Investors - NOVEMBER 18, 2022

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Border to Coast Pensions Partnership searches for specialist manager in UK real estate

by Kali Persall

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

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