UK - Insight Investment has raised £260m for its Insight Foundation Property Trust Fund from schemes, institutional and retail investors.
Insight said the outcome had exceeded its targets, and that aside from raising £260m in equity from investors, it had raised £33m in debt.
The fund – which will invest in a range of commercial properties – already holds 64 properties with an average capital value of about £4.4m.
Insight hopes to eventually raise £400m for the fund which, it says, will make it one of the largest listed property investment trusts in the UK.
Insight managing director, property, Duncan Owen said: “We are delighted to have received such a strong response to this opportunity. The positive investor interest reflects the high quality of the fund and the confidence in Insight Investment. The success of the offer is a great step.”
Here it is... The video of all the highlights from last night's UK Pensions Awards.
Here they are...all the pictures from the UK Pensions Awards 2019.
This week's top stories included The Pensions Regulator criticising Sir Philip Green's latest plans for the Arcadia pension schemes.
The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.