Advisory, fund management and research firm Gavekal has purchased a 7.87% stake in Seaforth Land.
Seaforth land said the funds received from Gavekal will be used to grow its business, but did not disclose the amount paid by Gavekal.
Gavekal is to act as a strategic adviser to Seaforth Land, but will not have a representative on its board.
Louis-Vincent Gave, founder and chief executive at Gavekal, said: “There are close synergies between our two businesses, both in terms of the clients we service and our approach to doing business.
“Seaforth Land caters to the specific needs of institutional and sovereign investors by acting as a collaborative operating partner in the central London market. Tyler and his team intend to disrupt the industry by increasing transparency and eliminating the high costs associated with investing in real estate through traditional fund managers.”
Tyler Goodwin, founder and chief executive at Seaforth Land, added: “Gavekal’s strategic investment advances us closer to our goal of being London’s best commercial operating partner to institutional clients. The board and I very much look forward to benefiting from Louis Gave’s advice as we continue to grow the business.”
In May 2018, Seaforth Land with QuadReal Property Group acquired Space House (CAA House), WC2, for £165m from Almacantar.
It is planning to revamp the 230,000 sq ft property once current tenant the Civil Aviation Authority moves out at the end of the year and is understood to have already instructed Savills as leasing agent for the planned redevelopment.
Seaforth Land also secured planning permission last year for the redevelopment of Eight Bleeding Heart Yard (21-23 Greville Street , EC1) and Spitalfields House (110-114 Middlesex Street, E1).
Gavekal provides research, money management and software services to asset managers and corporations. Its combined research services have more than 900 institutional clients worldwide, while the fund management team has around $1.5bn under management for institutional investors.
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