Hampshire and Essex pension funds have collectively invested £1.3 billion in a fresh property fund under the ACCESS investment pool, which serves 11 Local Government Pension Scheme funds. Managed by CBRE Investment Management, this new fund complements their existing UK core and global real estate mandates.

The two pension funds, holding assets of £9 billion and £9.6 billion respectively, have each contributed approximately £650 million to the initiative. The investment is part of ACCESS’s broader strategy, which manages total pooled assets worth £35 billion.

This announcement follows the January launch of the pool’s UK affordable housing mandate, which secured initial commitments estimated at £125 million. Additionally, ACCESS has expanded its investment portfolio this year with the introduction of two global timberland mandates and two infrastructure investments.

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