New asset manager SPI Capital launches after securing seed funding for £250m PRS investment

SPI Capital

SPI Capital

A new algorithm-led property asset management business, SPI Capital, has launched in London, after securing seed funding and is targeting £250m Private Rental Sector investment across 3,000 flats and houses.

The business, which invests across the North of England and Oxford-Cambridge Arc, is underpinned by market-leading technologies and aims to transform the way investors access stable, hands-off returns from residential property while providing quality key worker housing.

Anna Clare Harper, CEO of SPI Capital, said: “The global pandemic has highlighted an opportunity to help deliver quality housing for key workers, whilst delivering sustainable returns to investors, through focusing on a resilient asset class.” She explained, “The investors we work with want to be able to support a vital section of the country’s labour force, without compromising on financial returns. They recognise that quality residential property rented at a fair market price makes commercial sense, and offers a ‘win-win’. The PRS investments we focus on have delivered 95%+ rental income take vs <50% to many commercial property investments in 2020.”

SPI Capital is spearheaded by real estate specialists Anna Clare Harper, Ruth McCarthy and Damien Fogg.
CEO Anna Clare Harper is a leading real estate strategist and author. MD, Ruth McCarthy, is the former Head of Real Estate at a top 100 UK law firm. CIO Damien Fogg is a Chartered Building Surveyor and former financial advisor.

Together, the trio has delivered more than £4bn real estate transactions and managed upwards of 5,000 properties. Their experience spans law, risk management, institutional investment, financial advice, restructuring and strategy, advising global banks, institutional investors, private equity firms and public bodies.

CIO Damien Fogg added, “The market has seen major shifts in the last 12 months, accelerating changes that have been happening for some time. Residential property will remain a key component of investor portfolios. However, fewer people will be willing and able to invest on an individual basis going forward due to the growing regulatory burden. By providing a professional, end-to-end service, we can support investors seeking to preserve and grow wealth through property, without the time commitment and effort required.”