Pension fund acquires London resi scheme ground rents

23rd December 2016

The Nationwide Pension Fund has acquired the ground rents on a portfolio of some of London’s highest-profile residential schemes, including Wardian London in Canary Wharf, and the second phase of the “mini-Mahattan” London City Island development on the Leamouth Peninsula. The second phase of Embassy Gardens in Nine Elms is also included. The deal, which covers more than 2,500 units across the three sites, will generate rents worth over £1.6m per year to the pension fund.

Property Week (16/12/2016)