Chancerygate has appointed Simon Cowley as head of investment and asset management.
Simon previously worked at the real estate investment and asset management company M7 Investment Group where his focus was on fund strategy and performance in the UK and European industrial and urban logistics sector.
He brings more than 20 years’ experience in investment, structured finance and fund management across the commercial real estate sector in the UK, Europe and APAC. This includes holding senior roles at CBRE Asia Pacific and ICG.
At Chancerygate, Simon will be responsible for driving the strategy and performance of existing joint ventures (JV), identifying and developing new investor partnerships and growing assets under management.
This will cover both Chancerygate’s UK and European market growth strategy as the company explores expansion opportunities on the continent.
Commenting on his new position, Simon said: “Chancerygate is a well-established developer, asset manager and investor with market-leading JV partners.
“These credentials make it not only an attractive company to join, but ensures it is well placed to capitalise on the interesting market opportunities we are seeing in the urban logistics space.
“I look forward to working with the team and building the current and future investor relationships to grow the business and explore untapped growth potential on a pan-European basis.”
The company also has a £150m multi-let urban logistics investment fund with property investment company JR Capital. The fund has a five-year life and is targeting urban logistics, industrial and warehousing investments across the UK in lot sizes of £5m to £15m.
The partners’ first fund, which totalled £100m, secured 18 assets ranging from Dundee to Exeter over a two-year period. The assets comprised 150 units totalling more than one million sq ft.
Chancerygate’s current JV partnerships for urban logistics developments includes specialist sustainability and impact investor Bridges Fund Management and real estate private equity firm Northwood Investors.
Chancerygate managing director, Richard Bains, said: “I am delighted to welcome Simon to Chancerygate. We have ambitious plans for the investment and asset Management team in both the UK and as part of our European growth strategy.
“Simon will be instrumental in delivering this. He brings his wealth of investment experience operating at senior levels in the UK, Europe and APAC and provides a complementary skill set to that already within the company.”