Purpose

 An allocation of 8% of Fund assets to be
invested in UK Property was ratified by Policy and Development in
June 2025.

An opportunity has arisen for a
co-investment into a diversified portfolio with a credible and
known partner. Initial capital commitment will be c. £100m
with a further £50m of growth capital.

Phase 1 Approval was obtained in
December 2024. 
Since then, extensive due
diligence has been obtained alongside third-party
advisors. 
All due diligence is considered to
be satisfactory.

Content

APPROVED

£100m capital commitment
into a real estate co-investment opportunity alongside an
additional £50m of growth capital.