The £36.7bn (e59.5bn) British Coal Staff Superannuation Scheme and the Mineworkers’ Pension Scheme have re-appointed Lasalle Investment Management to run their combined £2.6bn (e4.2bn) property portfolios.
David Morgan, chief executive of Coal Pension Trustees Services, which looks after the two schemes, says Lasalle has consistently outperformed what he calls a demanding benchmark. Its policy weightings and active management style were other key factors in the re-appointment.
The mandates represent Lasalle Investment Management’s largest account.