- Strategic Expansion: Schroders Capital wins a £2 billion real estate mandate, building on last year’s £500 million private equity mandate from the Wales Pension Partnership (WPP).
- Impact Investment: Up to £400 million to be allocated to positive impact projects across Wales, including local employment, affordable housing, and healthcare.
- Partnership Strengthened: This mandate highlights Schroders Capital’s commitment to sustainability and long-term value creation in collaboration with WPP.
Schroders Capital, the $97.3 billion private markets arm of Schroders Group, has been awarded a £2 billion real estate mandate by the Wales Pension Partnership (WPP). This significant win follows last year’s £500 million mandate for global private equity investment, further solidifying the collaboration between Schroders and WPP, one of the eight Local Government Pension pools in Wales.
Schroders Capital plans to deploy up to £400 million of this mandate into projects that generate positive impact across Wales, focusing on local employment, affordable housing, and healthcare. Additionally, the investment will target broader UK impact opportunities, aligning with WPP’s net-zero ambitions and social impact goals. The remaining funds will be invested in UK core real estate, including industrial, retail, office sectors, and specialized real estate such as hotels, self-storage, and student accommodations.
“We are very pleased to further strengthen our partnership with WPP,” said Sophie van Oosterom, Global Head of Real Estate at Schroders Capital. “Our clients and investors increasingly demand more from their real estate exposure—sustainability, positive impact, and operational excellence are now essential. Our partnership with WPP demonstrates the strength of our proposition.“
Schroders Capital’s Real Estate team, managing £22.1 billion in global assets, is dedicated to delivering long-term sustainable performance through tailored investment and asset management solutions. The team employs a hospitality-led approach to ensure operational excellence and value optimization.
Paul Myles, Head of LGPS Business Development at Schroders, emphasized, “We look forward to working with WPP on this second private markets mandate. We are committed to delivering comprehensive investment solutions that meet the complex needs of our sophisticated clients, both in terms of financial returns and impact targets.“
The partnership with WPP reflects Schroders Capital’s capability to provide access to a broad spectrum of real estate opportunities while maintaining a sharp focus on sustainability and positive social impact.
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Cllr Elwyn Williams, Chair of the Joint Governance Committee at WPP, remarked, “The appointment of Schroders Capital concludes the majority of the private markets investment managers for WPP. Real Estate is a core asset class for the eight Welsh Constituent Authorities, and Schroders Capital will provide the investment needed to meet their local strategic asset allocations.“
This mandate is a clear endorsement of Schroders Capital’s leadership in the real estate investment space, emphasizing their ability to meet the advanced demands of today’s investors while driving long-term value and impact.