UK - Over 20 schemes have invested in Schroder Property Investment Management's Hercules Unit Trust fund since January.
The property fund – which has schemes such as the £15bn Universities Superannuation Scheme as unit holders – had 34 investors, including 11 corporate schemes, 11 local authority pension funds and two trustee companies at the start of the year.
In the past eight months Schroders has seen a sharp increase in the number of pension fund investors.
Its client base now includes 27 occupational pension funds, 16 local authority schemes, five trustee companies, four charities, one life company, three pooled pension funds, four professional investors and three property companies.
Schroders said that the schemes all bought their shares in Hercules through the secondary market and since January it had acquired approximately £120m worth of units.
The Jersey-based fund has a property portfolio of 24 retail parks worth over £1.9bn, including Fosse Park, Leicester; Waterfields Shopping Park, Watford; Fort Kinnaird Shopping Park, Edinburgh; and New Mersey Retail Park in Speke, Liverpool.
The portfolio totals over 4.7m sq ft of retail park space and its key tenants include Boots, WHSmith, Gap, MFI, Homebase and B&Q.
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