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Royal London Asset Management has completed four long-income property transactions worth approximately £105M, expanding its private markets business less than a year after launching its commercial real estate finance team.
The deals span key-worker housing, education and student accommodation, with the investment manager targeting secured, long-term income streams backed by property and its operators.
The largest element includes funding NHS-backed accommodation for 215 hospital staff, alongside investment in a London academy school educating 750 pupils and 740 student beds at a Russell Group university.
The transactions are part of RLAM’s push into long-income real estate, using structures including sale-leasebacks, income strips, loans and ground rents, the company said. The investments are designed to provide institutional investors, including pension funds, with predictable and potentially inflation-linked income, RLAM added in an update.
“These transactions show how quickly we are turning our private markets ambitions into investments,” RLAM Head of Commercial Real Estate Finance Peter Manners-Smith said in a statement.
“There is a clear opportunity to connect institutional capital with real estate financing needs across the public sector and beyond. For clients, the focus is on securing income streams that match their liabilities and meet the needs of UK pensioners,” he added.
RLAM Head of Long-Dated Origination Shailendra Shah said the deals demonstrated the range of financing opportunities available through partnerships with property owners and operators.
The move is part of a broader expansion of RLAM's private markets capabilities, and the manager, part of mutual insurer Royal London, oversees £212B in assets across its investment business as of June 2026.
Its established property operation had £9.1B under management at the end of June 2025, investing across commercial property and alternative sectors including residential, healthcare and life sciences.
RLAM has been building out its private assets platform through new lending strategies and acquisitions. It launched an asset-backed finance fund in October 2025 focused primarily on senior secured lending and acquired infrastructure investment manager Dalmore Capital, which brought approximately £6B of assets.
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