Greater Manchester Pension Fund backs Henley property trust

Henley Investment Management has secured investment from Greater Manchester Pension Fund for its Secure Income Property Unit Trust II, a fund focused on UK social housing. The open-ended fund invests in residential accommodation for individuals classified as vulnerable through learning disabilities, autism or mental health needs and those with additional care requirements. It works with local authorities and care providers across the UK and has a target funding commitment of £200m annually. Stuart Savidge, fund managing director at Henley Investment Management, said: “We appreciate that at the core of this investment is about creating better outcomes for vulnerable individuals while also generating income for the members of the pension fund. “We admire how driven GMPF is to improve outcomes across their portfolio and are delighted to be part of their solution in addressing social needs.” Gerald Cooney, chair of the Greater Manchester Pension Fund, added: “Our impact portfolio seeks to meet our twin aims of investing locally and creating a positive impact while generating a positive financial return to meet our pension obligations. “The provision of specialised social housing is particularly acute in the North West and Henley will be investing in high-quality accommodation for vulnerable individuals, as well as providing a secure income stream for our pension fund.”