Legal & General scoops Property Fund Manager of the Year at Property Week Awards

Legal & General Property (“LGP”) has this week received recognition for its achievements over the past year, after it was announced that it had been awarded as ‘Property Fund Manager of the Year’ at the Property Awards 2010. Held at London’s Grosvenor House hotel on the evening of Tuesday 27 April, the event was attended by over 1,300 members of the real estate industry.

In a strongly contested category, decided by industry leaders, Legal & General Property fought off stiff competition from the likes of F&C REIT, Henderson Global Investors, LaSalle Investment Managers, Prupim, Rockspring, Threadneedle and USS.

This award recognises a variety of accomplishments and demonstrates the firm’s commitment to its high standards of client service and innovation. Against a challenging backdrop in the UK Commercial Property market, 2009 was an extremely successful year for LGP, demonstrated in the outperformance of all LGP’s balanced funds against the CAPS and IPD market benchmarks. This outperformance was achieved through effective risk management, added value initiatives across assets, and the ability to manage liquidity levels through access to excellent investment opportunities in a difficult market.At the same time the team created a number of important new and entrepreneurial approaches, solutions and initiatives, including the addition of new and innovative funds and adaptations to existing funds.

Bill Hughes, Managing Director of Legal & General Property, comments:

“This is important external recognition for all that we have been doing over the past year. The hard work doesn’t stop here, however. We have ambitious plans to continue to build upon the momentum achieved to date by focusing on high quality client service, investment performance and pioneering solutions.”