Border to Coast brings on Townsend Group as a real estate consultant

Border to Coast Pensions Partnership, one of the largest local government pension scheme (LGPS) pools in the United Kingdom, has appointed the Townsend Group as a consultant to support its global real estate investments.

Border to Coast said Townsend was selected following a rigorous tender process. It will support Border to Coast’s real estate team in building two global propositions by providing investment and portfolio support, detailed due diligence on prospective investments and support embedding ESG considerations into the investment process.

The appointment marks a key stage in the development of a £5 billion ($5.6 billion) real estate proposition for Border to Coast’s partner funds. Once launched, it will seek to deliver the benefits of pooling through a centralized team that can expand access to global real estate investment opportunities in a sustainable and cost-effective way.

Two global propositions are expected to launch in early 2023 — a cor