Berwin Leighton Paisner (BLP) and Nabarro acted opposite Eversheds and Mayer Brown on CBRE Global Investors’ merger of its UK Property Fund with the Electricity Supply Pension Scheme (ESPS), creating a £1.4bn property fund called the CBRE UK Property PAIF.
CBRE has been the investment manager of ESPS’s UK property portfolio since 2006, and said the merger was part of the increasing trend of investors looking for ‘scale and simplicity’.
