Family office Sandaire is set to continue to diversify its offering with the launch of Sandaire Real Estate.
According to a statement from Sandaire, the new business will provide strategic portfolio, transaction and asset management of individual property assets and portfolios to new and existing clients.
Sandaire has appointed Chris Horler and Robert Stokeley to run the real estate business, as managing director and director respectively.
Both chartered surveyors, Horler and Stokeley arrive with over 50 years’ experience between them.
“Their blend of skills means they are able to offer Sandaire’s clients access to deals, frequently off-market, but also detailed professional advice on property portfolio management,” says Sandaire chairman, Warwick Newbury.
Horler adds: “Robert and I are delighted to join Sandaire, at this time of expansion.
“Sandaire has ambitious growth plans for the next five years and Sandaire Real Estate will play a vital role in ensuring that we are responding to clients’ ever-evolving demands.”
Sandaire CEO, James Fleming, comments, “The collective knowledge, expertise and experience that both Chris and Robert bring to the firm further strengthens our business and reinforces our position at the forefront of multi-family office providers.
“Chris and Robert will be working with clients to understand their requirements and create a bespoke plan to reflect their individual needs.
Fleming explains that the business will be focused on commercial, residential, development and rural real estate within the UK, with a view to expanding across Europe in the short to medium term.
Family offices are increasingly challenging private banks for the business of UHNWIs, but can have a more limited shelf life, as they are at the mercy of large family estates remaining in tact across generations.
This may explain the diversification strategy that Sandaire are following.