Greycoat is a niche property company specialising in fund
and asset
management of Central London Commercial Properties.
After many years as a listed public company Greycoat is now a private limited
company wholly owned by the management.
In 2006 Greycoat formed Greycoat
Central London Office Development LP, a fund whose investors
are an affiliate of Government of Singapore
Investment Corporation Real Estate, Scottish
Widows Investment Partnership, ING Real Estate
Investment Management and Mn Services. The fund raised £130m of equity which was invested during 2006 in three Central London development sites.
More recently Greycoat has
been concentrating on its fund
and asset management activities. It
currently asset manages two large and complex
central London estates and is seeking to
take advantage of the severe downturn in
property values experienced in 2007 and
2008 and the comparatively attractive pricing
of central London investments against historic
trends and other markets.
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