i3 x Newcore Capital

Our CEO, Hugo Llewelyn recently contributed to Kali Persall’s article “Breaking the ice: After last year’s cooldown in infrastructure fundraising and deal flow, there are signs the market is thawing”, helping to shed light on the infrastructure fundraising environment.

In May 2023, Newcore announced a £190 million ($240 million) final close for its fifth U.K. social infrastructure real estate fund, Newcore Strategic Situations V and is on course for a first institutional close for its flagship core-plus vehicle, the Newcore Social Infrastructure Income Fund, in the next 3-6 months.

Read more here: Breaking the ice: After last year’s cooldown in infrastructure fundraising and deal flow, there are signs the market is thawing | Institutional Real Estate, Inc. (irei.com)

BE News x Newcore Capital

B Corp early adopter Newcore Capital has just successfully re-certified to become the highest scoring real estate and infrastructure investment manager globally. To mark B Corp Month, Newcore contributed to a recent BE News article along with other B Corp certified companies on how – and why – they sought certification.

Read more here: To B Corp or not to B Corp, that is the question | BE News

PropertyEU March/April issue x Newcore Capital

“In a world where office and retail real estate have become risky investments, could it be time to invest in rocket launch pads, onshore fish farms and coffin workshops?”

Our CEO, Hugo Llewelyn was delighted to contribute to Isobel Lee’s recent piece for PropertyEU’s March/April issue.

Read the article below to learn how Newcore is looking to redefine core real estate and why Hugo believes ‘alternative real estate’ is perhaps not so ‘alternative’ anymore…  

Download the article here.

CityWealth x Newcore Capital – February 2024

“It has never been possible to separate the planks of E, S and G from a long term sustainable investment strategy”

Read how our CEO, Hugo Llewelyn recently explained how ESG has always been central to Newcore in CityWealth’s article challenging the future of ESG. 

 “to make a sensible economic return for investors, it has always been critical to have regard to their usefulness to society (S) and the capacity of the buildings to function efficiently from an environmental perspective (E) (or be able to be fixed economically to do so). In addition having on-shore UK operations, a strong ethos around tax and limited financial leverage (G) – all these have been the factors that have allowed us to do well and grow as a fund management business through some tricky market events (Brexit, Covid, QE unwinding).”

Download the article here.

Newcore Capital x PERE – February 2024

According to The Counsellors of Real Estate, political unrest and global economic health are one of the top ten issues affecting real estate capital flows.

Newcore’s CEO, Hugo Llewelyn, discussed this risk with Evelyn Lee for PERE’s February 2024 cover story alongside nine other managers, investors and advisers.

Read the full article below to hear their views on how a more volatile geopolitical environment has been shifting real estate capital flows in terms of geographic markets, sectors, asset types, leverage and strategies globally.

Download the full article here.

Newcore Capital x IREI – 01 February 2024

‘Traditional’ infrastructure (public or private markets operating equity) investors have previously dominated the headlines investing in social infrastructure service businesses. However, specialist real estate capital managers – coming from the asset end of the risk spectrum – find opportunity too, perhaps increasingly interesting when the operational services are being squeezed by an increasing cost of living and capital.

“Social infrastructure”, such as children’s nurseries, waste management facilities and hospitals have come to the fore in the investment community in more recent years as well as other less prominent social infrastructure sectors such as cemeteries and fish farms.

“Trends in social infrastructure investment will adapt to wider socioeconomic shifts seen globally”. “Widening health inequality, societal ageing, the climate emergency and geopolitical instability are coalescing to necessitate investment into sectors that seek to offer remedies, if not solutions, to these shifts.”

Hugo Llewelyn, CEO, Newcore

The following article explores the widening definition of infrastructure in the investment world and highlights some interesting property segments which are becoming more prominent in the world of infrastructure investing. Newcore Capital has been investing in this space since inception in 2011 and our CEO, Hugo Llewelyn shares his thoughts in the latest i3 magazine.

Download the full article here.

“Assets that serve end-of-life uses, such as funeral homes and mortuaries, are capturing our attention because of the resilience of their use cases; they cannot be done online, so necessitate the use of physical space”. Hugo Llewelyn

Newcore Capital x IPE REAL ASSETS – January / February 2024

Investors are looking to increase their exposure to social infrastructure, but the sector is complex and requires a careful approach.

Our CEO, Hugo Llewelyn was pleased to participate in the recent IPE Real Assets article by Christopher Walker on the growing demand from institutional investors for social infrastructure investment exposure: both the essential services and the underlying assets that enable them, with their different risk profiles and need for specialist expertise.

“Having been advocates of investing in social infrastructure for the last 12 years, we are pleased now to find that institutional investors are finally becoming involved in looking for specialist partners to work with”.

Hugo Llewelyn, CEO, Newcore Capital

Read the full article here.