Henley Investments, a UK-based private equity real estate firm, has launched a new family office venture to service the increased appetite for UK real estate from international high-net-worth families.
Named as Henley Family Office (HFO), the new unit has received four mandates worth some £250 million (300 million) from two Middle Eastern, one South American and one South African family offices.
The business will target residential development, secondary shopping centres, healthcare in the UK and three-star hotels in London, reported PropertyEU.
Nick Paine, capital raising officer of Henley, will lead the division, while the day to day operations will be managed by ex Capital & Regional executive, Nigel Brown.
Ian Rickwood, CEO of Henley Investments, was quoted by PropertyEU as saying, "We identified a clear appetite from our existing family office clients for specific, safe, long term real estate investments.
"Henley’s experienced senior team will source these target assets for them and manage them on their behalf."