Ei Group’s focus for its Managed Investments business going forward is to bolster its partnerships outside of London, while acquisitions will now be considered as a way to grow the businesses under this umbrella.

Divisional director Nathan Wall also told the Morning Advertiser’s MA500 conference yesterday that despite the sale of 348 of the group’s 412 commercial properties, the division was likely to be rebuilt over the next few years, and the Managed Experts business could help to drive this.

He said that with seven out of 11 of the Managed Expert JVs currently based in London, there was little appetite to recruit partners from within the M25.

However, he said he was actively looking for partners in the rest of the country, with the capacity to build a pipeline of three pubs per year for the next three to five years.

He stressed that there were various exit options open to partners after the life of the venture, typically five to ten years, including selling the Opco, the sale of the EiG share to a partner, or vice versa.

He also updated on the pipeline for the exiting JVs, saying a third Hush Heath site was coming up and that there were 10 in total in the pipeline.

 

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