Dean Harrison and Thomas Mallindine, former directors at InfraRed Capital Partners, have launched Harleyford Capital, a newly formed Real estate investor and developer, where they will be joined by a third former InfraRed employee, Zayn Khamisa.
Fiera Real Estate (FRE) UK Limited, an affiliate of global investment manager Fiera Capital Corporation, has become a minority shareholder.
The ex-InfraRed professionals have over 25 years of combined experience managing discretionary capital at leading private equity and investment management businesses where they transacted over £2bn (€2.27 bn) of pan-European real estate.
In a statement, Harleyford Capital said it aimed to become a ‘market leading investment partner’ targeting well located, ESG focused and best-in-class assets backed by structural trends, science or technology.
The team will be placing particular focus on the logistics sector to begin with, taking advantage of the recent market correction to access high quality oversold income.
Harleyford Capital added it was looking to work with a small number of investment partners and had immediate access to capital through the Fiera Real Estate Logistics Development Fund UK, Fiera Real Estate launched to exploit the opportunities within the logistics development market brought on by demographic shifts, technological progression and changing customer expectations.
The fund completed its first close in June this year and has £180 mln available for immediate investment.’
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Harrison, head of investment, said, ‘FRE UK brings immediate access to balance sheet capital and discretionary equity capital for logistics development, alongside a highly respected institutional framework and investment process. This creates the perfect opportunity for Harleyford Capital to hit the ground running at an interesting time within the market cycle.’
Charles Allen, head of UK real estate at FRE UK, added, ‘I am really excited to announce our investment into Harleyford Capital. The current market, whilst evolving, will expose numerous opportunities and I know the Harleyford Capital team has extensive experience and the skillset required to maximise on these. The market downturn represents an excellent opportunity to start a new business.’
