Expert Asset Management
UK Property Portfolios
Paul and Gerry have worked together since 2009 consistently outperforming the Investment Property Databank.
Paul Reid
Paul Reid has 35 years’ experience in the UK Property Sector as Principal, Developer, Investor, Asset Manager and Agent.
After graduating and joining Jones Lang LaSalle, Paul occupied senior roles at Brixton plc, Equity Estates plc and Parkridge. Paul was latterly Head of Asset Management at Centurion Properties Ltd. He sourced and agreed the acquisition of a light industrial portfolio on behalf of Scottish Widows Investment Partnership in 2009.
Centurion grew the portfolio to £300m, sourcing further acquisitions, with Paul heading the Asset Management function until the mandate expired at the end of 2014. The graph in our Methodology (Appendix 1), shows the performance of the portfolio that Paul managed when compared to the Investment Property Databank in the UK over the same period.
Centurion was invited to run a £200m portfolio on behalf of Aberdeen Asset Management in 2015, although acquisitions did not form part of that mandate.
Paul also co-invested in a £100m Fund with ISG Longbow in 2017, heading its Asset Management team, as well as co-investing with a private investment house in commercial to residential development opportunities in 2017-19.
We have now acquired some multi-let industrial assets for a private fund with a mandate to manage those assets.
Gerry Ferguson
Gerry Ferguson has 40 years’ experience in UK property, and has held senior leadership and Fund Management roles over the last 20 years for UK Property Funds with assets over £5bn.
Gerry has held senior Fund Management positions at Scottish Amicable, Scottish Widows Investment Partnership, and most recently at Aberdeen Standard Investments where he was Head of Pooled Funds with £5bn assets under management. These roles included membership of UK Property Investment Committees, which approved all purchases, sales and major capital expenditure across all Funds.
Having graduated from Glasgow University, Gerry qualified as a Chartered Surveyor and later became a member of the Investment Property Forum, and member of the Association of Real Estate Funds.
Paul and Gerry bring an extensive knowledge of the commercial property sector to any acquisition and management platform.
Michael Jones
Michael Jones is RICS qualified and formerly a Director of Investment at CBRE.
He has experience in procuring and managing, development, refurbishment and fit-out projects.
He has acted for a range of clients in identifying, sourcing and delivering value add opportunities within defined investment return criteria.
Currently working with a Columbia Threadneedle management team, Michael has delivered 100,000 sqft of BREEAM Excellent net carbon zero warehouse/industrial space at Deeside Industrial Park
Michael has acted on behalf of a wide range of clients with Paul Reid including Centurion Properties and SWIP, and also for Columbia Threadneedle Investments, where he is currently running the £70m multi-let asset at Deeside Industrial Park.
Michael runs Exos Asset Management in the North of the UK.
Andrew Glencross
Andrew Glencross has 30 years’ experience in real estate investments, developments and property finance at a senior executive and board level.
Working with Bravura Capital, Andrew listed Mainland Real Estate limited on the JSE and the Stock Exchange of Mauritius, in his capacity as CIO, and in partnership with Paul Reid. Mainland was focussed on multi-let industrial assets in the UK and Europe.
Andrew was also head of asset management at Texton Property Fund Ltd, a listed property fund with a portfolio in SA and the UK, and was a director and shareholder of Equity Estates (Pty) Ltd for 8 years where he asset-managed a £1bn property portfolio. Equity Estates was a specialist commercial developer and investor with a UK arm, where Paul Reid ran the UK development portfolio.
Andrew co-owned his own asset management business for 5 years, after he was Commercial Director of Rebosis Property Fund and a member of the Exco, prior to joining Exos Asset Management.
Andrew runs Exos Asset Management in the South of the UK.
Trevor Croucher
Trevor Croucher is a chartered accountant and oversees the financial aspects of portfolios run by Exos Asset Management.
Responsible for the financial management reporting on a £300m portfolio for SWIP, working with Paul Reid and Gerry Ferguson.
Trevor produces bespoke system reporting for Fund Managers.
His team is also responsible for financial modelling of asset and portfolio performance with analyst Chris Carey.
Chris Carey - Financial Analyst