Future Capital Partners Beefs Up Real Estate Team

Nov 3 2010 | 3:00pm ET

UK-based Future Capital Partners (FCP), a £6 billion alternative investment boutique, has added three members to its real estate team.
 
The new hires are Elodie George, Tim Mycock and Aysha Banks who will add their experience to the real estate, structured finance and corporate tax arenas.
 
George (manager, real estate), who worked previously at Alpha Real Capital and Hatfield Philips International, also has hotel industry experience, thanks to her two years as European financial analyst for Méridien Hotels & Resorts. She will be responsible for the development and execution of existing and new investment opportunities. 
 
Sharing that responsibility will be Mycock (manager, structured finance), who was previously with CLP Structured Finance and Red Chilli Structured Finance, and who has extensive knowledge of both UK and overseas real estate.
 
Banks (associate, real estate), with over four years’ experience in corporate tax at PricewaterhouseCoopers and Ernst&Young in Australia, will focus on the development of new real estate investment products.
 
All three will report to FCP real estate head Peter Young and assist in managing investment partnerships for the firm’s £150 million luxury real estate development in Budva, Montenegro, as well as a number of UK real estate developments planned for the next 12 months.
 
The Montenegro project, initially launched to investors last year, is funding the construction of a 5-star luxury hotel development in the coastal resort of Budva. The project has raised seed equity of £25 million through UK wealth managers, high-end IFAs and private banks since being launched last year. FCP expect to raise a further £5 million during this round of capital raising for the project with debt capital expected to be raised by June 2011.
 
Construction work on the development is expected to begin in the third quarter of 2011 and will be completed by late 2013. 

In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.