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LGP Raises £117M For Property Fund
Legal & General Property has received a further £117 million from three corporate pension schemes to buy inflation-protected properties in the U.K.
Legal & General Property(LGP)已收到进一步的£117million from three corporate pension schemes to buy inflation-protected properties in the U.K.,金融时报》reports. The unit ofLegal & General Investment Managementraised the money for its recently launchedLPI Income Propertyfund, which targets a real yield of over 4.5% per year.
The move brings total commitments in the LPI fund, launched last July to invest mainly in government-backed and inflation-linked sources of rental income, to £180 million. New commitments to the fund, which has already invested £80 million, included a allocation from theMichelin Pension Plan.
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