# Leicestershire County Council Corporate Asset Investment Fund

Leicestershire County Council Corporate Asset Investment Fund is an Endowment / Foundation based in Leicester, United Kingdom.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Leicester, United Kingdom
- **Region:** Europe
- **Address:** Leicester, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** www.leicestershire.gov.uk
- **LinkedIn:** https://uk.linkedin.com/company/leicestershire-county-council

## Regulatory record

- **Reports private funds:** No

## About

Lee Breckon and Declan Keegan steward the commercial portfolio for Leicestershire County Council, with the Corporate Asset Investment Fund acting as the authority's direct investment vehicle rather than a passive municipal holding account. The portfolio spans market-facing property, farmland, and renewable-generation assets across the East Midlands, with the council pursuing tenant-backed development deals through its Investing in Leicestershire Programme. The strategy concentrates on real estate and infrastructure within the authority's geographic boundaries. Confirmed holdings include the multi-let Apollo Business Park and Vulcan Park in Coalville, the Airfield Business Park in Market Harborough, and Citrus Grove industrial units, alongside the County Farms Estate and Syonsby Farm land holdings. The fund also owns operational solar infrastructure at Quorn Solar Farm and holds a commercial position at Loughborough University Science and Enterprise Park, where The Access Group anchors the office building. The council markets these assets to international investors and developers through UKREiiF and MIPIM, offering direct public-sector co-investment propositions. Governance sits with Breckon's board and Keegan's corporate resources directorate, with the council also a partner fund in the LGPS Central pension pool — though the Corporate Asset Investment Fund operates separately from pension allocations. In 2024, the council promoted its real estate and investment program at UKREiiF, the UK Real Estate Investment and Infrastructure Forum, signaling an active posture toward external partnerships and capital recycling rather than a buy-and-hold-only mandate. The structure is uncommon among UK local authorities: the fund acts as a principal, developing and managing commercial real estate and renewable assets directly on council-owned land, rather than allocating externally to fund managers.

## Sectors

- Real Estate
- Infrastructure
- Energy Transition & Renewables

## People

- Lee Breckon — Lead Member for Resources and Chair of the Investing in Leicestershire Programme Advisory Board
- Declan Keegan — Director of Corporate Resources

## Questions

### Who runs investment decisions at the Leicestershire County Council Corporate Asset Investment Fund?

Lee Breckon, as Lead Member for Resources, chairs the Investing in Leicestershire Programme Advisory Board, which oversees the strategic direction of the fund. Declan Keegan, as Director of Corporate Resources, manages the financial and operational execution. The fund operates within the local authority's governance structure rather than through an external manager.

### How does the fund source its investments?

The fund develops and manages real estate and infrastructure assets on land already owned by Leicestershire County Council. It also promotes co-investment and development partnerships through professional networks including MIPIM and UKREiiF. This blends internal land-bank sourcing with externally marketed partnership opportunities.

### What kind of assets does the fund hold?

Confirmed assets include the Apollo Business Park, Vulcan Park, and Citrus Grove industrial estates in Coalville, the Airfield Business Park in Market Harborough, the Loughborough University Science and Enterprise Park office let to The Access Group, Quorn Solar Farm, the County Farms Estate, Syonsby Farm, and the County Hall let areas. The portfolio also includes a historical artworks collection.

### Does the fund engage with external investors or partners?

Yes. The council has historically attended the MIPIM global real estate conference and participated in the 2024 UKREiiF forum to present investment opportunities. This signals an openness to joint-venture structures and equity partnerships with developers and institutional investors on council-owned land.

## Related profiles

- [Lehman Financial Resources](https://altss.com/profile/lehman-financial-resources)
- [Leicestershire County Council Pension Fund](https://altss.com/profile/leicestershire-county-council-pension-fund)

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Last updated: 2026-08-11T02:43:31.692Z

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