After a comprehensive evaluation process, Border to Coast Pensions Partnership (“Border to Coast”) has selected Northern Trust as its Third-Party Administrator (TPA) and Depositary (Depo) to support its future real estate investment management capabilities.
Building strong relationships is key to the collective success of Border to Coast and its partners, and the appointment of Northern Trust as TPA and Depo in May 2022 marks an important step in the ongoing development of the real estate offering on behalf of its Partner Funds.
Northern Trust will deliver fund accounting, custody services and investment operations support for the real estate capability, alongside Depositary services.
Border to Coast is currently building its capabilities in real estate with a Head of Real Estate, Alistair Smith, joining the team in May and recruitment to further expand the team is underway. The real estate capability will see two global indirect property funds launched by early 2023, with a further UK direct property fund launch to follow.
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