PIC agrees £268m forward purchase of 2 Ruskin Square

Croydon office represents second investment by PIC in a net-zero hub within the last year

Martin Richmond
clock • 2 min read
Aerial view of PIC’s £268m investment, 2 Ruskin Square, adjacent to East Croydon railway station
Image:

Aerial view of PIC’s £268m investment, 2 Ruskin Square, adjacent to East Croydon railway station

Pension Insurance Corporation (PIC) has agreed the £268m forward purchase of 2 Ruskin Square, a 344,940 sq. ft office in Croydon, from the Schroders Capital UK Real Estate Fund (SCREF).

The office, which is due for completion later this year and will be ready for service in August 2024, will be let to the Government Property Agency (GPA) to provide PIC with secure, long-dated and ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

LAPFF backs shareholder resolution at BP as climate risks escalate

LAPFF backs shareholder resolution at BP as climate risks escalate

LGPS body also recommends vote against BP’s chair amid ‘serious governance concerns’

Jonathan Stapleton
clock 09 April 2026 • 2 min read
Schemes urged to integrate UK social bonds within default strategies

Schemes urged to integrate UK social bonds within default strategies

CTI says move would align objectives with measurable social impact

Holly Roach
clock 09 April 2026 • 2 min read
ICSWG publishes updated climate competency guide

ICSWG publishes updated climate competency guide

Group says updated guide recognises the role investment consultants have to support asset owners

Martin Richmond
clock 07 April 2026 • 3 min read
Trustpilot