The Wales Pension Partnership (WPP) announces the latest in its series of appointments to facilitate implementation of its Private Markets investment solutions.
The WPP will establish a WPP Real Estate investment proposition built around three pillars:
1) UK Core Real Estate, to take existing pooled fund investments and transition them over time to an open-ended direct property investment portfolio.
2)International Real Estate, to establish an open-ended investment vehicle investing in funds and direct assets on a global basis.
3)Local / Impact Real Estate, to develop an investment programme utilising fund investments and direct asset investments in UK Impact strategies, with at least 50% of assets located in Wales.
Following the completion of a rigorous public procurement process, with the support of bfinance and Hymans Robertson, Private Real Estate Investment Managers have been appointed. The appointed managers are:
– UK Core Real Estate – Schroders
– International Real Estate – CBRE
– Impact / Local Real Estate – Schroders
