Press releases

LGP hires Cushman & Wakefield’s Chris Hunt.

17 May 2013

Legal & General Property (“LGP” / the “Company”) announces that it has appointed Chris Hunt as a Senior Asset Manager to support its £800 million Property Unit Trust, further enhancing its in-house asset management team.

Chris joins LGP from Cushman & Wakefield, where he was an Associate Partner within the Business Space Investment team, having worked at the company since 2005 and held roles in both office agency and investment.  He will report to directly to Fund Manager, Matt Jarvis, supporting what is the fastest growing fund in its peer group, having secured £427 million of new investment over the past three years, representing growth of approximately 35% per annum.  

Launched in 2006, the PUT has outperformed the Lipper Property IMA Sector peers over one, three, and five years. Benchmarked against the Lipper Property IMA and IPD Balanced Monthly Index Funds, its investment objective is to achieve income and capital growth through diversified investment in UK commercial property with a focus on property selection and active management within a research-driven risk/return framework for portfolio construction.  

Michael Barrie, Director of Fund Management at Legal & General Property, said:  “In line with our successful strategy of hand picking talent from areas outside of the traditional investment management sector, whose skills complement and deepen the wealth of asset management expertise shown across the platform, Chris makes a welcome addition to the team and will play an important role in helping to support the continued outperformance of the Property Unit Trust.”

Matt Jarvis, Fund Manager to the Property Unit Trust at Legal & General Property, added: “The strong performance of the Legal & General's Property Unit Trust to date can be attributed to both an ability to selectively stockpick the right assets within the right sub-sectors and a proactive approach to asset management.  Assisted by Chris, this is a strategy that we will continue to focus upon, managing the growth of the Fund by buying good quality assets at attractive prices, and driving returns through the successful completion of business plans and exploitation of asset management opportunities."

Notes to editors

Legal & General Property (LGP) is a wholly-owned subsidiary of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages approximately £406bn of assets on behalf of more than 3,300 clients (31 December 2012) and provides products and solutions spanning all asset classes. LGP is the third largest institutional property fund manager in the UK, managing or co-managing 16 separate funds or vehicles and two segregated mandates with an aggregate asset value of £10.6bn as at 31 March 2012.

These funds include:

Specialist Pooled Funds
The Leisure Fund Limited Partnership; Industrial Property Investment Fund; Arlington Business Parks Partnership; and the English Cities Fund

Single Asset Vehicles
Bracknell Regeneration Partnership; Central Saint Giles Partnership; Performance Retail Limited Partnership and Warrington Retail Limited Partnership

Balanced Funds
Life Fund; Linked Pensions; Linked Life; Managed Fund; Property Unit Trust; UK Property Income Fund; LPI Income Property Fund and the Hybrid Property Fund

LGP’s UK-focused fund management platform has built and retained a strong track record of out-performance across the sector. Owing to its size, diversity and penetration, it benefits from best in class banking and property industry contacts which, along with its wealth of in-house skill and expertise, have enabled it to continue to attract and secure high quality market opportunities. Taking a client-centric approach, the business places the highest priority upon integrity and transparency, leveraging upon the significant resources provided by the wider LGIM platform. Sector specialists cover each sphere of the market and are supported by LGP’s market-leading research capability.

LGP’s sector specialisms cross all facets of the real estate market. In particular, the Company has a major development platform, responsible for delivering the West End office market’s latest landmark, Central Saint Giles, and currently involved in developing its high profile Covent Garden scheme, Agar Street, as well as significant town-centre retail and leisure regeneration projects, including Bracknell, Trowbridge, Northampton and Eastbourne.

For more information please contact:

Olivia Goodall
PR Manager, Legal & General Capital and Real Assets, LGIM (Property, infrastructure and alternative finance)

t: + 44 (0) 203 124 2777
m: + 44 (0) 7718 395 279

About Legal & General

Legal & General Property Limited.

Registered address:
One Coleman Street
London EC2R 5AA.
Registered in England 2091897.