A team of former HSBC alternatives investors has launched Blue Noble LLP, a London-based boutique acquiring and managing European property investments on behalf of HNWI clients.
The team consists of Paul Forshaw former global head of Real Estate at HSBC Alternative Investments as well as Toby Evans, , Harry Heathcoat Amory and Will Michell, who served as directors at HSBC Alternative Investments.
The launch takes place in a strategic partnership with Swiss firm Woodman Group, which has committed $50m of real assets and new capital commitments. This includes two European mixed-use portfolios incorporating offices, residential and retail assets valued at $450m, as well as a capital commitment of $100m.
Paul Forshaw, managing partner of Blue Noble, comments on the launch: “Banks have, over recent years, increasingly returned their focus to core business areas including lending and asset custody rather than direct investment. With sustained demand from private banking customers for access to alternative investment product, Blue Noble should be well positioned to work with those banks, and other investors, to provide appropriate and compelling real estate investment solutions. As an independent firm, we take ownership of our decisions and have far greater flexibility to adapt and capitalise on the changing investment landscape. We look forward to closely aligning our investment strategy with our clients’ needs.”
Daniel Aaxman, founder and CEO of Woodman Group, adds: “As an investment management group, we have always had a vision of offering clients access to a first-class real estate investment solution. With the expertise of the Blue Noble team, we are well placed to realise this vision”.