The Schroders Capital real estate team has been appointed by Greater Manchester Pension Fund (GMPF) to manage its diversified portfolio of more than £700 million (€818 million/$943 million) of direct real estate assets in various sectors, including industrial, office, retail and hotels.
The appointment follows a competitive tender process and consolidates a longstanding existing relationship with GMPF as a key strategic client.
The appointment enables Schroders Capital to consolidate its presence in Manchester after the opening of Schroders’ new Manchester office at 2 St Peters Square earlier this year.
Philip Scott, Schroders Capital’s fund manager for the GMPF portfolio, will move to Manchester.
