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 £101m 5-year real estate loan to fund managed by PATRIZIA AG

Canada Life Asset Management today announced it has completed a £101.15 million loan to PATRIZIA AG, a leading partner for global real assets, for a fund it manages on behalf of a South Korean pension fund. The five-year loan is secured on a portfolio of five UK multi-let industrial and logistics estates with a loan-to-value ratio of 58 per cent.

The highly diversified portfolio, totalling 1.5 million square feet, is located across five different regions of the UK and has over 70 tenants. The properties include established estates in Birmingham, Feltham, Aylesford and Fife, as well as a new-build asset in Braintree, Essex.

Nicholas Bent, Head of Real Estate Finance at Canada Life Asset Management, said: “We are delighted to work with PATRIZIA AG, a leading real estate investment manager, to provide this portfolio loan of £101 million, highlighting our capability to fund large transactions.

Reaching the halfway point of 2021, we have demonstrated a strong appetite for commercial real estate loans. Our recent originations involve strategic targeting of high-quality sponsors in markets that we believe will continue to perform well as we emerge from the pandemic.”

Canada Life Asset Management’s property lending business has a 30-year track record within the UK and has further expanded its lending ambitions over recent years, now targeting £1 billion of new lending each year. All of Canada Life Asset Management’s loans are managed in-house by its dedicated London team.

PATRIZIA AG is among the top 10 independent investment managers for real estate in Europe.

Canada Life Asset Management was advised by Taylor Wessing LLP (UK counsel) and Knight Frank’s valuation team.

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