Radio 4's "Today" programme this morning had an interview with a spokesman from the RICS about institutions investing in infrastructure, and the role that Chartered surveyors could play in valuation and advice. It seems that institutions are looking at possibilities related to property that are not what they would usually have gone for in the past, as witness the note below about PRS investment by Coal Pension Trustees. Long term cash production - as well as security - is paramount.
Coal Pension Trustees is looking to invest in the UK’s private-rented sector (PRS), according to its head of investment strategy.William Dinning told delegates at this year’s IPD/IPF Property Investment Conference in Brighton that the fund is considering a move into the increasingly popular housing market.“We are starting to get into residential,” he said. “I can see us developing in residential the way we have with commercial – it could be 10% of our overall allocation.”PRS is interesting for the UK’s closed coal industry pension fund, Dinning said, as “another way to access a cash-producing asset”.