Maya Capital has set up a £250m (€278m) UK retail property investment fund and appointed Jared Hart to oversee the launch of the new fund.
The specialist real estate investor said the vehicle will target retail assets in London and in the UK regions in need of regeneration.
David Pralong, managing partner of Maya Capital, said: “We are providing significant firepower and a strong management team that is required to drive the regeneration of struggling retail assets, especially as we navigate the post COVID-19 landscape.”
Maya previously worked at Trophaeum Asset Partners, Thor Equities and Pears Global.
Hart said: “Even prior to COVID-19, some retail assets were no longer sustainable due to a mix of high rents and capex requirements.
“Our aim is to build on Maya’s already successful office strategy to target those retail assets in need of regeneration.”
A previous version of this story misstated Jared Hart’s previous work experience.
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