Schroders Capital, the leading $97.3 billion private markets business of Schroders Group, today announces it has been awarded a £2 billion real estate mandate by the Wales Pension Partnership (WPP), a collaboration of the eight LGPS funds in Wales and one of eight Local Government Pension pools.
This mandate win builds on the £500 million mandate awarded by WPP to Schroders Capital last year to invest in global private equity.
Today’s news will see Schroders Capital’s real estate team deploy up to £400 million in positive impact and local investments across Wales, including local employment generating opportunities, affordable housing and healthcare. The mandate will also target impact opportunities across the UK which deliver positive social impact and decarbonisation strategies that support WPP’s net zero ambitions.
The remainder of the mandate will be invested in UK core real estate focused on the industrial, retail and office sectors, as well as specialist and operational real estate such as hotels, self-storage and student accommodation. The commitment by WPP further demonstrates Schroders’ ability to work in strong partnership with clients and provide access to a broad spectrum of real estate investment opportunities alongside its leading impact capabilities.
With £22.1 billion in global assets under management[1], Schroders Capital’s Real Estate team aims to offer tailored investment and asset management solutions to its clients and partners, delivering long-term sustainable performance through operational excellence with a hospitality-led approach.
Source