Border to Coast Pensions Partnership (Border to Coast), one of the largest pension pools in the UK and was established in 2018, has appointed of Tim Sankey as its first Head of Real Estate
According to the statement, Tim Sankey will lead the development of property funds that could be worth potentially £5 billion for the Border to Coast Partner Funds. This is likely to be based on two property funds, a predominately direct UK fund and an indirect Global fund.
Border to Coast is working towards launching the Global fund in 2022 and the UK fund in 2023. Tim Sankey will be responsible for recruiting a dedicated real estate team to manage the new funds.
Tim Sankey joined Border to Coast from having worked for Aberdeen Standard Investments (ASI) for 17 years, most recently as the Fund Manager for the Aberdeen UK Property Fund. While there he was also the Fund Director for a major middle eastern Sovereign Wealth UK property portfolio. Prior to this he worked as a Senior Surveyor for Strutt & Parker.
“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,” said Daniel Booth, Chief Investment Officer at Border to Coast.
Tim Sankey said: “This is a fantastic opportunity to join Border to Coast. Underpinned by long term investors, our collective scale gives us real opportunity to lower costs and deliver strategic investment benefits, including expanded market access with improved diversification and risk management.”