Schroders Capital and University Pension Plan Ontario (UPP) have formed a European logistics and industrial real estate investment partnership.
As part of the new partnership targeting Northwestern Europe, the Canadian pension fund has acquired an interest in Schroders Capital’s portfolio of industrial logistics and warehousing assets in the Netherlands.
Financial details were undisclosed.
Peter Martin Larsen, senior MD and head of private markets, UPP, said: “We are delighted to establish this partnership with Schroders Capital. The partnership supports our strategy to build a resilient, income-generating real estate portfolio by partnering with leading real estate specialists focusing on markets with strong fundamentals.
“By partnering with Schroders, we are strengthening our European real estate platform while positioning ourselves to deliver reliable, long-term, inflation-linked returns for our members.”
Nick Montgomery, global head of real estate, Schroders Capital, said: “We are thrilled to welcome UPP as a strategic partner and investor in our logistics and industrials portfolio.
“UPP’s long-term approach and strong focus on responsible investment are closely aligned with our own values. This partnership exemplifies growing institutional confidence in our platform and underscores the relevance of our pan-European, sector-focused strategy for secure and sustainable returns.”
Pieter Akkerman, co-head of real estate Netherlands and portfolio manager, Schroders Capital, said: “There is a clear opportunity set in this sector and our strategy aligns with the long-term occupational trends in logistics and industrial sectors.
“The growth of e-commerce from the expansion of online shopping, supply chain resiliency, the tight supply of quality assets and increased sustainability standards are all driving investment opportunities across AAA-rated European economies.
“We have an established portfolio, delivered by a team with local operational expertise across the Netherlands and Germany, combined with the global capabilities of the Schroders Capital platform.”
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