LCP’s Charlie Finch steps back and considers the implications of this deal
Deal is largest ever transaction from pension schemes to insurer
Investment will fund development of 130,000 square foot office in Manchester
Moving small amount of overseas assets to UK could make sense for council schemes
£250m deal means PIC has now insured all £4.1bn of the BAT scheme’s liabilities
Transaction secures the benefits for 1,378 members
The investment will fund the construction of 350 new homes by 2026
The firms are set to build 124 homes via a joint venture with Elysian Residences
The investment will fund the construction of Eastside One in Birmingham
The funds will be used to refinance an existing loan