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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 an independently-owned, real estate investment manager, with £250m of assets under management. Newcore specifically targets social infrastructure assets within the UK which it believes are integral to society, benefitting from limited supply, growing demand and generally offering some resilience to technology-driven change. 

Newcore manages capital in real estate on behalf of institutional, family office and private clients, through funds and separate accounts. It has a multi-strategy approach, investing across the risk spectrum.

ASSETS UNDER MANAGEMENT

CURRENT SECTOR
SPLIT

  • Social Infr. 36%
  • Storage 29%
  • Accommodation 27%
  • 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, with no single investment losing principal to date across either the separate accounts or fund series.

Newcore buys land and buildings; income producing or vacant assets; and asset backed operating businesses. It can invest in joint ventures with other investors, developers and operators.  

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, storage and accommodation 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 Fund IV, which has £100m of investment capacity.

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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Cardiff Gate

Motorway Service Area

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Acton

Open storage in west London

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Sutton

Clinical healthcare and judiciary

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Team

Hugo Llewelyn

Chief Executive Officer

Jane Adams

HR & Office Manager

Andrew Baum

Chairman

Andrew Burder

Financial Controller

Sophie Cowen

Fund Analyst

Juliette Chatellier

Financial Controller

Neil Sarkhel

Chief Operating Officer

Harry Savory

Chief Investment Officer

Jonathan Scriven

Director | Investment Management

Harry Smart

Investment Manager

Grace Thomas

Financial Accountant

News

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

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Newcore Capital acquires £25 million of children’s nurseries for education investment push

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Newcore Capital announces final close of £150 million value-add fund

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Newcore wins Alternative Team of the Year 2019

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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


3 Fitzhardinge Street - London W1H 6EF

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