Kames Capital fizzes with Coca Cola mandate

The London-based firm has won a mandate to invest in property funds and other indirect methods from the £750 million Coca-Cola Enterprises Pension Scheme from current incumbent CBRE Global Multi-Manager.


Kames Capital, the London–based firm previously known as Aegon Asset Management, has won an indirect property investment mandate from the £750 million (€880 million; $1.14 billion) Coca-Cola Enterprises Pension Scheme.

Kames has wrestled the mandate to put £32 million to work in indirect real estate from the current incumbent CBRE Global Investors. In a short statement, Kames said the mandate took effect on Monday and that the Coca-Cola Enterprises Pension Scheme had been advised in making its selection by AON Hewitt.

The mandate win follows Kames Capital’s successful pitch for an £85 million indirect property mandate from the Kelda Group Pension Plan in April this year.

The Coca Cola mandate is being managed by Kames’ indirect property team consisting of Mark Bunney, Matt Day and Tony Yu, who each joined the business last year from the multi-manager real estate team of Dutch company, ING Real Estate Investment Management.

The overall head of property investment is Phil Clark who joined the com[any in 2007 from Aviva Investors where he was head of specialist property funds.