At a glance
- The manager has expanded its private markets team over the past 10 months.
- The £105 million covers NHS-backed key-worker accommodation supporting 215 hospital staff and an academy school in London that educates 750 students.
- For allocators, the £105 million sits in secured-income real estate rather than corporate lending: sale and leasebacks, income strips, loans and ground rents, which RLAM says are structured to generate secured income.
Royal London Asset Management completed £105 million of real estate finance deals across four long-income transactions, including commercial debt, Alternative Credit Investor reported. The manager has expanded its private markets team over the past 10 months.
The £105 million covers NHS-backed key-worker accommodation supporting 215 hospital staff and an academy school in London that educates 750 students. It also funds a long-term investment in 740 on-campus student beds for a Russell Group university.
For allocators, the £105 million sits in secured-income real estate rather than corporate lending: sale and leasebacks, income strips, loans and ground rents, which RLAM says are structured to generate secured income. Repayment depends on rent or interest running for the full term, with counterparties tied to public-sector uses.
Peter Manners-Smith, head of commercial real estate finance, said the transactions show "how quickly we are turning our private markets ambitions into investments." He said there is "a clear opportunity to connect institutional capital with real estate financing needs across the public sector and beyond."
Reported by the Direct Lending desk from Alternative Credit Investor. Published . Corrections