The boss of the railway workers pension scheme won’t be investing in ground rents anymore because the sector is too “emotive”, according to the website IPE Real Assets. “When you’ve got an institutional investor on the other side, or a corporate, it’s easier,” he told IPE Real Assets, which describes itself as “an indispensable source of intelligence for the global community of senior institutional real assets investors. Most punters in the ground rent game hide their beneficial ownership behind nominees, usually offshore. We will still invest in residential real estate, but it changes the way we look at things. ”Chilman says that when Railpen invested in ground rents, acquiring Vista Tower and a number of other buildings over 18 metres, the cladding used “was acceptable”.

Source: The Times January 04, 2023 12:50 UTC