Schroders wins £135 million Boots property mandate
Boots Pension Scheme has appointed Schroders’ Property Multi-Manager team to manage a £135 million portfolio. The Scheme is seeking a diversified exposure to the UK property market through investing in selected core, value-added and opportunistic property funds.
Graeme Rutter, Co-Head of Property Multi-Manager, Schroders commented:
“We are really pleased to have been selected by one of the leading UK corporate pension schemes to manage their property account. Our scale has given us the ability to offer portfolio solutions and access manager talent in a way that is impossible for smaller advisors.”
William Hill, Head of Property at Schroders, commented:
“The Multi-Manager area is a very important part of our property business at Schroders and one where we have had a considerable amount of success. The industry is at an interesting stage in its development and we look forward to working with clients such as Boots in exploiting the opportunities ahead."
Schroders’ property multi-manager business was launched in 1997 and manages approximately £2.5 billion of assets. Schroders has a total of £10.2 billion of property under management (31 March 2012).
For further information, please contact:
Schroders Property Investment Management Limited Estelle Bibby or Caroline Smith, +44 (0)20 7658 6000 / firstname.lastname@example.org
Notes to editors:
For trade press only
Schroders has managed property funds since 1971 and has £10.2 billion (EUR 12.2 billion / US$ 16.3 billion) of gross property assets under management (at 31 March 2012) and has around 100 property staff located in 9 offices across the UK and Europe.
All of the property funds referred to are unauthorised collective investment schemes as defined in the Financial Services and Markets Act 2000. Promotion of these funds is restricted and access to full information about these funds is only available to those exempt from the restriction. For further information about Schroders’ property business visit www.schroderproperty.com
Schroders is a global asset management company with £199.6 billion (€238.9 billion, $310.1 billion) under management as at 31 March, 2012. Our clients are major financial institutions including pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. Further information about Schroders can be found at www.schroders.com or on Schroders Talking Point www.schroders.com/talkingpoint. Schroder Property Investment Management Limited and Schroder Investment Management Limited are authorised and regulated by the Financial Services Authority. Issued by Schroder Property Investment Management Limited. Registration no. 1188240 England.