Morley Fund Management, one of Europe’s largest property fund managers, has appointed Neil Gardiner as its first dedicated residential property fund manager.
Morley Fund Management, one of Europe’s largest property fund managers, has appointed Neil Gardiner as its first dedicated residential property fund manager. Neil joined on 1 August and reports to Phil Clark, head of specialist funds.
Neil will be fund manager for Morley’s three residential property portfolios:
- The Beach Student Accommodation Fund was launched in June 2005 in conjunction with Derwent Living. This institutional fund invests in high quality student accommodation in university cities in the UK.
- The Tri Investment Residential Fund was launched in May 2005 by Tri Investments. The Fund will invest in off-plan residential developments on a pan-European basis but with an initial focus on emerging EU countries.
- The Capital Residential Fund is an institutional fund which invests in residential properties in 13 of the most prestigious postcodes in London.
Neil joins from Schroder Investment Management where he was head of residential investment, managing the ResPUT residential fund with assets in excess of Ł120m. Prior to Schroders Neil was a director within the Residential Development and Investment Department at Chesterton.
Commenting on the appointment Phil Clark, head of specialist funds at Morley, said: "We are delighted to have secured someone of Neil’s calibre and experience to join us. He will help develop and expand our residential and quasi-residential product offering within our specialist funds range, continuing our drive to offer niche, diversifying property funds to the institutional marketplace. Neil is one of very few people in the industry with this type of experience in the residential marketplace and I know that his appointment will greatly benefit Morley."
Neil Gardiner, fund manager at Morley Fund Management, said: "It’s an exciting time to join Morley with the sheer volume of opportunities that are opening up across Europe and within specialist funds arena.
"The residential sector offers a diverse range of opportunities and I’m looking forward to working with the team here to manage their growing product range."
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For further information please contact:
Laura Cook, Corporate Communications Executive 020 7809 8125
About Morley Fund Management:
Morley Fund Management (‘Morley’) is a London based, asset management business with over Ł134 billion** under management. The property team manages in excess of Ł17 billion of UK and European property assets, making Morley the largest property fund manager in Europe. Winners of the high profile Property Week Fund Manager of the Year Award 2004 and the UK Pensions Awards 2005 Property Fund Manager of the Year, the team consists of over 60 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 a range of specialist sector based funds, including: Igloo Regeneration Fund, Quercus Healthcare Property, The Junction and The Mall.
Visit www.morleyproperty.com
**Not including mortgage assets, as at 30/06/05
Telephone calls may be recorded for training and monitoring purposes.
Morley Fund Management is a business name of Morley Fund Management Limited, registered in England No. 1151805. Registered Office: No. 1 Poultry, London EC2R 8EJ. Authorised and regulated in the UK by the Financial Services Authority and a member of the Investment Management Association.
Morley Fund Management is also a business name of Morley Fund Management International Limited. Both are Aviva companies.
Contact us at Morley Fund Management, No. 1 Poultry, London EC2R 8EJ.