Important Notice : CLAM’s funds business is now managed by Keyridge

Effective 1 October 2025, Great-West Lifeco has transferred part of the investment management business of Canada Life Asset Management (‘CLAM’) to a sister company, Keyridge Asset Management Limited (‘Keyridge’) under the continued leadership of Mark Giancola, Managing Partner.

With over £135bn in assets under management and close to 300 asset management professionals, Keyridge unites the European third-party asset management businesses of CLAM, Setanta Asset Management, and Irish Life Investment Managers, creating a new asset manager in the UK market. Keyridge is authorised by the FCA to provide investment services in the UK through a UK branch.   

 What does this mean for you? 

. Your investments and services remain unchanged. 
. Your relationship manager continues to be your point of contact for any queries.

 For more information, please visit Keyridge.com or contact your appointed relationship manager. 

Canada Life Asset Management provides £129m real estate loan to refinance Cortland at Colliers Yard

19 January 2026

Canada Life Asset Management is pleased to announce the completion of a £129 million fixed rate loan to real estate investment, development, and management company, Cortland.

The loan will be used to refinance Cortland’s existing debt facility secured against Cortland at Colliers Yard, a stabilised, recently completed 50-storey Build to Rent (BTR) property comprising 559 apartments.

Situated in Salford, on the edge of Manchester city centre, the asset boasts an exceptional level of amenity space, benefits from strong ESG credentials and is sponsored by a syndicate of experienced and well-capitalised investors. 

The completion of the loan represents the first transaction between Canada Life Asset Management and Cortland. 

The transaction was led by Mandy Froede, Director in Canada Life Asset Management’s Real Estate Finance team, supported with expertise from Fieldfisher and Savills. 

Cortland were supported with expertise from DLA Piper and Knight Frank Capital Advisory.

Nicholas Bent, Head of Real Estate Finance, Canada Life Asset Management, commented:  

“We are delighted to announce the completion of this transaction with Cortland. This £129 million facility reflects our confidence in the quality of this landmark Manchester asset. 

“As an experienced and active lender, the completion of this transaction marks another important milestone for Canada Life Asset Management as we continue to expand our presence in the Build To Rent real estate finance market.

“With a strong track record and deep sector expertise, we remain committed to supporting high quality residential assets and providing bespoke funding solutions across the UK and European markets.” 

Debbie McLauchlan, Managing Director, Cortland, commented:  

“This refinancing highlights the strength of Cortland at Colliers Yard in Manchester and the confidence it continues to attract as a high-quality, well-located asset. Manchester remains a compelling residential market, and we’re pleased to have worked closely with Canada Life Asset Management throughout the refinancing process.

“Cortland at Colliers Yard continues to deliver an exceptional living experience for our residents, reflecting the thoughtful design, service, and quality that define the Cortland brand.”

ENDS  

 

Press enquiries should be directed to:  

Katie Ormrod at Canada Life, 07834 740227, katie.ormrod@canadalife.co.uk  

About Canada Life:  

Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a Canadian headquartered, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Through its subsidiary companies, Great-West Lifeco operates in Canada, the United States, and Europe. Great-West Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO and is a member of the Power Corporation group of companies.  

Canada Life Limited began operations in the United Kingdom (UK) in 1903 and provides UK individuals and businesses with a range of retirement, investment, insurance and wealth solutions. Canada Life offers individual annuities, pension de-risking solutions, home finance, estate planning and investment options, and workplace protection products.  

Canada Life Limited (no.973271) is registered in England and Wales, authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Stonehaven UK Limited (no.05487702), trading as Canada Life, is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority. Canada Life International Limited (no.033178C) and CLI Institutional Limited (no.108017C) are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority. Canada Life International Assurance (Ireland) DAC (no. 440141) and Canada Life International Assurance (Ireland) DAC are authorised and regulated by the Central Bank of Ireland.  

Canada Life Asset Management is the brand for investment management activities undertaken by Canada Life Asset Management Limited (no.3846821), Canada Life Limited and Canada Life European Real Estate Limited (no.03846823). Canada Life Asset Management Limited is authorised and regulated by the Financial Conduct Authority.  

Please note that while Canada Life Limited and Canada Life Asset Management Limited are regulated as stated above, property management and the provision of commercial mortgages are not regulated activities.  

www.canadalife.co.uk  

www.canadalifeassetmanagement.co.uk