Moorfield Group has announced a series of promotions and a restructure of its senior team.
Current CEO Marc Gilbard, who has been with the company for 28 years, will assume the newly created position of executive chairman and will share CEO responsibilities with current CIO Charles-Ferguson Davie, who has been with the company since 2005 and will become co-CEO and CIO.
Sadie Malim joins the Moorfield Group board as chief legal and corporate development officer and Steve Hall joins the board as chief financial officer. Malim and Hall have both been with Moorfield for more than 15 years.
In Moorfield’s origination team, Pablo Hutchinson and Oliver Wallbridge have also been promoted, to senior investment manager and investment associate, respectively.
Gilbard said: “The restructuring of our senior leadership team will serve to strengthen both our board and company by taking advantage of our long established complementary and diverse skill set, thereby also ensuring we retain Moorfield Group’s position as a leading UK-focussed real estate investment manager. I have overseen several transformations at Moorfield, from a publicly listed local asset and operational partner to a private equity investment, asset and operational manager, partnered and trusted by blue-chip institutions globally for our ability to identify sector disruption and emerging trends. I would like to thank our investors who have supported us on this ongoing 28-year journey and continue to place their trust in us.
“Moorfield has been an early entrant into many of the alternative sectors that are now becoming increasingly mainstream, having entirely exited cyclical sectors such as retail, office and hospitality/leisure some years ago. Moorfield’s focus is currently on the living and storage sectors which we believe to be supported by structural drivers of demand and a shortage in suitable supply.”
Ferguson-Davie added: “Our thematic approach to investing by targeting sectors marked by growing demand, a lack of fit-for-purpose supply and low levels of institutional ownership, has positioned us well for the coming cycle. A reallocation is taking place within institutional investors’ real estate portfolios, with alternative real estate asset classes becoming increasingly mainstream thanks to compelling structural supply/demand dynamics, greater insulation from GDP fluctuations and the promise of inflation-linked income.
“As evident in the launch of MREIT, our residential for-rent focused private REIT, we are constantly innovating to create new ways for investors to access emerging opportunities in UK real estate and believe 2024 will be a great vintage for value-add investing.”
