MGT Investment Management featured in both Property Week and Estates Gazette today, as it announced the appointment of four highly experienced and successful industry figures to its newly-created advisory board.
The board will comprise:
- Jeremy Helsby, former Group CEO of Savills plc, specialising in real estate
- Rupprecht Rittweger, currently CEO of e-shelter with a background in technology and real estate
- Peter Cluff, founding principal and CFO of Europa Capital, bringing expertise in private equity, corporate finance and governance
- Richard Morse, currently partner at Opus Corporate Finance with significant experience in investment banking, infrastructure and energy
- Commenting on the formation of the new advisory board, Charles Graham, Chairman of MGT Investment Management, said:
The non-executive advisory board will provide the company with strategic direction and support as it targets real estate investment opportunities arising from changing macro and demographic trends. They will bring expertise in real estate, technology, corporate finance and infrastructure.
MGT chairman Charles Graham commented on the appointment: “The individuals on this advisory board, all of whom we have known for many years, are hugely experienced and successful executives and we are delighted to welcome them to MGT. The formation of the advisory board will significantly strengthen our investment platform and provide MGT with critical oversight and fresh perspectives. The creation of this board comes at an important time for MGT as our PRS strategies start to mature and we seek out new opportunities to work with housebuilders, developers and landowners in the UK and Europe.”
In June 2018, MGT formed a joint venture with US property developer Lincoln Property Company to pursue its Millennial Cities strategy focused on large scale, urban PRS and mixed-use developments. The first acquisition was Station Hill, a six-and-a-half-acre development site at Reading Station. Reading is the leading centre of technology in the Thames Valley and its station is the start and terminus of Crossrail. The strategic site has outline planning permission and an agreed Section 106 for combined office and residential development. It is one of the largest developments outside of London with a GDV exceeding £750m.