LGIM to run NEST real estate investments

The brief is the mass-market pension scheme's first direct investment into commercial property. It said the allocation would help give members access to long-term and sustainable investment growth. NEST's target date fund structure and expected scale ensure that it can incorporate these mandates as part of a diversified and actively risk-managed approach, while maintaining a low member charge, it added. NEST led a highly competitive procurement process in order to select LGIM and its property platform, Legal & General Property (LGP), as the manager for its two real estate mandates. Th...