PROPERTY NEWS
ASHTENNE INDUSTRIAL FUND APPOINTS NEW MANAGING DIRECTOR
24th February 2009
24th February 2009
Warner Estate Holdings PLC (“Warner Estate”) is pleased to announce that John Heawood has been appointed Managing Director of Ashtenne Asset Management, the division within Warner Estate responsible for the asset management of Ashtenne Industrial Fund (“AIF”). AIF is Fund Managed by Aviva Investors.
As Managing Director of the £820m Fund, John will oversee the intensively asset managed portfolio of 360 small, multi-tenanted estates. John will be working with a highly resourced, 100-strong asset management team, which operates from seven offices; a unique regional office structure that places the team close to its customers and the assets they manage.
From 1996 to 2008, John was a Main Board Director of SEGRO plc responsible for the entire UK property portfolio. For the first 20 years of his career, and prior to joining SEGRO plc, John undertook a variety of consultancy and agency roles and was a Director of DTZ. John joins AIF from LG – formerly Lawrence Graham – where he was Operations Director in their real estate team.
Michael Stevens, Property Director at Warner Estate comments: “John Heawood’s vast knowledge and experience of every stage of the property cycle will undoubtedly play a key role in driving the Fund’s performance forward at this time. The portfolio is inherently flexible which will give John a lot of space to manage liquidity and maximise tenant engineering opportunities. He is a welcome addition to our team.”
Sian Humphrey, Fund Manager at Aviva Investors commented: “We are delighted to have someone of John’s calibre and insight on the team, he will be invaluable in steering us through what is clearly a challenging market.”
John Heawood comments: “This is an excellent opportunity to work with an established and highly skilled team with a national network and a very occupier-focused management approach. Responsiveness that results from strong relationships with customers is vital, particularly in this economic climate.”
Notes to Editors:
AIF commenced trading in July 2001 and provides institutional investors with indirect exposure to small industrial properties throughout the UK. The portfolio is intensively asset managed to generate returns from lettings, sales, developments and change of use schemes. AIF operates a unique regional structure with offices in Scotland, the North East, North West, Midlands, Yorkshire, Wales and the South West.
In July last year, investors in Ashtenne Industrial Fund voted by special resolution in favour of extending the life of the Fund until 2016. The Fund is managed by Aviva Investors and asset managed by Warner Estate Holdings PLC (“Warner Estate”), whose contracts have also been extended until 2016.
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As Managing Director of the £820m Fund, John will oversee the intensively asset managed portfolio of 360 small, multi-tenanted estates. John will be working with a highly resourced, 100-strong asset management team, which operates from seven offices; a unique regional office structure that places the team close to its customers and the assets they manage.
From 1996 to 2008, John was a Main Board Director of SEGRO plc responsible for the entire UK property portfolio. For the first 20 years of his career, and prior to joining SEGRO plc, John undertook a variety of consultancy and agency roles and was a Director of DTZ. John joins AIF from LG – formerly Lawrence Graham – where he was Operations Director in their real estate team.
Michael Stevens, Property Director at Warner Estate comments: “John Heawood’s vast knowledge and experience of every stage of the property cycle will undoubtedly play a key role in driving the Fund’s performance forward at this time. The portfolio is inherently flexible which will give John a lot of space to manage liquidity and maximise tenant engineering opportunities. He is a welcome addition to our team.”
Sian Humphrey, Fund Manager at Aviva Investors commented: “We are delighted to have someone of John’s calibre and insight on the team, he will be invaluable in steering us through what is clearly a challenging market.”
John Heawood comments: “This is an excellent opportunity to work with an established and highly skilled team with a national network and a very occupier-focused management approach. Responsiveness that results from strong relationships with customers is vital, particularly in this economic climate.”
Notes to Editors:
AIF commenced trading in July 2001 and provides institutional investors with indirect exposure to small industrial properties throughout the UK. The portfolio is intensively asset managed to generate returns from lettings, sales, developments and change of use schemes. AIF operates a unique regional structure with offices in Scotland, the North East, North West, Midlands, Yorkshire, Wales and the South West.
In July last year, investors in Ashtenne Industrial Fund voted by special resolution in favour of extending the life of the Fund until 2016. The Fund is managed by Aviva Investors and asset managed by Warner Estate Holdings PLC (“Warner Estate”), whose contracts have also been extended until 2016.
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