IP Investment Management (IPIM) has recently opened its new UK office in Haymarket, London, which has enabled the company to expand its purpose-built student accommodation (PBSA) presence and investor relations outreach beyond its predominantly Asia-based clientele.
Since its 2013 inception, IPIM has largely been focused on investing in regional UK real estate with an emphasis on both value-add and opportunistic investment strategies in the Living sectors.
These strategies include acquiring existing assets with business plans centred around redevelopment, conversion, repositioning or buying development sites – with planning permission for UK PBSA as well as Build to Rent and multifamily schemes.
Leveraging its decade-long track record in the UK PBSA market, most recently in Q1 2023, the company launched IPIM UK Student Living LP, its maiden commingled closed-end fund targeting the acquisition and/or development of four UK PBSA investment opportunities for a five-year fund life. The investment manager is currently raising funds for this venture.
Three staff members will be housed out of the company’s London office, including Jason Lamb, Director of Investor Relations.
Jason has relocated from IPIM’s Singapore office to launch the new UK venture. His team will focus on servicing existing clients and fundraising for new IPIM-managed private equity real estate funds.
“The UK has always been a core market for IPIM given its stable developed economy characterised by low political risk, strong rule of law, and stringent regulations, all of which provides clients with confidence and reassurance. Approximately 56% of our total current assets under management are situated in the UK. As such, it makes strategic sense for IPIM to expand onshore to the UK to further build out our investor relations and capital raising capabilities, enabling us to provide these UK investment opportunities directly to UK and European-based clients.”Selina Williams, Executive Director, IPIM
IPIM’s most recent achievement was the sale of Duresme Court (Durham) and West Gate (Exeter) to Brookfield’s European Real Estate Partnership Fund in Q4 2021/Q1 2022.
Through its Hong Kong and Singapore offices – over the past ten years – IPIM has raised and deployed equity capital commitments in 17 IPIM-managed closed-end private equity real estate funds, by a mix of Asia and Middle Eastern-based high-net worth individual investors and family offices.
“With most of our investments into the Purpose-Built Student Accommodation and Built to Rent space being in the UK, we are very excited to be able to offer these opportunities to a UK audience. UK investors also understand the local real estate markets well and have good sense of the investments we make from a location perspective.”Jason Lamb, Director, IPIM
IPIM’s value proposition is to advise and facilitate the targeted deployment of its clients’ capital into attractive direct real estate investment opportunities in selected developed markets including the UK, US and Europe.
Currently, the company actively manages a US$366m real estate portfolio with underlying assets located in these three key markets.