Hong Kong-based investment and advisory firm TTB Partners has acquired a minority stake in M7 Real Estate.
It forms part of a wider collaboration between the two businesses that is aiming to take advantage of the ongoing interest in European real estate from Asian investors.
TTB will use its contacts in Asia to find new capital to invest in UK and European property via joint ventures or investment funds.
Jonathan Bond, co-founder of TTB, said: “Despite challenging current market conditions, we continue to see a strong trend of Asia-based capital pools searching for robust European assets with a particular interest in asset classes such as regional offices and retail warehousing.
“These asset classes are expected to benefit from increased demand as working patterns and consumer habits continue to evolve as a result of the Covid-19 crisis.”
Richard Croft, chairman of M7, added: “Since we formed M7 Real Estate, Asian investors have been a very important source of capital for our business and we are fortunate to have many long-established partnerships and clients in the region.
“Despite the current Covid-19 crisis, we are firm believers in the underlying fundamentals of many parts of the UK and European real estate market over the long term. We also have strong ambitions to continue to grow M7 and recognise both the ongoing strength of demand for European real estate from Asian investors and the importance of finding new partners in the region who can help us achieve our goals.”
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