abrdn wins major real estate mandate08 June 2023
abrdn has been appointed by Border to Coast Pensions Partnership, one of the UK’s largest asset owner pools, to support the launch and management of its UK Real Estate proposition which is due to launch in late 2024.
This means that our expert teams will work with Border to Coast to support, progress and implement its strategy, identify quality real estate opportunities in the UK, and will also provide portfolio management services for real estate assets.
Border to Coast pools 11 Local Government Pension Funds in England, and, together with investors (their ‘Partner Funds’), currently invests c£3.5bn in both directly held properties and indirectly through property funds. The UK Real Estate proposition is designed specifically to help those Partner Funds benefits from the scales and efficiencies that pooling brings.
While the deal marks a significant milestone in Border to Coast’s ambitions to develop its investment offering, it also highlights our strength in Alternatives - a key focus point in our client-led growth strategy.
Cameron Murray, Head of Core Funds at abrdn, said: “We look forward to working closely with Border to Coast to deliver sustainable investment returns on behalf of the Partner Funds. Our strong track record in managing funds for Local Government Pension Schemes means we are uniquely placed to deliver the desired outcomes on behalf of the investors, while the size of our £43bn Real Estate business will enable us to provide depth and breadth of capability and at the same time benefit from efficiencies of scale.”
We very much look forward to working closely with Border to Coast to deliver sustainable investment outcomes for their Partner Funds.