The Electricity Supply Pensions Scheme , London, appointed CB Richard...

The Electricity Supply Pensions Scheme, London, appointed CB Richard Ellis Investors to manage £985 million ($1.86 billion) in core U.K. real estate, ESPS Chief Executive Richard Barlow said in a statement issued today. CBRE replaces F&C Asset Management, which trustees of the £22 billion fund terminated after a competitive tendering process, Mr. Barlow added. He would not comment further on the decision to drop F&C.