UK-based real estate developer Osborne+Co announced the launch of its investment management business to target emerging value-add and development opportunities in the UK and Europe. Rajesh Budhrani, Co-founder and Head of Asia for OCIM, believes that despite the uncertainty surrounding the current m
UK-based real estate developer Osborne+Co announced the launch of its investment management business to target emerging value-add and development opportunities in the UK and Europe. Rajesh Budhrani, Co-founder and Head of Asia for OCIM, believes that despite the uncertainty surrounding the current market conditions, Asian investors remain keen on foreign direct investment (FDI) into the UK. Therefore, India is among the key target markets for the new venture, including plans for an India office in the pipeline for 2021.
Osborne+Co Investment Management (OCIM) aim is to become a natural investment partner for globally-focused high net worth individuals (HNWIs), family offices and pension funds in India, north and south-east Asia, Europe and the UK, who are looking for risk-adjusted European real estate exposure.
Investors from the Indian sub-continent are very familiar with investing in UK real estate, in particular the residential buy-to-let asset class and second homes. Here, the yields are generally low. We, meanwhile, offer opportunities that can give a higher risk-adjusted return through value-added projects on both residential and commercial sectors, said Budhrani, a Director with Osborne+Co.
He is joined by Osborne+Co Co-Founder Conor Osborne, and Rishi Khurana, formerly at Sidra Capital, to set up OCIM. We have the agility of a dynamic start-up alongside the backing of an established sister company, Osborne+Co. Our investment focus will initially be to target core development and value-add opportunities across the UK and Europe, where we believe we are seeing an emerging disconnect in fundamentals and we anticipate value buying opportunities, explains Osborne, Co-Founder and Managing Partner of OCIM.
Under the investment strategy, OCIM says it will co-invest with its investor partners to deliver a hands-on and aligned approach focused on driving performance-defined returns, as opposed to a traditional fee-based model. Rishi Khurana, Co-founder and Managing Partner of OCIM, adds that the focus is on a performance-based model and an entrepreneurial mindset.