Maven strengthens senior management team with two partner promotions

Colin Anderson

The firm said the strengthening of its partnership base reflects its continued commitment to expanding Maven’s property investment offering.

Colin Anderson joined Maven in 2014 to further grow Maven’s property investment business, having previously spent 11 years in the corporate banking and real estate finance roles at The Royal Bank of Scotland.

Since joining Maven as an investment director, Mr Anderson has been responsible for growing the number of property assets from five to 23 and has led investments in the student accommodation, hotel, office space and residential sectors, Mr Anderson has also been instrumental in increasing the Gross Development Value (GDV) of these assets from £41m to £295m, prior to recent exits, and has led, or co-led, eight investments with a value of £135m and raised total equity of £47m.

Andrew Whiteley joined Maven in 2013 to help further advance Maven’s diversification into property investment and development and has been instrumental in the division’s growth.

Key to this has been Mr Whiteley’s relationship with Hong Kong and Singapore based investment group, IP Investment Management (IPIM), with which Maven has collaborated on eight high value property development projects in the student accommodation sector. Mr Whiteley joined Maven from Hotbed, where, as co-head of property, he had responsibility for portfolio management, sourcing, structuring and executing transactions on behalf of high net worth investors. Prior to his role at Hotbed, Mr Whiteley jointly ran the £2bn flagship UK commercial property fund at New Star Asset Management.

Andrew Whiteley

Maven’s specialist property investment team has extensive knowledge and experience of the UK property sector and identifies opportunities to combine capital and project management expertise in order to generate investor profits. The team has led on a number of transactions across a wide range of sub-sectors, including residential developments, hotels, student accommodation and offices and retirement living.

Between them, Mr Whiteley and Mr Anderson have led investments including: 

• the sale of three fully developed and let purpose built student accommodation (PBSA) assets in Dundee, Birmingham and Edinburgh for c.£50m;
• the build of a 200-bed PBSA development in Liverpool, the development of 365 PBSA beds across two locations in Stirling city centre and acquisition of a site close to Southampton University with planning for 204-bed property;
• a £35m development of a 221-bed Hampton by Hilton hotel in Manchester, due to open Q1 2020;
• the development of 129 family homes and affordable housing units at two residential development sites in the Central belt of Scotland;
• an investment in Goldcrest Communities, which specialises in obtaining planning consent and facilitating retirement villages;
• the investment in and board director position of Horizon cremation, developer / operator of new build crematoria facilities across the UK;
• the redevelopment of vacant office buildings in Marlow and Maidenhead to a Grade A office HQ totalling 49,000 sq ft and employing more than £10m of Maven co-investor equity across the two locations;
• The acquisition of a 110,000 sq ft industrial warehouse in Bishopbriggs, Glasgow leased to John McGavigan Limited.

Bill Nixon, managing partner at Maven, said: “We are very pleased to announce these partnership promotions, which reflect the excellent contribution both Andrew and Colin have built upon over the years as property investment directors at Maven. The appointments are timely, coinciding with rapid expansion for our property business and will only help to enhance our property investment offering by providing investors with access to well-researched UK property transactions whilst offering attractive risk-adjusted returns to investors.”