Pair of former Thackeray directors launch London-based asset management platform
A pair of former Thackeray directors have launched SevenCitiesLdn, a Central London-based asset management platform backed by £100m of investment from SevenCapital.
The platform is led by Giles Hoare and Cameron Mitchell, who between them have over 25 years’ of combined experience and have completed more than £500m worth of real estate transactions across multiple sectors.
SevenCitiesLdn will initially target assets valued between £5m and £30m, across a multitude of sectors including retail, hospitality, leisure, commercial, residential, and purpose-built student accommodation.
The firm will acquire and reposition assets across London, the South East of England, and large regional cities.
Giles Hoare was previously an investment director at Thackeray Group, which he joined in 2018. Prior to this, he held positions at London & Cambridge Properties and Cushman & Wakefield.
Cameron Mitchell joined Thackeray Group in 2019 and left the company as a development director. He has also worked as a surveyor for CBRE.
Damien Siviter, group managing director at SevenCapital Group, said: “SevenCitiesLdn is an exciting new venture, with an enterprising vision and approach to transforming the built environment that both aligns with our values and adds a new dynamic to the SevenCapital Group.
“I look forward to supporting and developing the business as it establishes itself and grows over the coming months and years.”
Giles Hoare, director at SevenCitiesLdn, added: “The UK real estate market continues to offer compelling opportunities for those with the vision and agility to act decisively.
“With the backing of SevenCapital, we have the firepower and platform to make a meaningful impact. We look forward to collaborating with investors, occupiers, and stakeholders to deliver transformative projects.”