On October 23, 2014, Henderson Global Investors announced the merger of the Old Mutual Property Fund into Henderson UK Property OEIC.
The Old Mutual Property Fund was launched in December 2005 and has assets under management of £437 million as of September 2014.
Henderson UK Property has assets under management of £2.3 billion. Following the merger, the fund’s assets under management will increase to over £2.7 billion, the number of properties in its portfolio will increase from 84 to 108, and the number of its tenants will increase from 407 to 577.
The merged fund will be managed by TIAA Henderson Real Estate (TH Real Estate), a specialist real estate investment manager that was formed in 2014 following the merger of Henderson Global Investors’ real estate business with TIAA-CREF.
To read the press release, please click here.