UK-focused social infrastructure real estate investment manager Newcore Capital has strengthened its senior team with the appointment of Christine Milne as finance director.
Milne was previously a managing director at global real estate fund manager Patrizia. She will be responsible for the oversight of Newcore’s financial reporting and accounting.
She brings over 15 years of combined real estate experience, including roles at asset and development manager MEPC. Prior to this, Milne spent 10 years at PwC. In her most recent position at Patrizia, Milne led a team of over 23 professionals in London within the Fund Services function, overseeing the financial accounting, reporting, transactions and tax compliance of real estate funds spanning across Europe.
Milne will be supported by Emma Brierley who was appointed as finance manager in August 2023.
The appointments follow a final close in May for Newcore’s fifth value-add fund, Newcore Strategic Situations V, which raised £190 mln, and the launch of its new core-plus vehicle, the Newcore Sustainable Income Trust, which is due to launch by the year end and is looking to raise £375 mln in equity.
Neil Sarkhel, COO at Newcore Capital commented: 'Following the close of our fifth value-add fund and the launch of our new core-plus fund, we have dedicated a lot of time and effort into hiring a strong team that can support the expansion of the business. We hope the growth and development of our team serves as a real testament to what we will achieve going into the new year.'
Newcore, which was established in 2011, remains independent and wholly owned by its leadership team. The company is led by Chief Executive Officer Hugo Llewelyn and Chief Operating Officer Neil Sarkhel.
