Hampshire and Essex pension funds have invested £1.3bn into a new property fund offering for the ACCESS pool.
The new property fund will be managed by CBRE Investment Management, who also manage ACCESS’s UK core real estate and global real estate mandates.
Both £9bn Hampshire and £9.6bn Essex invested around £650m each, according to ACCESS.
ACCESS is the investment pool for 11 Local Government Pension Scheme funds, including Essex and Hampshire pension funds, and has total pooled assets of £35bn.
The launch of the pool’s new property fund comes as it also announced its UK affordable housing mandate in January, which had initial anticipated commitments of £125m.
Alongside this, the investment vehicle has also launched two global timberland mandates and made two infrastructure investments this year.
—————
FREE bi-weekly newsletters
Subscribe to Room151 Newsletters
Follow us on LinkedIn
Follow us here
Monthly Online Treasury Briefing
Sign up here with a .gov.uk email address
Room151 Webinars
Visit the Room151 channel
