Quadrant Real Estate Advisors has opened offices in London and Dublin. The new offices, in addition to the fund manager’s US headquarters in Atlanta and its office in Sydney, will help facilitate commercial real estate transactions in the UK and Ireland with a focus on mortgage and mezzanine investments, which is the firm’s core competency.
“We see that there’s a large and durable capital gap in real estate in Europe, particularly in the UK and Ireland,” Kurt Wright, chief executive officer of Quadrant, told PERE. “We need to have locals on the ground who know the region well in order to deploy capital.”
The offices will be headed by Caleb Kyle, who joins Quadrant from State Street Global Advisors, where he previously served as a senior real estate fund manager. Prior to his employment at State Street, Kyle served as a senior property fund manager with Bank of Ireland Asset Management and Irish Life Investment Managers.
According to Wright, the London and Dublin offices are a logical extension of the business that Quadrant has been running. Once the firm gains a foothold in the UK and Ireland, he noted that France and Germany are next on the list, although it is not in any hurry. “We like to do things one step at a time,” he added.
Quadrant has approximately $6.3 billion of real estate assets under management on behalf of institutional investors. Clients include insurance companies, pension plans, sovereign wealth funds and high-net-worth individuals.