Schroders Capital & UPP form strategic partnership in European logistics and industrial real estate​

Schroders Capital and University Pension Plan Ontario (UPP) have formed a strategic partnership to invest in high-quality logistics and industrial real estate across Northwestern Europe.

This partnership combines long-term capital and sector expertise, with a shared focus on long-term value creation and embedding material environmental, social, and governance considerations into asset management to support effective risk management and long-term pension security. It also supports UPP’s strategy to build a well-diversified real estate portfolio focused on stable, long-term returns for members.

Schroders Capital’s real estate team focuses on a range of mid-sized, urban, industrial logistics assets in high-demand locations, including income-generating land and last-mile distribution. They pursue long-term steady returns correlated to inflation through a mix of capital gains and income, delivered by a team of more than 50 real estate professionals, harnessing strong local operational expertise across core markets and a strong track-record of outperforming the industry benchmark since managing the assets in 2006.

Peter Martin Larsen, Senior Managing Director and Head of Private Markets, UPP, said:

“We are delighted to establish this partnership with Schroders Capital. The partnership supports our strategy to build a resilient, income-generating real estate portfolio by partnering with leading real estate specialists and focusing on markets with strong fundamentals. By partnering with Schroders, we are strengthening our European real estate platform while positioning ourselves to deliver reliable, long-term, inflation-linked returns for our members.”

Nick Montgomery, Global Head of Real Estate, Schroders Capital, said:

“We are thrilled to welcome UPP as a strategic partner. UPP’s long-term approach and strong focus on responsible investment are closely aligned with our own values. This partnership exemplifies growing institutional confidence in our platform and underscores the relevance of our pan-European, sector-focused strategy for secure and sustainable returns.”

Pieter Akkerman, Co-Head of Real Estate Netherlands and Portfolio Manager, Schroders Capital, said:

“There is a clear opportunity set in this sector and our investment thesis aligns with the long-term occupational trends in logistics and industrial sectors. The growth of e-commerce from the expansion of online shopping, supply chain resiliency, the tight supply of quality assets and increased sustainability standards are all driving investment opportunities across AAA-rated European economies.

We have established capabilities delivered by a team with local operational expertise across the Netherlands and Germany, combined with the global capabilities of the Schroders Capital platform.

We’re pleased in the trust placed in us by UPP.”

For further information, please contact:

Rachael Dowers, Media Relations Lead, Private Markets
+44 207 658 2086
[email protected]

Jessye Brandon, PR Manager
+44 207 658 3789
[email protected]

UPP media contact
[email protected]

View the latest press releases from Schroders and UPP:

About UPP

University Pension Plan Ontario (UPP) is a jointly sponsored defined benefit pension open to all Ontario university sector employers and employees. UPP manages $12.8 billion in pension assets and proudly serves over 44,000 members across six universities and 18 sector organizations. The plan invests to deliver secure, stable pension benefits for members today and for generations to come. For more information, please visit myupp.ca and follow UPP on LinkedIn.

About Schroders Capital

Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 30 June 2025 (including non-fee earning dry powder and in-house cross holdings)

About Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Marketing material for Qualified Investors only. Schroder Fund Advisors LLC (“SFA”) is a wholly-owned subsidiary of Schroders Investment Management North America Inc. (SIMNA), NRD Number 12130. SFA is registered as a limited purpose broker-dealer, CRD Number 24129, with the Financial Industry Regulatory Authority (FINRA) and as an Exempt Market Dealer with the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. SFA and SIMNA are wholly-owned subsidiary of Schroders plc, a UK public company with shares listed on the London Stock Exchange. This document is delivered to certain qualified recipients only and may not be communicated, disclosed or quoted from except as specifically approved by Schroder Investment Management North America Inc. Schroders investment products are only available to Permitted Clients as that term is defined by Canadian securities laws. This document does not constitute an offer to sell securities. Qualified investors will receive material documentation containing important information about their investments prior to investing. Schroder Fund Advisors LLC, 7 Bryant Park, New York, NY 10018-3706.

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