Morley Fund Management, the largest property fund manager in the UK and Europe appointed three new asset managers on the back of continued strong growth, £2 billion inflow in first quarter.
- Life Funds team appoints three new asset managers
Morley Fund Management, the largest property fund manager in the UK and Europe* appointed three new asset managers on the back of continued strong growth, Ł2 billion inflow in first quarter.
Barry Hill, Justin Brand and Henry Richardson have all been recruited as asset managers while Morley has taken in an extra Ł2 billion in property funds under management for the first quarter of 2006.
Richard Jones, head of life funds for Morley Fund Management’s property team, said: “With record property fund inflows and ambitious plans for continued growth, we are pleased to have recruited three Asset Managers of such high calibre. They will be looking to add immediate value to the properties for which they have responsibility, and actively manage them for ongoing future value.
“We have had another active quarter, having committed to the next phase of office development at Paddington Central and Chesterford Research Park in Cambridge, and having agreed terms on a number of other opportunities that we believe have immediate potential to generate additional value for our investors.”
Barry Hill will specialise in the out-of-town retail and leisure sectors, managing properties in the life funds, including retail parks in Reading, Milton Keynes, Nottingham and London. He was previously Associate Director at Arlington Property Investors.
Justin Brand will focus on the industrial sector managing the life funds’ major holdings in Reading, Chessington and London together with developments in Enfield, Dagenham and Reading. He joins Morley from LaSalle Investment Management, where he managed a range of funds.
Henry Richardson will be managing the life funds’ office holdings in the West End of London, including developments in Grosvenor Street, Maddox Street and North Audley Street in the heart of the West End, together with existing holdings in Berkeley Square and the new office location created by Morley at Paddington Central. Henry joins Morley from Jones Lang La Salle’s West End Investment Department.
All three are chartered surveyors and hold BSc (Hons).
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More photographs available on request
*Oxford Property Consultants, December 2005.
For further information please contact:
Elizabeth Saint
Corporate Communications
Morley Fund Management
Telephone: 020 7809 8125
Notes to editors:
Morley Fund Management
Morley Fund Management Limited is the UK-based asset management business of Aviva plc. Firms within the Morley group of companies manage Ł156bn from offices around the world as at 28 February 2006. The property team manages in excess of Ł23 billion of UK and European property assets, making Morley the largest property fund manager in Europe.
Awards
- 2006, Property Fund Manager of the Year, Property Week Awards
- 2006, Outstanding Company of the Year Award, CEE Real Estate Quality Awards
- 2006, Investor of the Year Award, CEE Real Estate Quality Awards
- 2005, UK Pensions Awards Property Fund Manager of the Year
- 2004, Property Week Fund Manager of the Year Award
The property team consists of over 70 investment professionals and manages a range of funds on behalf of institutional, pension and retail clients. Morley has been at the forefront of innovation in property fund management and has launched eleven specialist sector based funds with partners, including the Jersey-based Unit Trusts: Igloo Regeneration Fund, Quercus Healthcare Property, The Junction and The Mall.
Further information about Morley Fund Management can be found at www.morleyfm.com