Orchard Street announced that it has been awarded a new £150 million (approx. €181.45 million) investment directive from a large UK pension fund client of Aon Hewitt, to acquire a portfolio of UK commercial real estate.
Orchard Street will target investments of between 10m and 30m across the UK with the aim of building a portfolio focused on long leased, index-linked assets. It is expected that the capital will be deployed over a 12 to 24 month period.
Philip Gadsden, Managing Partner of Orchard Street said: “We are very excited to be working with this pension fund client to help build a resilient UK real estate portfolio focused on long-term, index-linked assets. This is a fantastic mandate win for Orchard Street, which reflects the appeal of our deep market knowledge and our rigorous fund management platform.”
Source: Orchard Street