NEST eyes property investment exposure

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The National Employment Savings Trust (NEST) is looking for fund managers to run mandates in both UK direct and global listed real estate.

NEST's advert in the Official Journal of the European Union calls for up to four specific investment funds for use as building blocks in its retirement date funds and other fund choices. The retirement vehicle requires: • A UK direct property fund • A UK direct property fund with strong sustainability credentials and hence is aligned with the policies of the NEST Ethical Fund • A global REITs fund • A global REITs fund with strong sustainability credentials and hence is aligned with the policies of the NEST Ethical Fund NEST said it expects to appoint up to four managers in the...

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