One of the largest, privately held commercial property collectives has announced the launch of umbrella brand M Core, with a £1 bn (€1.1 bn) investment target for 2023 to invest into assets across the UK and Europe.
The family-run property collective comprises of firms such as LCP, Evolve Estates, Sheet Anchor, GIPAM and Proudreed.
The investment push will be led by Oliver Fraser-Looen, partner at M Core. Before joining M Core, Fraser-Looen was the European investment head at Savills for several years.
‘As a collective, we are truly excited about what opportunities the market will present over the next few years,’ commented Sebastian MacDonald-Hall, Chief Investment Officer at M Core. ‘As a collective, we are well positioned and capitalised to take advantage of these opportunities and realise value. We felt that by bringing all our businesses under one umbrella allows us to maximise the potential of the combined portfolios, highlighting our strength driven by the exceptional core values we share.’
Commenting on his involvement, Oliver Fraser-Looen said: ‘I am delighted to be partnering with M Core at this exciting time for its investment and growth across the national and European markets. It is going to be an incredible journey and I look forward to helping to drive the business forward as it looks to grow assets under ownership. We have incredibly ambitious growth plans which the family and investors are fully backing.’