Published: September 24, 2025
Ten Border to Coast partner funds are now investing in its UK real estate fund, taking its total size to £2bn.
The pool launched the fund in 2024 with 65 properties seeded from three partner funds. It now holds 96 properties following the transition of Teesside Pension Fund’s £396m real estate portfolio – one of seven new entries to the proposition.
Six further partner funds have also made their first cash subscriptions to the fund, collectively committing £430m of fresh capital.
The combined addition of £826m in assets and capital brings the total size of the fund to £2bn.
Border to Coast’s head of UK real estate Alistair Smith said: “The UK Real Estate proposition is a collective endeavour and a shining example of how pooling can benefit LGPS funds.
“It provides new capabilities and access to a highly diversified investment portfolio with the benefit of an experienced, professional internal team working solely to make a difference for the scheme.”
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