£100m investment arm launched by Brum property giant
A new investment vehicle aimed at boosting underperforming commercial properties in cities across the UK has been launched by Birmingham-based Nurton Developments.
Nurton Capital will be led by former Knight Frank boss Ashley Hudson and aim to build a rolling portfolio of £100m using capital seeded from Nurton Developments.
Hudson brings more than 30 years of experience in commercial real estate, having led Knight Frank’s 50-strong city team to become one of the region’s leading advisers.
Over his career, he has worked with family trusts, high-net-worth individuals, developers, and private equity investors both in the UK and overseas.
His standout deals include the £55m acquisition of Mitchells & Butlers’ Birmingham HQ for US investor Blue Owl and the £10m purchase of the Chatwin Building on Colmore Row for Kinrise.
Hudson said: “This is a hugely exciting opportunity to combine Nurton’s enviable track record as a Midlands family business, with over 20 years of experience in value-add and development, alongside my own industry expertise, market knowledge and strategic direction.
“Our focus will be on mature markets such as the Midlands, Manchester and Bristol, with the aim of growing assets over the next one to five years. Together we are well placed to build a high-quality portfolio.”
Hudson joins a number of high-profile appointments at Nurton in the past two years including Guy Bowden from Bridges Fund Management, Ian Harris, who leads a new joint venture, Nurton Retail Ltd, and Peter Leaver, former JLL Head of Midlands Planning and Development.
