Tri7 has hired Ben Beck from Blue Coast Capital to launch the firm’s new office investment business TriOffice.
At Blue Coast Capital, Beck was responsible for UK value-add and opportunistic commercial property investments and prior to that, he worked at Columbia Threadneedle, where he was responsible for sourcing, analysing and transacting property investments across a number of pooled UK balanced funds and closed-ended private equity vehicles.
In his new role, he will serve as managing partner of TriOffice, which will target offices that require repositioning within prime micro-locations in London and major UK regional cities.
Tri7 will invest its own capital alongside a number of capital partners – incorporating family offices and private equity – with the new business targeting a £250m to £300m portfolio of office assets over the next three years.
Beck said: “The UK office market is undergoing significant structural change, creating a huge opportunity for those who can identify, acquire, and reposition strategically located office assets in the major UK cities. Tri7’s existing expertise in regenerating complex city centre sites, plus its ambitious approach to UK real estate, puts us in a very strong position to make the most of these opportunities to create premium sustainable office assets that cater for modern occupational patterns.”
Samuel Castle, partner at Tri7, added: “Ben’s extensive experience and track record in UK commercial investments align perfectly with our strategic vision. As value-add and opportunistic investors, with a strong track record in unlocking sites through planning, the launch of TriOffice, spearheaded by Ben, offers us another way to take advantage of structural trends in the UK’s real estate markets and create value for our capital partners.”
