One of the largest pension pools in the UK, Border to Coast, has appointed its first head of real estate to lead the development of property funds which could total as much as £5bn.
Tim Sankey will join from Aberdeen Standard Investments after working for 17 years at the business, most recently as its fund manager for the Aberdeen UK Property Fund.
He will oversee the development of two funds: a predominantly direct UK fund earmarked for a 2023 launch and an indirect global fund to be launched in 2022.
Sankey will be joined by portfolio manager Paul Campbell and property programme manager Peter Lunn, who recently launched the business.
Border to Coast chief investment officer Daniel Booth said: “Tim brings a wealth of experience of property investing, together with hands-on experience of building and running property funds. We are looking forward to working with him as we deliver high-quality investments for our partner funds.”
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