Four former managers of Cromwell Property Group and Valad Europe have reunited to form MC Property – a pan-European real estate investment management firm focused on the industrial, office and infrastructure sectors.
The four behind the launch are: Mark McLaughlin, former European managing director of Cromwell; Rob Cotterell, former head of investment for Europe and head of UK at Cromwell; Wouter Zwetsloot, former head of real estate Europe and head of Benelux at Cromwell; and Martin Hanratty, who was a fund manager at Valad Europe, which was acquired by Cromwell in 2015, and was most recently property director of Bizspace.
McLaughlin and Zwetsloot will be based in the Netherlands and Cotterell and Hanratty will be based in the UK.
They will work with Thomas Heidelberger, their operating partner in Germany and former development executive at Valad Europe, to create bespoke strategies for institutional, private equity and high net worth investors, providing the full range of services in investment, asset and development management.
The initial focus of MC Property will be on value-add and opportunistic investments in the UK, the Netherlands and Germany through developing or repositioning logistics facilities, office buildings and infrastructure mobility hubs.
McLaughlin, managing partner of MC Property, said: “The four of us have a huge amount of experience gained through multiple property cycles working with different types of capital. We now firmly believe that this is an opportune time to return to the market and build a team with no legacy issues to generate superior returns.
“There has been significant disruption over the last years which has left the market in a challenging position for both investors and tenants. Structural changes, such as working from home, ESG and net zero, that you would expect to take decades to come through, have happened in years. All this has created a dislocated market which presents opportunities for the smart investor and operator.”