03 October 2017
London
Reporter: Theo Andrew

Royal London launches £2.7 billion UK real estate fund


Royal London Asset Management (RLAM) has launched a UK property fund, the Royal London UK Real Estate Fund (RLUKREF), totalling £2.7 billion.

The fund, open only to sophisticated institutional investors, is fully seeded by Royal London.

RLUKREF will target prime properties in locations such as New Bond Street, Covent Garden and Trafalgar Square, across all major sectors.

According to Royal London, the fund will target a long-term investor horizon. It requires an initial investment of £50 million.

Piers Hillier, chief investment officer at RLAM said: “This fund launch is a vote of confidence in the UK and its real estate market. There are few places in the world with as many prime real estate assets as London, and we believe its property market presents an attractive opportunity for domestic and foreign institutional investors.”

He added: “The long-term outlook for UK property remains attractive and the prime nature of this offering provides an excellent opportunity for long-term investors to gain exposure to a high-quality and well-diversified property portfolio.”

Drew Watkins, senior fund manager at RLAM added: “This launch gives institutional investors a unique opportunity to access a significant number of quality property assets which are not often traded, and especially not within a single investment fund.”

RLAM currently manages over 300 properties with a value of £6.4 billion.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
BMO adds nine assets to UK portfolio
23 October 2017 | London | Reporter: Theo Andrew
The properties are spread across the office (35.9 percent), industrial (34.5 percent), retail warehousing (22.5 percent) and retail sectors (7.1 percent), reflecting an initial yield of 4.8 percent
Kennedy Wilson Holdings completes $8 billion merger with European arm
20 October 2017 | California | Reporter: Theo Andrew
The $1.98 billion (£1.5 billion) deal equated to an offer of $15.49 (£11.74) per KWE share, a 20 percent premium on the $12.91 (£9.79) per share closing price on 21 April
Aviva acquires Bristol redevelopment
20 October 2017 | Bristol | Reporter: Becky Butcher
Aviva Investors has purchased the first phase of a redevelopment business park in Bristol for £30 million
Coyote names Rob Bould as non-executive director
19 October 2017 | London | Reporter: Theo Andrew
Rob Bould, who has 40 years of real estate experience, will help grow the data platform, which will track, manage and report the performance of real estate assets in real-time
Hammerson expands flagship Parisian shopping centre
19 October 2017 | Paris | Reporter: Theo Andrew
The 11,000-square metre property adjoins its Les Trois Fontaines centre, the firm’s recently refurbished flagship asset in Paris
SELF II reaches €500 million on third close
19 October 2017 | Paris | Reporter: Theo Andrew
The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy
Encore+ adds Dutch office for €50 million
18 October 2017 | Eindhoven | Reporter: Theo Andrew
The the pan-European open ended core-plus fund is co-managed by Aviva Investors and LaSalle IM, as fund manager and asset and transition manager, respectively