Boots Pension Scheme has appointed Schroders' Property Multi-Manager team to manage a £135 million (approx. 168 million) portfolio. The scheme is seeking a diversified exposure to the UK property market through investing in selected core, value-added and opportunistic property funds.
Graeme Rutter, Co-Head of Property Multi-Manager, Schroders commented: "We are really pleased to have been selected by one of the leading UK corporate pension schemes to manage their property account. Our scale has given us the ability to offer portfolio solutions and access manager talent in a way that is impossible for smaller advisors."
William Hill, Head of Property at Schroders, commented: "The Multi-Manager area is a very important part of our property business at Schroders and one where we have had a considerable amount of success.
"The industry is at an interesting stage in its development and we look forward to working with clients such as Boots in exploiting the opportunities ahead."
Schroders' property multi-manager business was launched in 1997 and manages approximately £2.5 billion of assets. Schroders has a total of £10.2 billion of property under management (March 31, 2012).