|Date||09th July 2018|
|Source||Hearthstone Investment Management Ltd|
Expanding team supports acquisition drive across UK regions
Hearthstone Investment Management Limited, a residential property (PRS) institutional investment manager, has announced the appointment of John Coles as Asset Manager, responsible for managing the property portfolio of the firm’s private equity fund, Hearthstone Residential Fund 1 (HRF1).
John will have responsibility for the strategic asset management of the Fund’s growing portfolio which will include oversight of the existing property managers. He will also work closely with other members of the team on new acquisitions across the UK.
Richard Otten, Partner and Director of Asset Management, Hearthstone Investment Management commented, “We’re very pleased to have John join us, just at a time when we are expanding our investments in residential property across the UK. John’s strong track record in the acquisition and disposal of a wide variety assets combined with his asset management experience will be invaluable as we seek to acquire further assets for our private rented sector portfolio.”
John most recently was Asset Manager for Mapeley Estates working on the HMRC STEPs Estate and previously trained with BNP Paribas Real Estate in their City office. His experience stretches across both client side and consultancy roles with a strong background in dealing with challenging assets including complex receivership and insolvency positions.
John is a qualified chartered surveyor and a graduate of both the Universities of Leicester and Sheffield.