Article date: 5 September 2005
Morley Fund Management, one of Europe’s largest propertyfund managers, has appointed Neil Gardiner as its first dedicatedresidential property fund manager. Neil joined on 1 August andreports to Phil Clark, head of specialist funds.
Neil will be fund manager for Morley’s three residentialproperty portfolios:
- The Beach Student Accommodation Fund was launched in June 2005in conjunction with Derwent Living. This institutional fundinvests in high quality student accommodation in university citiesin the UK.
- The Tri Investment Residential Fund was launched in May 2005by Tri Investments. The Fund will invest in off-plan residentialdevelopments on a pan-European basis but with an initial focus onemerging EU countries.
- The Capital Residential Fund is an institutional fund whichinvests in residential properties in 13 of the most prestigiouspostcodes in London.
Neil joins from Schroder Investment Management where he was headof residential investment, managing the ResPUT residential fundwith assets in excess of £120m. Prior to Schroders Neil was adirector within the Residential Development and InvestmentDepartment at Chesterton.
Commenting on the appointment Phil Clark, head of specialistfunds at Morley, said: "We are delighted to have secured someone ofNeil’s calibre and experience to join us. He will helpdevelop and expand our residential and quasi-residential productoffering within our specialist funds range, continuing our drive tooffer niche, diversifying property funds to the institutionalmarketplace. Neil is one of very few people in the industry withthis type of experience in the residential marketplace and I knowthat his appointment will greatly benefit Morley."
Neil Gardiner, fund manager at Morley Fund Management, said:"It’s an exciting time to join Morley with the sheer volumeof opportunities that are opening up across Europe and withinspecialist funds arena.
"The residential sector offers a diverse range of opportunitiesand I’m looking forward to working with the team here tomanage their growing product range."
For further information pleasecontact:
Laura Cook, Corporate CommunicationsExecutive 020 7809 8125
About Morley Fund Management:
Morley Fund Management (‘Morley’) is a London based,asset management business with over £134 billion** undermanagement. The property team manages in excess of £17 billion ofUK and European property assets, making Morley the largest propertyfund manager in Europe. Winners of the high profile Property WeekFund Manager of the Year Award 2004 and the UK Pensions Awards 2005Property Fund Manager of the Year, the team consists of over 60investment professionals and manages a range of funds on behalf ofinstitutional, pension and retail clients. Morley has been at theforefront of innovation in property fund management and haslaunched a range of specialist sector based funds, including: IglooRegeneration Fund, Quercus Healthcare Property, The Junction andThe Mall.
**Not including mortgage assets, as at 30/06/05
Telephone calls may be recorded for training and monitoringpurposes.
Morley Fund Management is a business name ofMorley Fund Management Limited, registered in England No. 1151805.Registered Office: No. 1 Poultry, London EC2R 8EJ. Authorised andregulated in the UK by the Financial Services Authority and amember of the Investment Management Association.
Morley Fund Management is also a business nameof Morley Fund Management International Limited. Both are Avivacompanies.
Contact us at Morley Fund Management, No. 1Poultry, London EC2R 8EJ.