Border to Coast Pensions Partnership, the largest U.K. Local Government Pension Scheme (LGPS) pool, has exchanged on the forward funding of 139 single-family rental homes at Springstead Village, Cambridge.
The transaction, advised by Aberdeen Investments, will see more than £70 million ($96 million) invested into the construction of 93 houses and 46 apartments in the development. The investment comes from the pool’s U.K. Real Estate Fund, into which 10 of Border to Coast’s Partner Funds have committed £2 billion ($2.7 billion) since October 2024.
A landmark deal for the LGPS pool, it demonstrates how pooling enables U.K. local government pension funds to invest directly in new markets that have previously been difficult for them to access, unlocking significant opportunities and supporting U.K. growth.
It also marks Border to Coast’s first investment into single-family housing, a focus of its U.K. Real Estate Fund.
Situated within Springstead Vi
