Schroder, Octopus increase additional capital for the UK pension fund | information


Schroder Real Estate and Octopus Real Estate have raised an additional GBP 40m (EUR 44m) for their UK Retirement Living Fund (ReLF).

With the additional capital received on the second close, the closed-end ReLF, which has already invested in four new pension plans, has raised a total of £ 140 million.

Robin Hubbard, Head of Schroders Real Estate Capital, said: “In an uncertain real estate market where value is hard to find, investors have taken an interest in this mid-to-high segment of the UK retirement sector, which is severely underserved but underpinned by undeniable structural factors Demand factors such as demographics, more active and high quality lifestyle pursuits, and probably the richest cohort of retirees that has ever existed or will be.

“From an impact point of view, shrinking retirees frees up larger family houses and breathes life into older neighborhoods, while at the same time reducing the loneliness of retirees, who typically lead mentally and physically fitter lives in an elderly community and thereby postpone and / or reduce the health burden on the NHS. “

Kevin Beirne, Director Retirement at Octopus Real Estate, said, “This second close to the fund is a confidence boost for the future of the retirement community, which has been resilient in the face of the difficult conditions of the pandemic. We have seen the underlying strength of the age groups and they are likely to show real resilience going forward.

“We are very excited to be working with Schroders in a rapidly growing sector that will have an impact on both a fund and social level. We are working on a strong pipeline and look forward to creating more communities in the months and years to come. “

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