Laura Sharman 10 October 2019

Launch of first pooled LGPS property fund

Launch  of first pooled LGPS property fund image

Local Pensions Partnership Investments Ltd (LPPI) has set up the Real Estate Fund with over £800m of direct UK property investment assets.

A further £460m of property assets are due to join the fund over the coming months, which is expected to grow to around £2bn over the next three years.

Chris Rule, CEO of LPP, said: ‘The LPPI Real Estate Fund represents another important milestone in LPPI’s three-year history. We now manage more than £17bn of pension assets on behalf of our clients and their members.

‘We are extremely proud of LPPI’s record in delivering a diverse range of high quality, low cost and distinctive investment propositions to meet clients’ asset allocation requirements.’

PWLB hike: A rise too far? image

PWLB hike: A rise too far?

What impact will the increase to the Public Works Loan Board rate have on councils’ housing and other capital schemes? Neil Merrick investigates.
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