Staybrook Capital, a newly launched real estate operating platform, has expanded its team with the appointments of its first non-founder employees, Ashley Hancox and Henry Fisher.
Hancox joins Staybrook as head of office occupier strategy, bringing over 30 years of relevant advisory and asset management experience.
He is well known in the occupier market from his time at CBRE, where he worked for over 15 years, a decade of which was spent as national head of office agency for the UK regions, helping build the occupier and flex office strategies.
Prior to this he worked for niche investment advisory and asset management business GSD, alongside Adrian McStay, Staybrook’s CEO.
In his new role, he will use his deep experience and relationships in the UK office sector to identify and underwrite opportunities for Staybrook’s growing pipeline of assets in its favoured cities of London, Manchester, Birmingham, Bristol, Edinburgh and Leeds as well as the Thames Valley.
In addition to identifying pipeline assets Hancox will work closely with cutting edge management platforms to create a compelling proposition to occupiers, building on the team’s experience of delivering value for a variety of real estate owners.
Fisher joins as an investment analyst. He joins with five years of experience gained at two established real estate lenders where he was responsible for preparing detailed portfolio performance reports, building out cashflow models and actively managing NPLs at both the property and capital structure level.
Staybrook Capital is the new operating platform for real estate investment across the UK and Europe founded by McStay, Rob Brook and Teresa Dyer.
The business is seeking to invest an initial €200 mln into the European real estate market on behalf of clients.
With an identified €100 mln pipeline of potential investments, Staybrook Capital will invest in, develop and manage commercial real estate across the UK and Western European logistics targeting mid-box and urban logistics assets in Germany, Benelux, UK, France, Northern Italy and Spain.
It will also invest in special situations, with a particular focus on well located UK offices which it believes are now oversold.
Commenting on the appointments, McStay said: 'The appointments of Ashley and Henry to become the first non founder members of the Staybrook team underline our ambition to become an operating partner of choice for investors looking to access UK and European logistics and UK special situations.
'I have personally worked with Ashley for many years and am pleased to be reunited with him again. He brings deep market knowledge, which will be invaluable in helping us source and execute exceptional investment opportunities.
'Henry is another great addition to our team being highly numerate with valuable modelling and technical capabilities gained whilst working at two pan-European real estate finance providers covering a range of asset classes.'
