Just Group has invested £255m in three infrastructure projects.

The FTSE 250 retirement specialist provided £89m to Vantage Towers, Europe’s second-largest wireless tower operator, £86m to Adapteo Group for its portfolio of sustainable modular buildings, and £80m to Nordiqus, which operates more than 600 educational facilities across the Nordics. The Vantage Towers investment formed part of a €2bn multi-tranche private placement, one of the largest in Europe this year, to refinance critical digital infrastructure. Meanwhile, the Adapteo investment will help expand its portfolio of circular modular buildings for social infrastructure, which in 2024 supported around 176,000 students across 1,100 schools and daycare centres. The £80m Nordiqus financing will support the continued operation and development of energy-efficient educational facilities across Scandinavia. Just Group director of credit and private assets, Mohamed Tabi, said: “At Just we help people achieve a better later life - it’s our purpose and why we exist. Our growing investment in critical infrastructure projects demonstrates our commitment to supporting the essential systems that underpin society. These investments not only contribute to a more resilient economy but also generate the sustainable, long-term returns that deliver security and peace of mind for our customers.”

Barnett Waddingham (BW) has relocated its Glasgow office to a net-zero development.

The move sees BW take up residence on the seventh floor of Cadworks, one of the UK’s most sustainable office buildings and the first net-zero development in Glasgow. The relocation follows the firm’s recent acquisition by Howden, and supports BW’s hybrid working model, employee wellbeing initiatives, and client engagement. With a Glasgow presence since 2003, BW said the new office represented both an investment in the firm’s people and a reaffirmation of its long-term commitment to clients across Scotland. BW senior partner, Andrew Vaughan, commented: “This relocation to Cadworks marks a significant investment and demonstrates our long-term commitment to our Scottish clients. As part of Howden, we are stronger together, and this move positions us perfectly to deliver enhanced service to our clients while supporting our team’s continued growth.” BW head of public sector and Glasgow office lead, Barry McKay, added: “Our new home at Cadworks provides the perfect platform for our next phase of growth in Scotland. This fantastic central location gives us the space and capability to expand our services while building on the close client relationships that have been central to our success for over two decades.”

People’s Pension has appointed Invesco to manage £260m in Collateralised Loan Obligations (CLO) assets, in what is believed to be the first strategic CLO allocation by a UK master trust.

The investment accounts for around five per cent of the scheme’s default fixed income allocation and will combine direct CLO exposure with Invesco’s AAA-rated CLO ETFs. The move is designed to enhance diversification, improve income generation, and increase portfolio resilience for members. People's Pension co-head of fixed income, Charlotte Vincent, said: “We wanted to diversify our fixed income exposure and offer our members an innovative long-term income-generating solution as part of their default investment. We believe Invesco’s ability to access the CLO market through AAA ETFs has made this accessible and offers the transparency, liquidity and investment outcomes we are seeking to achieve.” She added that CLO ETFs allow defined contribution (DC) schemes to “tap into a broader opportunity set, reducing concentration risk and improving overall portfolio resilience”.

LGPS Central has committed £58m to the Octopus healthcare fund.

The investment, the group’s first in the care home sector, brings its total social residential commitments to £165m and increases LGPSC’s social residential allocation to 35 per cent of its property portfolio. The Octopus healthcare fund owns and operates more than 100 modern, purpose-built care homes across the UK and has received a 5-star GRESB rating for ESG performance for the third consecutive year. LGPS Central property investment director, Mike Hardwick, said: “This commitment takes us to our target weighting in the social sub-sector of residential property. The fund’s stable, inflation-linked income streams offer strong alignment with our partner funds’ objectives for long-term, resilient returns. At the same time, the investment supports critical social infrastructure by providing modern, energy-efficient accommodation for older residents and creating employment in local communities.” He added that Octopus was selected for its “deep engagement with care operators” and “integration of nursing professionals in the investment process”, ensuring patient care remains central to the model.

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