Pensioenfonds Metaal & Techniek, The Hague, Netherlands, made an additional commitment of €100 million ($119.3 million) to Barings European Core Property Fund, a spokesman said.
In 2017, the €71.8 billion pension fund for employees in the Dutch metallurgy industry committed €150 million to the fund managed by Barings Real Estate Advisers.
The spokesman said the real estate fund outperformed several benchmarks. He cited the "strong fund manager" as a key motivation behind allocating to the real estate fund.
"It's an income-producing fund focusing on pockets of 'manage-to-core' and 'build-to-core' with awareness of institutional demands like sustainability," he said.
Both commitments were made by MN, the plan's fiduciary manager, which has €125 billion in assets under management.
