Schroders Capital’s real estate team, acting on behalf of Greater Manchester Pension Fund (GMPF), has acquired a 59-bed care home in south-west London for £14.2 million (€16.6 million).
This latest deal is the fifth acquisition for GMPF over the past 12 months, with investments totalling £130 million, generating an average yield of more than 6% based on the gross acquisition prices.
The five acquisitions include Murieston Crescent, Edinburgh, a 120-bedroom purpose-built student accommodation asset; Brackmills Central Industrial Estate, Northampton, a 273,000 square foot multi-let industrial asset; a Volkswagen car showroom in Brentford; 10 Victoria Street, in Bristol, a prime 47,000 square foot office building in the city centre; and the Sherwood Grange Care Home, in Kingston-upon-Thames – the latest purchase.
Source: IPE Real Assets, 8 April 2025
https://realassets.ipe.com/news/schroders-snaps-up-london-care-home-for-greater-manchester-pension/10129922.article