Category: Awards

Newcore wins Property Fund Manager of the Year Award 2021

Newcore wins Property Fund Manager of the Year Award 2021

Newcore Capital Management, the B Corporation-certified, social infrastructure investment manager, is delighted to announce that it won the coveted Property Fund Manager of the Year award at this year’s UK Property Industry Awards.

Newcore’s COO, Neil Sarkhel and its CIO, Harry Savory were presented with the award, which was sponsored by Yardi, at the InterContinental London, The O2, on 12 November 2021. The Property Awards, in its 26th year, is the property industry’s largest awards ceremony, recognising and rewarding the very best companies, teams and individuals.

Newcore was chosen by a panel of judges from a shortlist of nine other fund managers, which included Hines, Legal & General Investment Management Real Assets, Patron Capital and M7 Real Estate, for its performance and quality of its work in 2020/21, which included:

  • succeeding at first attempt to become a B Corporation, the first dedicated UK real estate investment manager to become accredited by this external ethical business movement
  • strong and sustainable continuing financial performance of its funds over the year which allowed Newcore to raise substantial new discretionary capital
  • demonstrating a clear and measurable ESG strategy, particularly in relation to social impact – for example through its partnership with LandAid and the wider industry to create the Probono Programme.

Hugo Llewelyn, CEO of Newcore, said: “We are absolutely delighted to have won the 2021 Property Fund Manager of the Year Award at this year’s UK industry awards. Since Newcore began, a decade ago, we have tried hard to create a credible platform and positive business culture through which to deliver sustainable and attractive returns for our clients, balancing the objectives of all stakeholders in our business. This award recognises our progress to date and we look forward to building on this further over the decades to come”.

Newcore Capital becomes UK’s first social infrastructure investment manager to certify as a B Corporation

Newcore Capital becomes UK’s first social infrastructure investment manager to certify as a B Corporation

Newcore Capital, the UK social infrastructure investment manager, announces today its certification as a B Corporation (or B Corp), joining a growing group of companies reinventing business by explicitly committing to pursue purpose as well as profit.

Newcore is one of a handful of fund managers globally and the only dedicated social infrastructure specialist in the UK to have been awarded this accreditation. Newcore has been certified by B Lab, the not-for-profit organisation behind the B Corp movement, as having met rigorous social and environmental standards which represent its commitment to goals ranking as more important than shareholder profit. 

The B Corp certification addresses the entirety of a business’s operations and covers five key impact areas of Governance, Workers, Community, Environment and Customers. The certification process is rigorous, with applicants required to exceed B Corp’s ESG (Environmental, Social and Corporate Governance) benchmark, while providing clear evidence of socially and environmentally responsible practices relating to energy supplies, waste and water use, worker compensation, diversity and corporate transparency. To complete the certification, the company will legally embed this commitment to purpose beyond profit in its LLP deed and also commit to give, through its foundation, at least 10% of its profits each year to charities linked to the social infrastructure sectors in which it is involved, which include education, healthcare and environmental science.

Newcore is now part of a community of more than 3,400 businesses globally which have certified as B Corps. The B Corp community in the UK, representing a broad cross section of industries and sizes, comprises more than 330 companies and includes well-known brands such as The Guardian, innocent, Patagonia, The Body Shop, and organic food pioneer, Abel & Cole.

Newcore has become the first dedicated UK social infrastructure or real estate investment manager to certify as a B Corp. The only other two certified UK real estate companies are Igloo and Joseph Homes, while Bridges Fund Management, which is a fund manager that focuses on sustainable and impact investing, including real estate, is also certified.  

Kate Sandle, Director of Programmes and Engagement, at B Lab UK, said: “We are delighted to welcome Newcore to the B Corp community. This is a movement of companies who are committed to changing how business operates, who believe business really can be a force for good. We know that Newcore is are going to be a fantastic addition to the community and will continue driving the conversation about ethical business forward. 

“Being able to welcome Newcore to the B Corp community is hugely exciting: its commitment to doing business differently will be an inspiration to others and will really help spread the idea that we can redefine success in business to be as much about people and planet as it is about profit”. 

Hugo Llewelyn, CEO of Newcore, said: “We are very pleased to have become a B Corp business. B Corp’s framework, for how businesses should operate, fits in with the ethos that has been embedded within Newcore and the funds that it manages since it was founded a decade ago. The recognised third-party ESG accreditation will also be incredibly beneficial, as an endorsement across all our business conversations, involving talent management, fund raising and deployment of our capital, and in our dealings with the public and private sector.

“We are firmly of the view that this will assist the sustainable growth of the Newcore business over the next decade and beyond. We hope that many more fund managers and property companies will follow this route during that time”.

Newcore wins alternatives team of the year 2019

Newcore wins alternatives team of the year 2019

Newcore Capital Management is delighted to announce that it has won the coveted Alternatives Team of the Year award at the 2019 Property Awards.

Newcore’s managing director, Hugo Llewelyn, was presented with the award, which was sponsored by NovaLoca, in front of more than 1,200 people at the Grosvenor House Hotel on 24 April. The Property Awards, in its 24th year, is the property industry’s largest awards ceremony, recognising and rewarding the very best companies, teams and individuals.

Newcore was chosen by a panel of judges for the quality of its work in 2018, which included:

  • Delivering outstanding performance from its three existing funds and longstanding family office, Newcombe Estates
  • Launching its fourth fund, the £100m NSS IV LP, the first institutional real estate fund to focus on social infrastructure, accommodation and storage assets
  • Securing a third family office mandate, Apperley Properties Ltd
  • Expanding the size of the team by a third to 12
  • Carrying out a number of charitable regeneration initiatives, which included providing pro bono development advice in one of the UK’s most deprived estates, Blackbird Leys in Oxford

Hugo Llewelyn, Managing Director of Newcore, said: “’We are really pleased to have won such an important award and very grateful for the recognition we have received here. When I set up the company in 2011, I was convinced that focusing on “new core” alternative asset classes linked to social infrastructure, accommodation and storage was a rational investment strategy. This award recognises the hard work and ability of our team, as well as the deep support of our investors and clients”.