London-based family office advisory firm Stonehage Group is planning to increase its exposure to UK real estate and has appointed Adam Kerr from property firm Talisman Capital to aid its progress.
The firm, which advises more than 1,000 family offices on how to deploy their capital in both income generating and long-term growth real estate assets, is aiming to grow its investment portfolio to approximately £2 billion (€2.4 billion; $2.9 billion) in the “next few years”.
Stonehage has invested in more than 30 transactions across the UK, Germany, Israel, Switzerland, Jersey and South Africa since it started to invest in real estate five years ago, however it will place a greater focus on the UK, and particularly London in the near future, labelling the strategy a cyclical play.
Eric Fisher, director of Stonehage Property Partners, the specialist property advisory business of Stonehage Group, said: “Despite the recent recovery in some areas, prices are still at a low point in the cycle, particularly when you factor in the devaluation of sterling for overseas buyers. The next three years present a good time for our clients to invest in property to benefit from market recovery.”
The firm said typical investments would be in the order of £5 million and £25 million and would be made either via a syndicate of family offices or for individual family offices.
Kerr joins Stonehage just five months after co-launching Talisman Capital, a property company backed by high net worth individuals, in January.