gives Henderson discretion to invest in direct property, quoted property securities, property unit trusts and limited partnerships.

“ We will be repositioning the portfolio over the next 12-18 months, increasing lot size of the portfolio. Part of the fund will be invested in property unit trusts, property shares and limited partnerships to gain attractive returns in those sectors that it cannot access directly,” says Michael Sales, director of UK property funds at Henderson.

Henderson, an investment management arm of the Australian financial services group AMP, has over £10bn (e16bn) property assets under management.