Tim Sankey was named head of real estate at Border to Coast Pensions Partnership, Leeds, England, a spokesman said.
The role is new. Mr. Sankey leads work on a new real estate allocation with an expected £5 billion ($6.5 billion) in assets. The new exposures to global indirect real estate and to direct U.K. real estate are expected to launch in 2022 and in 2023, respectively.
Mr. Sankey is also responsible for recruiting a dedicated real estate team to manage the new allocation at the £46 billion pool of U.K. local authority pension funds.
“Tim brings a wealth of experience of property investing together with hands-on experience of building and running property funds. We are looking forward to working with him as we deliver high quality investments for our partner funds,” Daniel Booth, CIO at Border to Coast, said in a news release.
Mr. Sankey worked at Aberdeen Standard Investments as a fund manager until May 2019. George Shaw, also a fund manager, assumed responsibilities for Aberdeen’s U.K. property fund that Mr. Sankey had managed, the firm’s spokesman said.