Property

OVERVIEW

Property investing at Royal London Asset Management

Property is a distinctive asset class and offers benefits to a range of investors. As a tangible asset, it has strengths and weaknesses that differ from other asset classes and therefore can diversify wider portfolios and strategies. We actively manage portfolios to enhance those strengths whilst mitigating any weaknesses.

Property has been a key investment area for Royal London Asset Management for decades, and we are one of the largest investors in the UK with £9.1bn of assets under management (as at end 30 June 2025) and a strong performance track record of managing best-in-class resilient portfolios.

Investment approach

Investing in ‘need’ and ‘growth’ driven sectors

The Property team invests across the ‘traditional’ commercial sectors of office, retail and industrial as well as in ‘alternative’ sectors, including residential, healthcare, life sciences and natural capital. Informed by data, we invest in sectors that are driven by demand, either where demographic shifts create increased societal need for a sector, or where the growth of that sector facilitates economic growth.

Prime assets

Our portfolios are anchored with high-quality assets in strategic UK locations, which we believe offers resilience during downturns and upside in recovery phases. With this comes our commitment to Responsible Property Investment, building and buying assets that are fit for the future.

Long-term, active asset managers

We are active asset managers and our strategy combines core income generation with asset enhancements over the long term. Our portfolios are more focused on re-development and repositioning as opposed to regular trading, and we seek to gain from managing assets throughout property and economic lifecycles.

Transactional performance

As part of a growing UK platform and backed by the wider Royal London Group client, the Property team are highly active in the market seeking strategic acquisitions. The Property team recently completed 5 of the largest 11 transactions in the UK, showcasing our transactional capabilities and market dominance.

Our team

Mark Evans
Head of Property

Led by Mark Evans, Head of Property and Commercial Development, our team of 65+ professionals average 16 years’ experience.

Dedicated fund managers and sector specialists are supported by ESG experts, a strategy and research team, as well as a market-leading in-house development management team.

Our funds

Royal London UK Real Estate Fund

This is a large and diversified portfolio of UK-based commercial property that has been built up over many decades. Investing in this fund gives an investor access to a range of prime assets that would otherwise be difficult to acquire, as prime properties of this kind rarely come to market. The combined assets of the Fund are around £3.2 billion, with an annual rental income in excess of £108 million (as at 31 March 2024, subject to rounding).

Royal London Property Fund

The aim of the fund and the trust is to carry out property investment in the UK, with the majority of the holdings in London and the south-east. We manage property actively and effectively, buying or building large prime properties and then letting or selling them, according to what we believe will provide the best return on our investment. When our properties are let, the financial strength of our tenants is carefully assessed by our in-house analysts.

We are committed to being a responsible and sustainable investor and manager and look to minimise the impact our properties have upon the environment. We take our commitment to the environment very seriously. As developers and landlords, we are in a position to make a difference. We are making every effort to reduce the energy demand of our properties and developments, and the waste that is produced by them. We also carefully monitor our use of natural resources.

Read more about Responsible Property Investment

News from our Property team

02 October 2025

Royal London Asset Management Property launches £1bn healthcare REIT to accelerate investment in UK care infrastructure

Royal London Asset Management selects Gilbanks to enhance its flagship Birmingham asset

Read press release

18 November 2024

Royal London Asset Management Property acquires 50% share in the centre:mk

Read press release

Property

Property investing at Royal London Asset Management

Investment approach