Hurstwood sets up asset management division
The new company will advise third-party investors on transactions and assets valued between £5m and £100m.
Hurstwood Asset Management will provide a “partner-led service for third party investors including developers, funds and charities across regional markets throughout the UK”, according to the company.
HAM will be headed up by Hurstwood Holdings chief executive Stephen Ashworth, with Richard Bousefield.
Bousefield, who has previously had stints at Harworth, Praxis Real Estate, and Cushman & Wakefield, joined the company earlier this year.
Co-directors Andy Park, Sam Ashworth, and Aimee Beaumont make up the HAM board.
Stephen Ashworth said establishing the new venture felt like a natural progression.
“Having built our own property portfolio to in excess of £300m, we believed it was the right time to create our own standalone Investment vehicle for external investors,” he said.
“The Hurstwood Asset Management team has a proven 30-year track record of successfully trading investment stock nationally. By working with like-minded investors, we offer bespoke solutions enabling third-party investors to benefit from our skills and experience when making new acquisitions as well as managing the assets to add value and deliver exceptional returns.”
Ashworth also said that an increased focus on ESG was another driver in the decision to set up the division.
“With ESG at the forefront of our investment strategy, we are well placed to help guide investors through the evolving challenges that the market faces,” he said.