Border to Coast on track to launch property funds despite Sankey exit | News

Tim Sankey, who joined Border to Coast Pension Partnership as head of property just over a year ago, has left to lead the European segregated accounts practice at the property fund manager AEW.

Border to Coast, which is in the process of launching pooled property funds for its 11 Local Government Pension Scheme (LGPS) members, has confirmed to IPE Real Assets that it is recruiting for a full-time replacement.

When appointed in late 2020, Border to Coast said Sankey would lead the development of its property offering, including a global property fund of funds and a direct UK property fund, to be launched in 2022 and 2023. respectively.

A spokesperson said Border to Coast still intends to launch both vehicles within that time frame.

The global fund of funds, to be launched first, is led by portfolio manager Paul Campbell.

AEW said it has appointed Sankey to lead separate accounts in London. He will lead the team which focuses on clients with large property portfolios in the UK and Continental Europe.

Sankey previously spent 16 years at Aberdeen Asset Management (now Abrn), managing property funds and segregated accounts for UK and international investors.

Rob Wilkinson, CEO of AEW, said: “Segregated accounts are an integral part of our service offering at AEW, as we continue to put our clients at the forefront of our efforts and provide them with innovative investment solutions. in the European real estate sector.

“With his extensive experience in fund, investment and asset management, Tim will play a key role in advising and delivering results for our clients, as well as continuing to grow this business.”