Oxenwood Real Estate co-founder Jeremy Bishop has launched Arkus Real Estate, an investment and development firm focused on creating “fit-for-purpose” industrial and logistics real estate.
Bishop intends to take advantage of the recent pricing reset and will focus on repositioning out-dated property across the UK into Grade A, highly sustainable assets.
The firm plans to raise capital from institutional and family office investors from the UK and overseas and will initially acquire existing, income producing industrial real estate that is at risk of obsolescence.
Arkus will only consider sites in locations with the greatest supply/demand imbalance and where there is adequate power supply to meet the demands of modern logistics businesses.
Bishop (pictured) said: “During the last 10 years there has been a profound dislocation in property markets, setting the scene for a substantial volume of repositioning and redevelopment opportunities. With interest rates likely to remain higher than the recent norm, Arkus Real Estate is focused on strategic stock selection; making investments where we can drive returns through asset and development management to create portfolios of high quality assets, generating recurring and growing income streams.”
Arkus has hired Ashley Harris from Oxenwood, who will be responsible for asset management and leasing, and Sebastian Gray from Monta Capital, who joins the firm as an investment analyst responsible for underwriting acquisitions and sourcing assets.
Bishop said: “Given Arkus’ focus on creating fit-for-purpose real estate, it was immensely important to get the team right from day one. Ashley and Sebastian are two serious property professionals who share my commitment to generating high quality real estate, providing an exceptional service for investors and for the communities in which we’ll operate. To my mind, 2024 will be seen to be a good time to be deploying capital into real estate again.
“Opportunistic investors who see the potential in the sector and who welcome a collaborative approach with skilled partners will be very well placed to take advantage at this stage in the new cycle. With a tranche of refinancings due and interest rates still at relative highs, now is exactly the right time for a firm like Arkus to use its specialist expertise to seize the opportunities on behalf of investors.”
