Former Oxenwood co-founder, Jeremy Bishop has launched a UK real estate investment and development company that intends to capitalise on cyclical repositioning opportunities.
Arkus Real Estate, which plans to raise capital from institutional and family office investors from the UK and overseas, initially intends to acquire existing, ”income-producing industrial real estate that is at risk of obsolescence”.
The initial strategy will focus on “repositioning obsolete and out-dated property across the UK into Grade A, highly sustainable, fit-for-purpose industrial and logistics assets”. The long-term strategy is to be less selective and acquire properties for conversion to new uses.
Bishop, CEO of Arkus Real Estate, said: “During the last 10 years there has been a profound dislocation in property markets, setting the scene for a substantial volume of repositioning and redevelopment opportunities.
“With interest rates likely to remain higher than the recent norm, Arkus Real Estate is focused on strategic stock selection; making investments where we can drive returns through asset and development management to create portfolios of high quality assets, generating recurring and growing income streams.”
Bishop co-founded Oxenwood in 2014 and in which he remains an investor.
Arkus has appointed Ashley Harris to be responsible for asset management and leasing, as well as assisting with acquisitions and developments. Harris joins from Oxenwood Real Estate where she was responsible for the management of a portfolio of core plus, value-add and opportunistic logistics assets. Before Oxenwood, Harris spent four years on the property team at the Universities Superannuation Scheme.
Sebastian Gray has also joined as an investment analyst and is responsible for underwriting acquisitions and sourcing assets. Prior to Arkus, Gray worked at Monta Capital where he was responsible for acquisition and development underwriting across a mixture of long and short income assets.
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