Pension fund commits £20m to AEW UK Real Return Fund

This post first appeared on Property Week. Read the original article.

Primelife lincoln

The fund, which targets a real total return of 4%, has deployed around half of this additional capital with the acquisition of two residential care homes let to Prime Life, based mainly in Lincolnshire and the East Midlands.

Ian Mason, portfolio manager at AEW UK Real Return Fund, said: “We are delighted to have received this endorsement from Worcestershire County Council, which demonstrates the appeal of our innovative real estate strategy.

“We have already put much of this additional capital to work and see a positive pipeline in a diverse range of property sectors including care homes, leisure and car showrooms, as well as the traditional sectors.”