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LIM takes over as manager of pension fund's £1.6bn portfolio
Hermes has lost its contract to manage the Royal Mail Pension Plan's £1.6bn property portfolio, after more than 27 years.
EGi News revealed on Wednesday that LaSaIIe investment Management had won the coveted mandate, which was put out to tender earlier this year for the first time in its history.
LIM beat CB Richard Ellis Investors, Legal...