A new end-to-end living sector management business has launched following a spin-out of Dandara Living Management from the Dandara Group.
Colby River offers a fully integrated end-to-end platform, from deal sourcing, underwriting and execution through to development, mobilisation, long-term lettings and operations.
The business will operate independently, with a new executive team and a service offering that includes capital management, development and operations.
Delphine Deasy, who has more than 25 years of leadership experience, has been appointed managing director of capital management at Colby River.
Deasy said: “We have launched Colby River as a response to how the residential market is evolving. Institutional investors are increasing their allocations to the living sector due to its strong fundamentals and stable cashflows. Investors are no longer focused on one narrow asset class. They need operational partners who can deliver on their investment strategy, work across multiple living sectors, consolidate reporting and manage scale intelligently throughout the entire lifecycle.
“Colby River has been set up to offer the market an end-to-end solution. Incisive and operationally nimble, the business is designed for long-term alignment with capital. The company is perfectly positioned to provide independent expertise to a diverse base of institutional investors, securing the most compelling investment opportunities on the market.”
Trevor Dempsey, CEO of Dandara, added: “The spin-out of the growing management business will enable Dandara to concentrate on what it has always done best – collaborating with a range of partners to deliver much-needed quality homes and apartments.”
CMS, Simmons & Simmons and Knight Frank advised on the transaction.
