We are delighted to have completed the final close of our fourth property fund with commitments of £76m. Click here for the full press release.
The 2017 Property Fund (the Fund) has secured the majority of the commitments from high net worth individuals and family offices as well as a material investment from Merseyside Pension Fund and British Airways Investment Management.
The Fund will focus on property assets in the UK’s prime regional markets outside London, with a focus on industrial and logistics assets. The Fund will invest in sites with the potential for significant value to be added through planning, development and asset management and so far has secured two sites and has a strong pipeline of further opportunities. The Fund has appointed Sue Clayton as its independent Chair. See below for a brief biography on Sue.
Sue is a fellow of the Royal Institution of Chartered Surveyors and has more than 30 years’ experience in the UK property investment markets.
She is an executive director of CBRE, the world’s largest commercial real estate services and investment firm, and a former managing director of its Capital Markets’ division. She has advised a wide range of institutional investors and property companies on the purchase, sale or development of properties across the UK. At CBRE she has been on both the UK Executive and Management boards and also on the CBRE Group Inc Board.
Sue is also a non-executive director of Helical Plc, a UK focused property investment and development company and a member of the Committee of Management of the Hermes Property Unit Trust. Sue is chair of CBRE’ s Women’s Network and a trustee of the Reading Real Estate Foundation.