Hearthstone appoints asset manager for its PE resi fund

Hearthstone Investment Management has appointed John Coles as new asset manager for its Hearthstone Residential Fund (HRF1).

Coles will be in charge of the strategic asset management of the fund’s portfolio, which will include oversight of the existing property managers. He will also work on new acquisition across the UK.

Prior to this role, he worked as asset manager for Mapeley and as surveyor at BNP Paribas Real Estate.

Richard Otten, partner and director of asset management at Hearthstone, commented: ‘We’re very pleased to have John join us, just at a time when we are expanding our investments in residential property across the UK.’

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