News image

Press Releases

Moorfield venture further into Yorkshire and Humber with Holbeck Land

Moorfield Group (Moorfield) and Holbeck Land Limited (Holbeck Land) have announced a new partnership to focus on real estate development and investment opportunities within the Yorkshire and Humberside Region.

The strategy is for Holbeck Land to identify investment and development opportunities that sit within Moorfield’s acquisition criteria of property interests with an existing or worked up value of not less than £20 million.  The partnership will consider all sectors of the commercial market including retail, office, industrial, leisure, hotels and student housing.

Moorfield will invest on behalf of the Moorfield Real Estate Fund II (MREF II), a geared fund which raised approximately £400m of private equity on closing at the end of 2007.

Marc Gilbard, chief executive of Moorfield said, “We are delighted to be in partnership with Holbeck Land whose expert regional knowledge and expertise is undoubted.  I am confident Moorfield can draw on Holbeck Land’s capabilities and we look forward to building a very substantial relationship with them.” 

Robert Firth, director of Holbeck Land said, “The venture with Moorfield is a significant step in the growth of Holbeck Land and complementary to our established successful ventures and relationships. We are taking a contra cyclical view of the regional market with the current paucity of equity leading to opportunities for significant property and corporate acquisitions.”


 


« Back