Praxis has appointed Adam Isaacs and Calum Hulme from Brockton Everlast as managing directors in the firm’s investments and capital markets/investor relations teams respectively.
The appointments are part of Praxis’ wider business growth strategy, which will see it expand its operations into new asset-classes and markets, including Central London.
Isaacs (pictured) was a managing director in Brockton’s investment team and spent the last decade working across multiple real estate sectors and strategies.
In his new role, Issacs will report directly to Praxis’ CEO Mark Harrison and bolster the firm’s investment team as it explores new avenues of opportunity.
Hulme spent almost 10 years at Brockton where he was most recently a managing director, with responsibilities for fund and portfolio management and investor relations. Prior to Brockton he worked for EY and M&G Real Estate.
In his new role, he will work across the investor relations and capital markets teams at Praxis, supporting the business by broadening its range of capital relationships.
Isaacs said: “It’s an exciting time to join Praxis, who are firmly in acquisitions mode, with the resources to build on a long-term track record of delivering strong investor returns by capitalising on clear pricing dislocation as we move into a new cycle. With the sector undergoing significant structural change, there are attractive buying opportunities for well-capitalised and nimble investors with the ability to actively manage operational real estate assets.
“We have all the right ingredients in place to scale the Praxis platform across both existing and new UK real estate strategies, and I look forward to driving this forward, with an initial focus on Central London in particular.”
Hulme added: “Praxis has established a differentiated track record of unlocking latent investment opportunities from which it has generated consistent outsized returns ahead of the market benchmark. My goal is to nurture the firm’s existing strong investor relationships, while helping to grow new capital relationships, leveraging the business’ success in creating value through cycles from its proven vertically integrated platform.”
James Hewitt, chief operating officer at Praxis, said: “These appointments demonstrate not just our ability to attract the best talent in the industry, but our unwavering commitment to exponentially growing the business at what is a very exciting inflection point in our evolution. The deep experience and successful track records of both Adam and Calum will be invaluable as we seek to attract and deploy significant capital over the coming years, responding to a strong pipeline of opportunities across the UK real estate market.”
Keen & Partners advised Praxis on the appointments.
