19 Oct Real estate funds to sell assets to help stricken U.K. pension plans
Posted at 15:17h
in Real estate
Real estate funds whose investors include U.K. pension plans have begun offering properties for sale to meet redemption requests.
The CBRE UK Property PAIF has appointed broker CBRE Group to sell 1 Albemarle Street in London’s West End, according to people with knowledge of the process.
Legal & General Group’s Industrial Property Investment fund is offering for sale warehouses at Trafford Park in northwest England, said separate people, who asked not to be identified as the process is private. A pooled pension property fund at Abrdn is selling warehouses at the Thames Gateway Park in Dagenham, east London, other people said.
Published in Pensions&Investments.
