Property Investor Profiles AER
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Property Investor Profiles AER Aerium Finance Ltd Fund 49 Grosvenor Street, London W1K 3HB AEW UK REIT Plc Tel: 0207 838 7900 Fax: 0207 838 7858 Fund Manager: AEW UK Investment Management LLP Email: [email protected] 33 Jermyn Street, London SW1Y 6DN Web: www.aerium.com Tel: 020 7016 4800 Fax: 020 7016 4700 Contacts Email: [email protected] Franck Ruimy (CEO) Web: www.aeweurope.com Robin Carr (UK Fund Director) Contacts Comment Alex Short (Portfolio Manager) Aerium, which has been established since 1988, currently Comment manages circa €6.1 billion of real estate assets across 12 countries AEW UK REIT Plc was listed on the Official List of the UK Listing and is in the process of raising capital for its seventeenth fund, a Authority and admitted to trading on the Main Market of the London Pan-European Value-Add Fund. (03/15) Stock Exchange on 12 May 2015, raising £100.5m. 02/14 - European real estate fund manager Aerium purchased New 06/15 - AEW UK REIT purchased Eastpoint Business Park, Oxford Uberior House and Princes Exchange in Edinburgh from Invesco for £8.2m, reflecting a net initial yield of 9.4% including rents and for £61.75m. rent guarantees. Eastpoint Business Park, Oxford comprises five self contained office buildings totalling 75,000 sq ft. Tenants 03/15 - Aerium sold a 15% stake in its operating business to include Clarendon Business Centres and Cancer Partners UK. NorthStar Realty Finance Corp Year Ending Dec 2013 Dec 2012 Dec 2011 Fund Turnover £7.92m £8.16m £8.5m Pre-Tax Profit £1.35m £1.35m £0.05m AEW UK South East Office Fund Net Worth £3.4m £4.53m £3.25m Fund Manager: AEW UK Investment Management LLP Total Assets £4.71m £5.85m £5.09m 33 Jermyn Street, London SW1Y 6DN Tel: 020 7016 4800 Fax: 020 7016 4700 Fund Email: [email protected] AEW UK Core Property Fund Web: www.aeweurope.com Fund Manager: AEW UK Investment Management LLP Contacts 33 Jermyn Street, London SW1Y 6DN Richard Tanner (Managing Director) Tel: 020 7016 4800 Fax: 020 7016 4700 Comment Email: [email protected] 08/14 - The AEW UK South East Office Fund made its first Web: www.aeweurope.com purchase paying £3.2m for Rubra 1, Rubra 2, Alba - Mulberry Business Park, Wokingham. The property is asset management Contacts intensive; part income producing, part vacant, part refurbishment. Richard Tanner (Managing Director) Comment AFH Financial Group Plc 02/15 - AEW UK Core Property Fund completed 16 deals totalling £52m in the final quarter of 2014, with the acquisitions including a AFH House, Buntsford Drive, Stoke Heath range of retail, industrial and office assets. Bromsgrove, Worcestershire B60 4JE The deals helped boost the fund’s NAV from £78m to £174m over Tel: 01527 577775 Fax: 01527 577624 the course of 2014. Email: [email protected] Web: www.afhifs.co.uk Fund Contacts AEW UK Investment Management LLP Alan Hudson (Chairman & Chief Executive) 33 Jermyn Street, London SW1Y 6DN Comment Tel: 020 7016 4800 Fax: 020 7016 4700 11/12 - AFH Financial Group, the Bromsgrove-based discretionary Email: [email protected] wealth management and independent financial advisory firm, launched a £50m property fund. The St John's High Yield Property Web: www.aeweurope.com Fund will focus initially on industrial, office and retail properties in Contacts the Midlands with a net initial yield of between 6 and 9%. Richard Tanner (Managing Director) Nick Winsley (Investment Director) REQUIREMENTS: Rachel McIsaac (Asset Management Director) The Fund will initially look to spend £20m and will invest up to £50m in total, depending on the availability of suitable properties. Catherine Delplace (Operations & Product Development) The Fund will concentrate on properties with individual lot sizes of Laura Elkin (Investment - Associate Director) between £2m and £5m, but will also consider smaller or larger David Blakeborough (Investment - Associate Director) lots if the return on investment is appropriate. Will Lalonde (Investment - Associate Director) Comment Fund 04/15 - AEW UK is looking to raise £125m for a new REIT that will AGC Equity Partners Limited target high dividend yields through small and high-yielding 86 Jermyn Street, London SW1Y 6JD properties. The new company is scheduled to float on 12 May on the main market on LSE. The target net dividend yield is 8-9%, Tel: 020 7959 3450 Fax: 020 7959 3456 substantially higher than any listed property company. In order to Email: [email protected] achieve such a high payout, properties with values of between £5m Web: www.agcequitypartners.com to £15m will be targeted, with initial yields of 8-10%. AEW UK aims Contacts to be substantially fully invested nine months from IPO. Walid Abu-Suud (Co-CEO) The UK Property Investors Directory - 2015 