LGPS Central has plans to launch its U.K. Direct Property Fund, a sub-fund of the LGPS Central Property ACS.
It was developed in collaboration with partner funds and managed in partnership with DTZ Investors. The fund has a medium-term target to invest up to £500 million (€581 million/$626 million) across the United Kingdom in a balanced portfolio and has been seeded with investment from Leicestershire Pension Fund and Nottinghamshire Pension Fund. As an open-ended vehicle, the fund is flexible to allow for further or new investment from other partner funds to meet their requirements.
In tandem with the LGPS Central U.K. Direct Property Fund, LGPS Central and DTZ Investors will also provide an additional offering to Partner Funds to manage legacy portfolios if desired, thereby providing additional flexibility to investors.
“The U.K. Property Fund is designed to take advantage of the economies of scale that come with real estate investing, providing a cost-e
