Rapidly-growing Private Equity Real Estate firm, Henley Investments (Henley), confirmed today the launch of its latest new business, Henley Family Office (HFO), to service the increased appetite from international ultra-high-net worth families for the UK real estate market. The business is currently holding mandates for two Middle Eastern, one South American and one South African, family office. These families are seeking more than £250 million of assets in aggregate, and Henley has more mandates in the pipeline. Henley states that a common feature amongst its investors is a need for long-term security with limited leverage.
Henley Family Office will solely invest in the real estate sector, however, depending on the individual mandate, investments will span the range of the Henley offering, namely residential development, commercial investment, healthcare, private equity and debt. The typical deal size will be £50 million and above. HFO’s current mandates are purely UK-focused, with secondary shopping centres, hospitals (London and South-East), 3* London Hotels and long lease quality tenant in the secondary market as the main target asset classes. The division will sit under the leadership of Henley’s Capital Raising Officer Nick Paine, with day to day operations managed by ex Capital & Regional executive, Nigel Brown.
Ian Rickwood, Chief Executive Officer of Henley Investments: “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.”
“Henley has grown in part because of its appeal with family office investors who have cherry picked what opportunities to invest in on some of the 30 deals we have put together over the last few years. A successful track record in asset management and exits has led some of the larger ones to now ask us to represent their interest for specific requirements.”
“The launch of Henley Family office is another important and exciting step for Henley after an exceptionally successful 2013 with strong growth in all key business areas and over £150m worth of new deals. We have managed to double in size every year since inception in 2006 and we expect to do the same again in 2014. Our senior team’s outstanding investment and asset management expertise has seen our active investor pool expand to 250 with the average deal size constantly increasing.”
Established in 2006 Henley Investments is a leading UK private equity real estate investor focusing on development, investment and asset management in the commercial, residential, Healthcare and debt property market.
The company currently has £400 million assets under management (as of Jan 2014) and this is growing quickly.
Henley’s platform is focused on five core strategies, prime London residential development, commercial investment via both ‘deep value – high yield’ and capital preservation, a healthcare fund and HPF (Henley Property Finance) a debt focused business. Henley has 24 employees.
Henley’ recent deals include two super-prime ‘office to residential’ conversions in St James, sale and leaseback deals with Peugeot and Tallent, a development lending deal in Wentworth and the purchase of an HQ building let to iPSL/Unisys the UK’s largest cheque processing business centre, based in Northampton.