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L&G and Federated Hermes agree fund merger to create £4.7 billion vehicle

L&G's Managed Property Fund expands
L&G Managed Property Fund owns 76-88 Wardour Street. (L&G)
L&G Managed Property Fund owns 76-88 Wardour Street. (L&G)
CoStar News
August 18, 2025 | 9:42 AM

Federated Hermes and L&G have announced that the Federated Hermes Property Unit Trust has merged into the L&G Managed Property Fund, in a landmark transaction for the UK real estate funds sector.

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