William Eichler 28 April 2021

Local authority pension group’s fund secures £50m investment

Local authority pension group’s fund secures £50m investment image

A fund set up by pension groups in London, including Local Pensions Partnership Investments, to invest in real estate has secured a £50m investment bringing its total capital to £150m.

The London Fund, which was set up by Local Pensions Partnership Investments, London CIV and The London Pensions Fund Authority, was established to provide long-term value to pension scheme investors as well as social benefits in Greater London.

‘The London Fund is a unique partnership between Local Government Pension Schemes and pools to create sustainable and resilient assets that will provide value for our pension scheme members over the long term and at the same time offer focused investment opportunities that benefit local communities,’ said Chris Rule, chief executive officer, Local Pensions Partnership Investments.

‘Supporting large scale residential property projects is an important part of our investment strategy, and this investment will help deliver the ongoing stewardship of high-quality, affordable and professionally-managed homes.’

The announcement of the £50m investment comes as The London Fund makes its debut investment in Delancey and Oxford Residential’s DOOR SLP ‘build to rent’ housing platform to support the development of new quality housing stock for London.

DOOR is a dedicated residential investment vehicle – part owner of Get Living, a build-to-rent operator of large-scale residential neighbourhoods. It will facilitate The London Fund’s investment in housing developments in areas such as East Village, Stratford and Elephant and Castle.

For your free daily news bulletin
Highways jobs

Electoral Services Officer

Denbighshire County Council
£29,577- £32,234
Denbighshire County Council has an exciting vacancy for the post of Electoral Services Officer Denbighshire (Sir Ddinbych)
Recuriter: Denbighshire County Council

Residential Assistant

Essex County Council
£18029 - £20604 per annum
About the Role Please note, this is a part time role working 22.5 hours per week.The salary would be on a pro rata basis, so £10,963 - £12,529 per an England, Essex, Chelmsford
Recuriter: Essex County Council

Customer Specialist

Essex County Council
Up to £22915 per annum
This is a part time role for 20 hours a week for a fixed term period of 12 months. The Role Essex County Council (ECC) is one of the largest and most England, Essex, Chelmsford
Recuriter: Essex County Council

Head of Commissioning and Partnerships

Government of Jersey
£76,299 - £86,279 per annum
Jersey is on an exciting journey towards implementing a new model of care Jersey (GB) (JE)
Recuriter: Government of Jersey

Employer Officer

Essex County Council
Up to £28846 per annum
Employer OfficerFixed Term, Full TimeUp to £28,846 per annumLocation
Recuriter: Essex County Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue