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Newcore Capital is a real estate investment manager specialising in social infrastructure strategies across the UK

Who we are

Newcore Capital Management is a management-owned real estate investment manager with £250m of assets under management. Newcore specifically targets social infrastructure real estate within the UK.

 

Social infrastructure is real estate that delivers essential services to society. This includes education, healthcare, transport, waste management and retirement living. These sectors are integral to society, benefitting from limited supply, growing demand and generally offering some resilience to technology-driven change. 

 

Newcore manages capital on behalf of institutions, Local Government Pension Schemes, family offices and private clients, through funds and separate accounts. It invests across the risk spectrum.

 

Newcore is a Certified B Corporation and is FCA authorised. It was awarded Property Fund Manager of the Year at the Property Awards 2021. 

ASSETS UNDER MANAGEMENT

CURRENT SECTOR
SPLIT

  • Social Infr. 92%
  • Other 8%

CURRENT ALLOCATION
BY STRATEGY

  • Value-Add 56%
  • Core Plus 44%

SOURCE OF
CAPITAL

  • Fund Series 52%
  • Separate Account I 25%
  • Separate Account II 23%

Approach

Newcore’s investment philosophy is based upon purchasing intrinsically good quality and well-located assets for existing use value. Newcore then employs a range of in-house asset management skills to drive value (outlined below). It is through this approach, that Newcore aims to create an asymmetric return profile, which is evidenced through its track record. Newcore has 63 current assets managed, 43 assets realised, with a 15%+ p.a. aggregate IRR blended across all AUM since inception (as at Q3 2021). 

 

Planning Permissions

Sale and Leasebacks

Rent Reviews

Lease Negotiations

Lease Regears

Refurbishments

Newcore Capital predominantly invests via two strategies:

The Value-add Fund Series

  • NSS I
  • NSS II
  • NSS III
  • NSS IV

The Newcore Strategic Situations value-add fund series invests into social infrastructure real estate strategies (or assets that can be converted into these sectors) within the UK.

Newcore currently manages c.£150m of UK real estate within the series and is actively investing NSS Fund V.

Core / Core plus Separate accounts

Newcore manages c.£100m of UK real estate assets on behalf of two-family office separate accounts.

The core / core plus mandates target lower risk opportunities in the same asset classes as the fund series, plus strategic land and forestry. 


Please click here for our investment requirements and a list of contacts within our investment team.

Portfolio

Greater London Nursery Portfolio

Children's Nurseries

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Ascot

Life Sciences

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Cardiff Gate

Roadside

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Winchester

Elderly Care

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Team

Hugo Llewelyn

Chief Executive Officer

Jane Adams

HR & Office Manager

Andrew Baum

Chairman

Sophie Cowen

Fund Analyst

Juliette Chatellier

Finance Director

Neil Sarkhel

Chief Operating Officer

Harry Savory

Chief Investment Officer

Ravi Patel

Finance Manager

Jonathan Scriven

Director | Investment Management

Piers Windsor

Associate Director | Investment

Harry Smart

Associate Director, Investment Management

Grace Thomas

Financial Accountant

News

Newcore Wins Property Fund Manager of the Year Award

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Newcore agrees 215,000 sq ft storage letting to continue strong asset management performance

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Newcore Capital secures £22 million debt facility from Rothschild & Co

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Newcore Capital becomes UK’s first social infrastructure investment manager to certify as a B Corporation

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Charitable

Newcore works with Charities involved in education, healthcare, homelessness, rehabilitation and other valuable social services connected to its business. It does this by team fund-raising and also pro-bono work. For example: 

  • Over the last four years, Newcore has raised £200,000 for its chosen charities, the Clink and Aspire (Oxford). 
  • Newcore is currently coordinating the regeneration of a church and associated strategic land in Blackbird Leys, Oxford. It is also assisting an academy trust in its property straetgy around educating secondary state school children.
  • Newcore also encourages its staff to participate actively in the charities that they wish to support in trustee, volunteer or other supporting roles.  

CONTACT US

Newcore Capital Management LLP


First Floor, 50 Marshall Street,
London, W1F 9BQ

Phone: +44 (0) 20 7925 0616
Email: jane.adams@newcorecapital.com