UK asset manager Scottish Widows Investment Partnership (SWIP) is looking to raise a £200 mln (EUR 218 mln) for a new fund to take advantage of the price correction in seven main cities in the UK.
UK asset manager Scottish Widows Investment Partnership (SWIP) is looking to raise a £200 mln (EUR 218 mln) for a new fund to take advantage of the price correction in seven main cities in the UK.
In an interview with PropertyEU at EXPO REAL, SWIP said the Jersey-registered fund would seek to acquire prime office, retail and industrial assets in London, Bristol, Birmingham, Manchester, Leeds, Edinburgh and Glasgow over an 18-month period.
The fund is open to institutional investors and will have a life of 5-7 years. SWIP has also teamed up with Cushman & Wakefield Investors to launch a diversified pan-European urban retail property fund, PURetail. Aimed at institutional investors, the fund’s focus will be on core city centres across Europe.
