Lancashire County Council Pension Fund, Preston, England, hired Knight Frank Investment to manage national and county real estate portfolios, said an announcement on European procurement website Tenders Electronic Daily.
The £5 billion ($7.8 billion) pension fund issued an RFP in February.
Knight Frank managed £450.5 million in real estate for the pension fund as of March 31, according to the pension fund’s most recent annual report.
Executives at the pension fund could not be reached for comment by press time.