Edition Section 2 - 5 AMS Property Investor Profiles Amsprop Ltd Fund Amshold House, Goldings Hill, Loughton, Essex IG10 2RW Angelo, Gordon Europe Ltd Tel: 020 3225 5555 Fax: 020 3225 5678 23 Savile Row, London W1S 2ET Email: [email protected] Tel: 0207 758 5300 Fax: 0207 758 5420 Web: www.amsprop.com Email: amittal@angelogordon. com Contacts Web: www.angelogordon.com Daniel Sugar (Director) Contacts Andrew Cohen (Director) Anuj Mittal (Real Estate) Roger Adams (Financial Director) Comment James Hughes (Development Director) 01/14 - Angelo, Gordon is understood to have bought the Umi Comment Hotel, 13-19 Leinster Square, W2 from the Lowy Group for a price Amsprop is Lord Sugar’s privately owned Real Estate vehicle. thought to be around £30m. Alchemi has been appointed as the Since 1985 Amsprop has built a property portfolio essentially development manager to convert the three-star, 116-bedroom focused upon ultra-prime Central London and core City of London hotel, which is also known as the Westminster Hotel, into 15 to 20 freehold properties. flats, which could be worth around £90m when completed. 08/14 - Amsprop paid GE Real Estate £31.6m for Lever Building 85 03/14 - Angelo, Gordon and Dunedin sold Churchgate House and Clerkenwell Road, EC1. Lee House, Manchester for £34m to Helical Bar. The JV bought the buildings in August 2012 for £20.25m. 01/15 - Amsprop paid a private Greek investor £6.5m for 2-4 Paul Street, EC2. The leases expire in May 2015. 09/14 - Beltane and Angelo Gordon sold Asia House at 31-33 Lime Street, EC3 to reinsurer SCOR for £21m. The vendors bought the Year Ending Jun 2014 Jun 2013 Jun 2012 building from Land Securities in March 2013 for £3.9m and got Turnover £18.1m £105m £87.2m planning permission for a refurbishment and two-storey extension, Pre-Tax Profit £16.6m £30.7m £15.3m taking the total floor space to 19,500 sq ft. SCOR will use the Net Worth £552m £449m £403m building for its own occupation. Work is expected to complete in Total Assets £594m £494m £442m November. 11/14 - Beltane and Angelo Gordon purchased 55 Gresham Street, Amundi Real Estate EC2 from Topland for more than £40m. The 84,800 sq ft building is 41 Lothbury, London EC2R 7HF let to the Association of British Insurers on a 25-year lease expiring Tel: 020 7074 9300 Fax: 020 7074 9309 in March 2016. Beltane and Angelo Gordon will undertake a Web: www.amundi-immobilier.com comprehensive refurbishment for the building. Comment 02/15 - Gracemark, Angelo Gordon and Amerimar Enterprises sold Amundi Real Estate is the property branch of Amundi, which is one the 4-star 331-bed St Ermin's Hotel, SW1 to Sunrider Corporation of the top 10 companies in the world in asset management, with for £185m. almost €700 billion in AUM. The real estate business within Amundi is €6.7 billion. Angle Property Ltd 4 Liscombe West, Liscombe Park Andbury Properties Ltd Soulbury, Buckinghamshire LU7 0GA 2nd Floor, 40 James Street, London W1U 1EU Tel: 01296 688914 Tel: 020 7224 2356 Fax: 020 7224 2970 Email: [email protected] Email: [email protected] Web: www.angleproperty.co.uk Contacts Contacts Patrick Ranger (Director) James Good (Director) Tim Langley (Director) Tony Williamson (Director) Comment Comment Patrick Ranger (Former Asda Property chief executive) and Tim Angle Property was set up by former Frontier Estates directors Langley (Cardales director) formed this retail property investment James Good and Tony Williamson in February 2011 with backing company in February 2002. from Palmer Capital Partners. Angle will acquire and undertake its Year Ending Mar 2014 Jan 2013 Jan 2012 own development and investment projects, as well as providing Net Worth £2.94m £2.01m £1.7m development and asset management services to property owners and occupiers on a joint venture basis. Total Assets £3.62m £4.25m £4.07m 08/14 - Angle Property sold Phelps House, St Margarets Road, Twickenham for £7.735m to LaSalle Investment Management, reflecting a net initial yield of 5.25%. 06/15 - Angle Property, backed by Palmer Capital, sold Eastpoint Business Park, Oxford to AEW UK REIT for £8.2m, reflecting a net initial yield of 9.4%. Section 2 - 10 The UK Property Investors Directory - 2015 Edition UK Buyers Index 2013-2015 Retail Warehouse Retail Warehouse Shopping Centres Aberdeen Asset Management 9 £148m Mucklow Group, A&J Plc 1 £3m F&C Reit Asset Management 1 £189m AEW UK Core Property Fund 3 £10m Newmark Property Invest 1 £6m German Pension fund 1 £79m Ahli United Bank 2 £8m NewRiver Retail Ltd 8 £50m Gingko Tree Investment 2 £458m American Realty Capital 1 £24m NFU Mutual Insurance 1 £47m H.I.G. Capital 1 £65m ARC Property Fund 1 £4m Orchard Street IM 2 £115m Hammerson Plc 2 £172m Armstrong Brooks Plc 1 £3m Oval Real Estate 1 £17m Hines UK 1 £224m Arzan Wealth (Dubai) 1 £42m