LGPS Pooling: The Ten Billion Pound Indirect Question
According to the “Findings of Project Pool”, a report which has formed the basis of discussion between the Local Government Pension Schemes (LGPS) and the Government on the best way forward with the asset pooling initiative, the greatest savings from real estate pooling will arise from the migration from indirect to direct ownership. According to research by DTZ Investors, LGPS pools hold over £10bn of the AREF/IPD UK Quarterly Property Fund Index, equating to more than 20% of the Index by value. If a high proportion of LGPS investors look to liquidate their holdings at the same time, the impact on the UK property market would be significant.
Download our report above to find out more about the findings of our research; the implications this could have on the UK property market; why we think addressing the issue now should benefit all parties; and its possible impact on the future of the unlisted property fund market.