The platform is aimed at buying income-producing property assets in the UK, focusing on buildings affected by building safety and remediation issues.
ME Asset Management launched a new investment platform aimed at buying income-producing property assets in the UK, focusing on buildings affected by building safety and remediation issues.
The company said many of these assets have seen less investment due to technical and regulatory challenges, despite strong occupier demand.
The platform is supported by the founders of GRE Capital, a real estate funding business, and Fleetwood Architectural Aluminium, a re-cladding contractor with experience in complex remediation projects.
Verender Badial (pictured), CEO at ME Asset Management, said: “Many investors have stepped back from assets affected by building safety and remediation challenges, even where the underlying income is resilient.
“We see that complexity as an opportunity for disciplined capital – particularly where combining real estate finance expertise with delivery capability gives far greater clarity on cost, timing and execution.
“By approaching these situations with that level of certainty, we are able to unlock value in assets where others see risk and uncertainty.”
Jas Randhawa, co-founder and cladding expert at ME Asset Management, said: “Post-Grenfell, cladding and building safety have often been viewed as barriers rather than solvable challenges.
“Our experience is that, with the right technical expertise and early engagement, remediation can be planned, priced and delivered with far greater certainty than the market often assumes.
“That capability sits at the heart of ME Asset Management’s investment approach.”