Newcore Capital Management is a management-owned real estate investment manager with £300m 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, strong demand and generally offering some resilience to technology-driven change.
Newcore manages capital on behalf of institutions, UK Local Government Pension Schemes, family offices and high net worth individuals, through funds and separate accounts. It invests across the risk spectrum.
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 Q4 2021).
Newcore believes that strong and transparent governance is critical to the sustainable management of funds and its management platform. The business became a Certified B-Corporation in 2020 and is the first dedicated UK real estate investment manager to become one. The B-Corporation is an ethical business movement which legally requires Newcore to balance the interests of all its stakeholders, creating a positive business culture. Additionally the business gives at least 10% of its profits to charity via the foundation that it has set up and actively fundraises for charity. Its 2020-2022 partner is the Aldridge Foundation.
Newcore is committed to addressing climate change. We minimise embodied carbon by, where possible, repurposing existing buildings and are steadily reducing C02 emissions on the road to net zero.
Newcore, as part of being a good corporate citizen, runs its funds onshore, under the UK HMRC tax regime (its funds are tax transparent at entity level). It is committed to paying all central and local government taxes levied on it and its funds; and to ensuring that it is policy compliant in planning applications as to affordable housing, educational and environmental levies made during the planning process.
Chief Executive Officer
HR & Office Manager
Senior Analyst | Capital Management
Director of Sustainability
Chief Operating Officer
Chief Investment Officer
Director | Investment Management
Associate Director | Investment
Associate Director | Investment Management
Associate Director | Capital Management
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:
First Floor, 50 Marshall Street,
London, W1F 9BQ
Phone: +44 (0) 20 7925 0616