Newcore is pleased to announce the appointment of Charles Weeks as senior advisor.

Newcore is pleased to announce the appointment of Charles Weeks as senior advisor.
  • Former European and APAC real estate head at Barings to advise social infrastructure real estate specialist
  • Charles Weeks will support Newcore Capital’s senior leadership in growing the manager’s investor base and partnerships
  • Newcore is currently fundraising for The Newcore Social Infrastructure Fund, a core-plus vehicle targeting £375m in equity commitments

Newcore Capital, a UK-focussed real estate investment manager specialising in social infrastructure, has appointed Charles Weeks, previously Head of Real Estate for Europe and APAC at Barings, as a Senior Advisor.

Weeks will be advising Hugo Llewelyn, CEO, and the senior Newcore Capital team, on the further development and expansion of the Newcore business, with a focus on expanding the manager’s investor base and partnerships.

Weeks, who retired earlier this year, and Hugo Llewelyn, CEO of Newcore Capital, co-founded Protego Real Estate Investors in 2004. Together they successfully established and built the UK and European investment management business, which was acquired by Barings (then Cornerstone) in 2010. Weeks remained at Barings to continue to lead the growth of the Barings real estate enterprise in Europe, and later into APAC, while Llewelyn departed to start Newcore Capital.   

Charles Weeks, Senior Advisor: “It’s exciting to be reunited with Hugo and be working with his senior team in supporting the further development and growth of Newcore Capital. Newcore has already established a strong reputation in the real estate industry, thanks to their unique investment focus and emphasis on sustainability – environmental, social and financial – as well as the solid investment returns they have delivered for their institutional clients, despite the challenging market conditions we have seen witnessed in recent times”.

Newcore Capital is a specialist Alternatives Manager, focused on social infrastructure real estate. A typical investment would be an asset leased to service providers in the Education and Healthcare sectors. It is a Certified B Corp business and was recently rated the highest scoring real assets fund manager in the movement globally.

Newcore adopts a place-based investment strategy of turning disused or inefficient assets into real estate that serves socially productive uses with benefit to local environments. Target social infrastructure sub-sectors include clinical healthcare, education and childcare, storage, waste management, and transport.

In late 2023, Newcore announced the launch of a new core-plus investment vehicle, named The Newcore Social Infrastructure Income Fund, which is targeting £375m in equity commitments. The vehicle – the firm’s largest fund yet – aims to capitalise the strong underlying demand fundamentals for social infrastructure real estate at a time of market dislocation, while its size is indicative of Newcore’s belief in the positive investment outlook for the sector.

Newcore also manages a value-add fund series, Newcore Strategic Situations (NSS), and last year closed the latest vehicle, NSS V, with £190m of equity.

The manager is led by CEO Hugo Llewelyn, COO Neil Sarkhel, CIO Harry Savory and Chairman Professor Andrew Baum.

Hugo Llewelyn, CEO of Newcore Capital: “Charles will play a pivotal role in our mission to achieve sustainable growth for our business in the decade ahead. Charles brings a wealth of experience from running the Barings European and APAC businesses; and is well-respected in the real estate investment industry. These attributes will help us to build on the success of the business to date as we seek to consolidate our market leading position in real estate investment providing essential services to society.”