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SYPA expands place-based real estate deal to £65m

(Andrew Stone, assistant director of investment strategy at SYPA, credit: Mark Flynn)

The Border to Coast partner fund has committed an additional £15m to a place-based real estate investment managed by St Brides called the White Rose Residential Partnership. 

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South Yorkshire Pension Authority (SYPA) has had a long-standing arrangement with St Brides which has been in effect since 2019.  Initially, SYPA committed £50m

An increase in assets and improving funding levels paint a positive picture for the LGPS, but changes to contribution rates, valuation assumptions and costs reveal a more complex financial outlook.