Swiss Life Asset Managers UK has been appointed as investment manager of a new account mandate for Christ’s Hospital’s UK commercial property portfolio.
Swiss Life Asset Managers UK has been appointed by Christ’s Hospital as the investment adviser of a new separate account mandate for it’s £120m UK commercial property portfolio.
Christ’s Hospital is an exempt charity with a total endowment valued at £440m, with approximately 40% allocated to commercial and rural property.
As a leading charity, Christ's Hospital works to address disadvantage through transformative education. Established in 1552, the school offers free and reduced-cost places to over 600 students each year, making it the largest provider of such opportunities in the UK.
The value of the school’s endowment ensures this number of bursary places can be provided annually.
The core-plus mandate will aim to deliver attractive long-term returns through stock selection and proactive asset management. This strategy leverages Swiss Life Asset Managers’ thematic investment approach, which will recast the portfolio towards assets aligned with structural tailwinds most likely to support long-term income and capital growth. ESG risk mitigation and improving asset-level ESG credentials will be prioritised.
Tim Munn, CIO at Swiss Life Asset Managers UK, comments: “Our appointment by Christ’s Hospital is a testament to our successful track record in advising UK charities on their property investments, and we look forward to working with Christ’s Hospital to build a portfolio that can deliver secure, resilient and sustainable income with good growth prospects.”
Jenny Baxter, COO at Christ’s Hospital, adds: “We are delighted to have appointed Swiss Life Asset Managers UK as our property investment manager. We are confident that the team will position our property investment portfolio to deliver attractive performance over the long term to further our charitable mission. We look forward to working with the team.”
Information
Munleen Sibia
Swiss Life Asset Managers UK
Tel: +44 (0) 207 495 1929
Email: munleen.sibia@swisslife-am.com
Stephanie Ross
Kaso Legg Communications
Tel: +44 (0) 772 991 1301
Email: stephanie@kl-communications.com
Imogen Cromack
Kaso Legg Communications
Tel: +44 (0) 7860 342 324
Email: imogen@kl-communications.com