Advised by Aberdeen Investments, this investment from Border to Coast Pensions Partnership will see 93 houses and 46 apartments built.

This is Border to Coast’s first investment into SFH, which is a focus of its UK Real Estate Fund. Ten of the partnership’s funds have committed £2bn into this since October 2024.

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“The UK faces a significant shortfall in quality homes to rent and our first investment in SFH at Springstead Village will help meet this demand, aligning social and economic value with long-term returns for Partner Funds in a UK growth sector,” said Joe McDonnell, CIO at the Border to Coast Pensions Partnership.

“The investment is a clear demonstration of the power of LGPS pooling to unlock access to strong investment opportunities across the UK.

“Our UK real estate fund, the largest of its kind in the LGPS, seeks to direct long-term capital into the UK, delivering stronger returns that support the efficient payment of pensions for millions of local government workers.”