Local authorities begin to find their feet in infrastructure
Infrastructure investment is of particular interest to the LGPS now that pooling is well underway. Matthew Craig looks at how local authorities can avail of the opportunities in the asset class.
Hearthstone Investment Management partner & director – investor relations, Cristoforo Rocco di Torrepadula, believes that the private rented sector (PRS) can be considered infrastructure, saying: “I believe that PRS should be seen as a key component within infrastructure on the basis that housing investments and urban regeneration projects depend on much the same factors and drivers such as economic growth, employment, and the various components of social/community infrastructure such as transport, schools, medical and retail services. Institutions will not invest unless all of the social infrastructure components are there as well.”