Tamar Capital Partners a new property investment and asset management company focusing on the UK, Western and Northern European markets, has announced it has already secured management contracts and assets with a total gross asset value in excess of £750 mln (EUR 867 mln). The portfolio forms the core base of the new business.
Tamar Capital Partners a new property investment and asset management company focusing on the UK, Western and Northern European markets, has announced it has already secured management contracts and assets with a total gross asset value in excess of £750 mln (EUR 867 mln). The portfolio forms the core base of the new business.
Tamar was established in December 2009 with financial backing from The Tavistock Group. Headed by Rob Brook and supported by Ron Robson, Tamar includes the former senior management team of the European businesses of Kenmore Property Group.
The UK and continental European contracts include the asset management agreement for the Kenmore European Industrial Fund (KEIF), a Guernsey registered, closed-ended investment company, which is listed on the London Stock Exchange. It owns a portfolio of industrial assets across Western Europe and Scandinavia with a value of around £305 mln.
Tamar has 32 staff based across offices in London, Berlin, Edinburgh, Helsinki, Oslo, Paris and Stockholm. The company said it will continue to focus on its core skills of active property investment and asset management services in order to secure additional opportunities, by way of separate account mandates, asset-led joint-ventures, as well as the management of pooled funds in both the unlisted and listed sectors.
The Tavistock Group is ultimately owned by the family trusts of Joe Lewis. He is a UK citizen and a Bahamian resident who, together with his family, owns a wide range of international business interests.