Morley Fund Management has appointed FPDSavills to provide management services for its property fund, Morley Pooled Pensions Ltd.
MPPL is a £458m fund currently comprising 67 properties with an average value of around £6m. Properties in the fund include offices, retail, leisure, industrial and retail warehousing, plus a nursing home and housing association portfolio.
The portfolio is scattered throughout the UK, with the majority in England and a number also in Scotland and Wales.
Gabriel McLaughlin, Head of Management at FPDSavills, commented: “This is an actively managed fund requiring high quality response management. Our teams in London, Birmingham, Manchester and Scotland have a diverse range of skills which will ensure efficient management of this high profile portfolio. We are looking forward to working closely with Morley.”
MPPL Fund Manager, David Wise, added: “MPPL is a flagship fund for Morley, we value the opportunity to work with FPDSavills’ focused asset management team in delivering performance for our clients.”
Source: Freeman News/PR Wire