Middle Eastern-backed Amiri Capital is planning a £500m UK spending spree in 2015.
The investment manager has awarded niche agent Tudor Toone a mandate to source deals with a particular focus on offices and shops, in lot sizes ranging from £50m to £150m, in London and the South East.
Amiri assembled PCW, which bought 129,200 sq ft Park Crescent West (pictured), a luxury residential development opportunity, for £105m in a joint venture with Great Marlborough Estates in 2013.
It also bid to buy the £300m Old War Office in Whitehall, SW1, shortly before Christmas, but lost out to the Hinduja brothers and Spanish industrial group Obrascón Huarte Laín Desarrollos.
Amiri was launched in 2006 and is run by Richard Ellis, who had previously worked at Morgan Stanley, and former head of Lloyds TSB Islamic Financial Services Bindesh Shah.
It has invested £1bn in the UK and Europe to date.
Ellis said: “With a permanent presence in both the Gulf and the UK, Amiri is well positioned to access and deliver compelling opportunities carefully matched to its clients’ needs.”
