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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Investment

Pension schemes face practical barriers to investing in UK growth, finds TPR

Pension schemes face practical barriers to investing in UK growth, finds TPR

Success of Mansion House will depend on a ‘pipeline of UK investment opportunities’

Alex Levy
clock 21 September 2026 • 4 min read
Infrastructure investment boosts pension saver sentiment, research shows

Infrastructure investment boosts pension saver sentiment, research shows

Investment firms say member engagement could boost support for productive investment

Alex Levy
clock 18 September 2026 • 2 min read
Bank of England holds rates at 3.75%; announces APF wind-down plan

Bank of England holds rates at 3.75%; announces APF wind-down plan

MPC tweaks QT programme and sets out plan for APF

Michael Nelson and PP Staff
clock 17 September 2026 • 3 min read
Trustpilot