SANDAIRE AND DELANCEY LAUNCH MOUNT KENDAL IN SINGAPORE AND HONG KONG,
OFFERING A UNIQUE REAL ESTATE INVESTMENT ADVISORY SERVICE TO ASIAN INVESTORS
26 April 2017 – Sandaire, an international family investment office with a base in Singapore and Delancey, a UK focused real estate advisory company, today launch Mount Kendal in Asia. Mount Kendal is a new collaboration between Delancey and Sandaire and will be focused on delivering bespoke UK real estate investment advice to Asian investors and international family offices.
Together, the two firms bring over 45 years of experience to Mount Kendal, which was established to deliver acquisition strategies and innovative asset management initiatives. Ultimately Mount Kendal seeks to create and protect value across a myriad of multi-sector, single asset or asset portfolio investments; from office, retail, residential and logistics; to healthcare, education, equity reversions and more.
Matching investment performance with individual client focus, and a deep knowledge of the UK property market, Mount Kendal will consider transactions of all sizes with a UK geographic focus; providing knowledgeable services and strategic solutions across investment acquisitions, disposals, development and asset management. The Company’s broad skill set will respond to client objectives and provide tailored investment strategies, enabling a focused approach to each transaction or investment type, whether related to a pool of capital or a portfolio of assets.
"We feel that this is a timely moment to launch Mount Kendal in an unsettled world, to enable Asian families and investors to make the most of the current opportunities in UK real estate."
Alexander Scott, Founder and Chairman of Sandaire commented: “We think there is an opportunity to serve the needs of significant families who want direct exposure to real estate. The service that we're going to offer is a bespoke response to the requirements of the family offices and investors that we work with. That’s different than anything else we think is in the market place. The critical thing is that we are offering a service, not selling a product. We are helping families to understand what it is that they want and then we’re going to deliver a service based on those principles”.
Jamie Ritblat, Founder and Chairman of Delancey commented: “Asia is clearly the dominant force as we look forward to the next ten to fifteen years. There continues to be a lot of capital coming from Asia directed at Western Europe. London looks stable and quite compelling on a relative basis, albeit there is a little bit of uncertainty, but is very unlikely not to remain the capital city of Western Europe. We feel that this is a timely moment to launch Mount Kendal in an unsettled world, to enable Asian families and investors to make the most of the current opportunities in UK real estate”.
For further information:
Elizabeth Chu / Lucy Bowen
Bell Pottinger – Singapore Tel: +65 6333 3449
Dido Laurimore / Tom Gough
FTI Consulting Tel: +44 (0)20 3727 1000
NOTES TO EDITOR
Mount Kendal is a collaboration between Delancey and Sandaire, two well-established companies with 45 years’ combined experience, providing unique insight and an intelligent, respected approach to real estate advisory services.
Both companies are committed to providing a considered, individual approach to each investment, whilst establishing significant benefits for the communities and environment they work within.
Sandaire was originally founded in London in 1996 by Alexander Scott to manage the wealth of the Scott family following the sale of Provincial Insurance and Exeter Bank, and to provide this same service to other families and foundations. This service was extended to families in Asia with the opening of Sandaire Singapore in 2012.
In 2014, Sandaire joined forces with Lord North Street Private Investment Office, a similar multi-family office pioneer that had been established in 2000. Operating as Sandaire, the enlarged firm has offices in London and Singapore, and provides independent investment management services to relatively few families with large fortunes and substantial endowment funds, including Oxford and Cambridge Colleges.
Sandaire is a founding member of the Wigmore Association, an organisation of eight family offices and multi-family offices across the world, which share ideas and investment research relevant to the dynamics of family wealth.
Both Sand Aire Limited and Lord North Street Limited are authorised and regulated by the UK Financial Conduct Authority.
Sand Aire (Singapore) (Pte.) Ltd. holds a Capital Markets Services License issued by the Monetary Authority of Singapore for conducting the regulated activity of fund management in Singapore.
Delancey is a specialist real estate investment, development and advisory company with over 25 years’ experience.
Delancey has been involved in a diverse portfolio of retail, residential, office and corporate assets across London and the UK, including the Alpha Plus Group, Elephant & Castle Shopping Centre and 185 Park Street on the South Bank. Delancey is also a pioneer in the private rented sector and has spent much of the last few years bringing the legacy of the London 2012 Olympics to life. Delivering over 3,000 homes for rent at the award-winning East Village, the former London 2012 Athletes Village, and revealing the UK’s leading creative and digital hub at Here East, the former Olympic Press and Broadcast Centre, which will provide over 4,500 jobs on-site and an expected additional 2,000 jobs in the local area.
Delancey is a Registered Investment Advisor with the SEC, and is authorised and regulated by the UK Financial Conduct Authority.