ACCESS Pool, Essex, England, has selected Aviva Investors to manage a £250 million ($318 million) long-lease property mandate, according to a news release.
The mandate will be managed by Aviva Investors on behalf of the Lime Property Fund, which targets cross-sector property investments around the U.K. let to tenants on leases of over 15 years.
Mark Kemp-Gee, chairman of the ACCESS joint committee, said in the news release: “The demand for alternative income from our partners is likely to increase considering the current environment, so this is an important addition to the ACCESS Pool’s suite of alternative funds.”
ACCESS (A Collaboration of Central, Eastern and Southern Shires) is made up of local government pension schemes in England and has assets totaling £40 billion on behalf of its member pension funds as of December 2023.
