The Schroders Capital real estate team has been appointed by Greater Manchester Pension Fund (GMPF) to manage its diversified portfolio of over €816m (£700m) of direct real estate assets in various sectors including industrial, office, retail and hotels. The appointment follows a competitive tender process and consolidates our longstanding existing relationship with GMPF as a key strategic client.
Sophie Van Oosterom, Global Head of Real Estate, Schrukoders Capital said: “I am absolutely delighted that we will partner with GMPF on the management of their UK direct real estate assets. GMPF is a key strategic client for our real estate business and we look forward to delivering on its investment strategy and objectives, supported by our specialist investment team’s strong operational focus on creating long-term sustainable returns and value. We will also work closely with GMPF to deliver a best in class approach to environmental, social and governance considerations and impact.”
Nick Montgomery, Head of UK Investment, Schroders Capital said: “This is a fantastic win for the business and follows continued outperformance for clients across our UK real estate portfolios. We are looking forward to building on our already strong relationship with GMPF and growing our team in Manchester, bringing us even closer to our assets and the occupier and investment markets in which our team is operating.”
Claire Glennon, Co-Head of UK and Ireland Institutional, Schroders, commented: “For over 30 years Schroders has been working in partnership with local authorities to manage their pension assets. Being selected by GMPF to manage this diversified real estate portfolio is further recognition of our credentials in the Local Government Pension Scheme sector. We are focused on continuing to set new standards in the delivery of performance and service as we build on our already strong relationship with GMPF.”
