This is an HTML version of an attachment to the Freedom of Information request 'Property holdings in Pension Fund'.

Mr Samuel Hall
Corporate Finance 
Westminster City Council 
64 Victoria Street 
Telephone 0207 641 3921
Our ref: 8966466
Your ref: 
Date: 15 May 2019
Dear Mr Hall
Freedom of Information Act 2000
Thank you for your recent Freedom of Information request. You asked to be provided 
with the following information:
I would like to request the following information: 
1) The full details of what real estate assets the Westminster Pension Fund currently 
invests in, including the name and amounts of each type of real estate asset or 
investment being held. 
This information should be broken down into the different categories, including: 
- Listed Real Estate securities; Unlisted/Private Real Estate Property Funds/vehicles, 
companies or CIS; 
- Directly held properties ; and 
- (listed/unlisted) Real Estate Debt Funds/vehicles. 
In the case of any unlisted real estate vehicles or real estate debt vehicles, the 
domicile of the underlying assets should be included. 
A full list of all the companies, vehicles, CIS etc in which the Pension Fund invests in 
or has an outstanding commitment to should be covered in the above question. This 
list should include the names of each company and the amount invested in each 
company etc. 
2) The current yields of the different investments the pension fund holds. 
3) Can you clearly specify the total value of all real estate investments that the 
Pension Fund holds. 
4) I would like to receive this information in an unlocked excel sheet without 
protected cells (.xls). If you have to password protect the excel sheet, please can 
you also provide the password to the excel 
5) Please supply a copy of the Pension Scheme's latest Statement of Investment 
Principles and most recent Pension Fund Report & Accounts. 
I would like to receive the information in electronic format if possible. If one part of 
the request can be answered sooner than others, please send that information first 
followed by any subsequent data. If you need further clarification, please contact me 
by email. 
Many public authorities release their contracts, minutes and other information of 

interactions with private vendors in line with the Freedom of Information Act. The 
exemption for commercial interest 
under the Act (section 43) is a qualified exemption, which means information can 
only be withheld if it is in the public's interest. 
The public have an interest in knowing what the Pension Fund is investing in, the 
terms of contracts and the minutes of meeting with public authorities, whether or not 
public money changes hands immediately. 
If you are relying on section 41 (the exemption for legal breach of confidence) then I 
would like to know the following: 
* When these confidentially agreements were agreed 
* All correspondence and email in which these confidentiality agreements were 
* The precise wording of the confidentiality agreements.
I can confirm that the information requested is held by Westminster City Council. I 
have enclosed copies of the information that is being released to you. 
Please find the information you have requested attached.
If you are dissatisfied with the handling of your request, you have the right to ask for 
an internal review. Internal review requests should be submitted within two months of 
the date of receipt of the response to your original letter and should be addressed to:
Information Management Team 
64 Victoria Street 
If you are not content with the outcome of the internal review, you have the right to 
apply directly to the Information Commissioner for a decision. Further information is 
also available from the Information Commissioner at:
Information Commissioner's Office
Wycliffe House
Water Lane
Tel: 0303 123 1113 or 01625 54 57 45
Fax: 01625 524510
I will now close your request as of this date.
Yours sincerely
Westminster City Council