Stuart Grant is to depart Stanhope, less than two years after he joined the business as part of its succession plans.
He joined as managing director from Blackstone, where he headed up its asset management business in Asia-Pacific, and was slated to be Stanhope chief executive David Camp’s successor.
Grant will now set up his own real estate investment and asset management firm, to be known as CoreLife Investors, which will focus on life-science innovation clusters and core-plus investment opportunities in London, Edinburgh, Oxford and Cambridge.
Graham Stanley, the former founder of real estate private equity firm Moorfield, will be CoreLife’s chairman and strategic adviser.
The new venture will be up and running by from September and will look to assemble a team of around five specialists to identify and line up investment.
Camp said: “Stuart has broadened our client reach, won new mandates for the business and enhanced our systems and processes.
“He recently helped lead the purchase of Chiswick Park Building 7, which will form the basis of our new investment management business.
“I have appreciated Stuart’s friendship and contribution to the business and we wish him every success in the future.
“I am committed to leading the business for the foreseeable future.”
Grant added: “I am proud of what we have achieved together at Stanhope. I feel privileged to have spent time at Stanhope and to have worked alongside such talented and professional people.
“Looking forward, I am energised about the chance to build a value-driven, real estate investment and asset management platform with a strategy focused on the longer term outlook.”
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