Global real estate adviser Cushman & Wakefield has been awarded a three-year mandate to value the £1 billion (€1.2 bln) British Airways Pension Fund on a quarterly basis.
The fund comprises 46 mixed assets situated across the UK including Zara in London’s Oxford Street.
Cushman & Wakefield’s UK Valuation & Advisory team also recently won the mandate to value two portfolios with a combined worth in excess of £1.25 billion (€1.5 mln) for Royal London Asset Management, the UK’s largest mutual life and pensions company.
Cushman & Wakefield’s Head of UK Portfolio Valuation, David Mills, said: “I'm delighted to be able to add British Airways to the portfolio team’s client list. Winning this important mandate a few months after taking on Royal London’s portfolios certainly demonstrates our strength in this area and highlights the confidence the market has in us.”
Cushman & Wakefield’s UK Valuation & Advisory team is 75 strong and currently holds portfolio valuation mandates with a total value of over £55 billion (€68 mln). Clients include BP Pension Fund, TIAA Henderson Real Estate and Standard Life Investments.
Source: Cushman & Wakefield