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.

SIGN UP
For your free daily news bulletin
Highways jobs

Chief Executive

Ebbsfleet Development Corporation
up to £165,000
Ebbsfleet is one of the UK’s most ambitious regeneration projects, a 21st-century Garden City Ebbsfleet, Kent
Recuriter: Ebbsfleet Development Corporation

Assistant Director Strategy & Community Regeneration

Newcastle City Council
£100,592 - £106,591 per annum
Newcastle is a city fast gaining a reputation for its innovation and progress. Newcastle, Newcastle Upon Tyne
Recuriter: Newcastle City Council

Contract Management and SRM Officer

The Royal Borough of Kensington & Chelsea Council
Negotiable
Strengthen how we manage our contracts, build lasting supplier partnerships and deliver value for our residentsStrengthen how we manage our contracts, England, London, City of London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Play Ranger

London Borough of Richmond upon Thames and London Borough of Wandsworth
£38,976 - £47,229 (pro rata for part time post)
Play Ranger£38,97... Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Temporary Accommodation Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£38,976 - £47,229 per annum
As with many other Boroughs in the capital, tackling homelessness is a high priority. The Temporary Accommodation Procurement Officer will be required to source new business to increase the supply of properties based on the demand by building relationship 90 Putney Bridge Road, Twickenham
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth
Linkedin Banner