Two former Thackeray Group directors have launched a new property investment, development and asset management venture called SevenCitiesLdn.
Giles Hoare and Cameron Mitchell, who together have a combined 25 years’ experience, have launched the new venture, which is backed by SevenCapital.
The business, which is backed by £100m in capital, is dedicated to acquiring and repositioning value-add real estate opportunities across London, the South East and key regional cities. It will initially target assets between £5m and £30m, across multiple sectors, including commercial, residential, student accommodation, retail, hospitality and leisure.
Prior to forming SevenCitiesLdn, Hoare was investment director at Thackeray Group, which he joined in 2018, and prior to that he worked for London & Cambridge Properties and Cushman & Wakefield. Mitchell joined Thackeray Group as development director in 2019 and prior to that he worked as a surveyor for CBRE.
Damien Siviter, group managing director at SevenCapital Group, said: “At SevenCapital, we pride ourselves on our ability to both identify and nurture new investment, development and business opportunities. Embracing modern advances in technology, new ways of working, and employing emerging industry talent are key ingredients to the future success of our business, the property market and indeed the urban landscapes within which we operate.
“SevenCitiesLdn is an exciting new venture, with an enterprising vision and approach to transforming the built environment that both aligns with our values and adds a new dynamic to the SevenCapital Group. I look forward to supporting and developing the business as it establishes itself and grows over the coming months and years.”
Hoare added: “The UK real estate market continues to offer compelling opportunities for those with the vision and agility to act decisively. With the backing of SevenCapital, we have the firepower and platform to make a meaningful impact. We look forward to collaborating with investors, occupiers, and stakeholders to deliver transformative projects.”
Mitchell said: “SevenCitiesLdn brings a fresh and ambitious approach to real estate investment and development. We are combining SevenCapital’s established expertise with a forward-thinking, entrepreneurial mindset to identify and unlock value in the market. With significant capital available, we are dedicated to acquiring and developing real estate that caters to the evolving urban landscape and needs of modern business and communities.”
