Pan-European real estate investment management firm Maya Capital has appointed Jared Hart to oversee the launch of a new investment vehicle targeting UK retail assets in need of regeneration.
According to Maya, the new vehicle will target retail assets in London and in the UK regions with a view to acquiring £250 mln (€278 mln) worth of assets, building on Maya Capital’s expertise in the commercial office market.
Hart has 15 years’ experience working in the retail real estate sector. Prior to joining Maya, he was managing director at Trophaeum Asset Partners, which he left in February, Thor Equities and Pears Global where he collectively invested in more than £2 bn worth of assets over 100+ transactions.
David Pralong, managing partner of Maya Capital, commented: 'We are delighted to launch a new investment vehicle with such an experienced and accomplished professional as Jared.
'We are providing significant fire power 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. Jared is well-placed to help us achieve our target to deploy significant capital in this sector.'
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. I am incredibly excited to join such a well-respected business that has built a strong track record across the UK.'
