ACCESS Pool hires Orchard Street as real estate manager | Investor Experience

The Jewish Community Council has made an initial investment in impact real estate of £100m to accelerate the cleaning of existing assets.

The ACCESS Pool, a partnership of eleven Local Government Pension Scheme (LGPS) managing authorities in the UK with combined assets of around £45bn (€53bn), has hired Orchard Street Investment Management to manage its impact land planning.

The combined LGPS has made an initial investment in real estate of £100m, following recent allocations to other private market sectors, including eat cheap houses and wood.

Orchard Street will focus on clearing houses as well as providing attractive returns, the two parties said.

The recent division involving real estate “marks an important step in our ongoing effort to expand in the private market”, said Mark Kemp-Gee, chairman of the ACCESS joint committee.

Tender process

ACCESS Pool chose The Orchard after a competitive process, which was initiated by Apex Investment Advisory in July, because if its “history of the effects of investing in commercial real estate and their reputation on the financial investment”, said Kemp-Gee.

Kemp-Gee hoped that the new partnership will provide “long-term income participation for our members with measures to reduce obesity, improve health and create social relationships with local communities and an owner that fits well with all the results that our people need”.

Philip Gadsden, managing partner of Orchard Street, said the commitment from the ACCESS pool is “a testament to our strong investment record.”

Following the launch of the Orchard Street social and environmental impact fund, with the cornerstone investment from the Brunel Pension Partnership, the collaboration with the ACCESS pool “adds a second LPGS Pool to our facility stability of the community”, said Gadsden.