Maven promotes two property investment directors to partner
Private equity house Maven Capital Partners has promoted Colin Anderson and Andrew Whiteley from its specialist property investment team to partnership positions.
Colin Anderson joined Maven in 2014 to further grow Maven’s property investment business, having previously spent 11 years in the corporate banking and real estate finance roles at The Royal Bank of Scotland.
Since joining Maven as an investment director, Colin has been responsible for growing the number of property assets from five to 23 and has led investments in the student accommodation, hotel, office space and residential sectors. Colin has also been instrumental in increasing the Gross Development Value (GDV) of these assets from £41 million to £295m, prior to recent exits, and has led, or co-led, eight investments with a value of £135m and raised total equity of £47m.
Andrew Whiteley joined Maven in 2013 to help further advance its diversification into property investment and development and has been instrumental in the division’s growth. Key to this has been Andrew’s relationship with Hong Kong and Singapore based investment group, IP Investment Management (IPIM), with which Maven has collaborated on eight high value property development projects in the student accommodation sector.
Andrew joined Maven from Hotbed, where, as co-head of property, he had responsibility for portfolio management, sourcing, structuring and executing transactions on behalf of high net worth investors. Prior to his role at Hotbed, Andrew jointly ran the £2 billion flagship UK commercial property fund at New Star Asset Management.
Between them, Colin and Andrew have led investments including:
- the sale of three fully developed and let purpose built student accommodation (PBSA) assets in Dundee, Birmingham and Edinburgh for c.£50m;
- the build of a 200-bed PBSA development in Liverpool, the development of 365 PBSA beds across two locations in Stirling city centre and acquisition of a site close to Southampton University with planning for 204-bed property;
- the development of 129 family homes and affordable housing units at two residential development sites in the Central belt of Scotland;
- the acquisition of a 110,000 sq ft industrial warehouse in Bishopbriggs, Glasgow leased to John McGavigan Limited.
Bill Nixon, managing partner at Maven, said the strengthening of Maven’s its partnership base reflects the firm’s continued commitment to expanding its property investment offering.
He added: “We are very pleased to announce these partnership promotions, which reflect the excellent contribution both Andrew and Colin have built upon over the years as property investment directors at Maven. The appointments are timely, coinciding with rapid expansion for our property business and will only help to enhance our property investment offering by providing investors with access to well-researched UK property transactions whilst offering attractive risk-adjusted returns to investors.”