Border to Coast has launched a direct U.K. real estate investment fund, broadening LGPS (Local Government Pension Scheme) partner fund access to new investment opportunities in the sector.
To date, Partner Funds have, through Border to Coast investment vehicles, invested more than £10 billion ($13.1 billion) in the United Kingdom via listed and private markets.
Three Partner Funds — Tyne and Wear Pension Fund, Cumbria Pension Fund and South Yorkshire Pensions Authority — have collaborated to pool £1.2 billion ($1.6 billion) assets at launch (or 65 existing holdings) to seed the proposition.
The proposition offers cost-effective access to high-quality assets and new real estate sectors, diversifies risk, and strengthens the implementation of responsible investment. Properties at launch include offices, retail, care homes, student accommodation, and industrial and warehouse facilities across 26 U.K. counties.
With the proposition expected to more than
