Border to Coast appoints abrdn to manage its U.K. real estate proposition

Border to Coast Pensions Partnership has appointed abrdn to support the launch and portfolio management of its U.K. real estate proposition.

Border to Coast’s 11 Local Government Pension Fund shareholders and investors currently collectively invest £4 billion ($5 billion) in directly held properties and indirectly through property funds. The Border to Coast U.K. real estate proposition, due to launch in late 2024, is designed to help partner funds to benefit from the scale that pooling brings.

abrdn will work with Border to Coast’s dedicated internal real estate investment team to support, develop and implement the investment strategy, source high-quality real estate opportunities across the United Kingdom and provide portfolio management services for real estate assets. Active stewardship and ESG considerations will be embedded into the investment process, including both portfolio construction and asset management.

The U.K. real estate proposition is an im