eBooks

06 November, 2026

The future operating model for UK real estate

Windmills with evening  sky

UK real estate fund management is getting more demanding.

Local government pension scheme (“LGPS”) pooling is concentrating the buyer universe, fee pressure is testing margins, and defined-benefit capital is becoming less available. Investors now expect more on governance, data, reporting, and liquidity management.

Many of these forces sit outside a manager’s control. How they respond does not.

Created in partnership with Real Estate:UK, this eBook draws on a roundtable of chief operating officers and industry leaders, and a webinar presenting a new fund resilience playbook. It explores how investor dynamics, fee pressure, data, and artificial intelligence (“AI”) operational scalability and differentiation are reshaping the operating model, and sets out a practical seven-point agenda for managers.

Download the eBook to discover:
  • How LGPS consolidation and defined contribution (“DC”) access are changing what investors expect

  • Why margin discipline has become a core operating model issue

  • What it takes to make AI and technology work, starting with data

  • How to align liquidity, governance, and product design

  • Where to compete: scale, specialism, or a clearly defined combination

Fund managers will need to prove they can invest well and operate successfully under pressure. Start by focusing on the controllables.

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