Border to Coast Launches UK Real Estate Fund with Initial £1.2B Invested

Border to Coast has launched a UK real estate fund, pooling £1.2B from three Local Government Pension Scheme (LGPS) partner funds. The fund seeks to become one of the largest UK real estate funds, designed to offer cost-effective access to high-quality UK assets with a focus on long-term, stable return, Border to Coast said in an October 8 press release.

Tyne and Wear Pension Fund, Cumbria Pension Fund, and South Yorkshire Pensions Authority have pooled 65 existing properties, seeding the fund at its launch. These properties include offices, retail spaces, care homes, student accommodation, and industrial facilities across 26 counties. Border to Coast aims to more than double the fund's size to over £3B within the next five years, targeting sectors such as life sciences and affordable housing to support broader UK economic growth.

Border to Coast will oversee the fund’s strategic direction, with abrdn appointed as the investment advisor and Workman as the property manager. The fund aims for a return of UK CPI +4% over rolling 10-year periods, net of fees and expenses.

View the press release here: https://www.bordertocoast.org.uk/news-insights/border-to-coast-launches-1-2bn-uk-real-estate-fund/

Written By: Dakota

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