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

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

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

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

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.