Border to Coast Pensions Partnership, one of the largest pension pools in the United Kingdom, has launched a search for a specialist manager to support the development and management of its multi-billion-pound U.K. Real Estate Fund.
The initial U.K. fund is likely to be £1.75 billion ($2.1 billion) of direct properties at launch, but is anticipated to grow to more than £3 billion ($3.6 billion) with additional investments from partner funds over time.
The selected manager will work with Border to Coast to develop and implement the investment strategy, source high-quality real estate opportunities across the United Kingdom and provide asset-management services for real estate assets. The manager will embed active stewardship and ESG considerations into the investment process, including both portfolio construction and asset management.
“U.K. real estate is a fundamental asset class for our partner funds’ wider investment strategies,” said Alistair Smith, h
