Osborne+Co venture to raise capital after rolling out investment business
The new operation has been established to take on the management of the company’s development and investment portfolio with a view to building a stand-alone property investment management business.
The move sees Osborne+Co co-founder Conor Osborne and director Rajesh Budhrani joined by Rishi Khurana, formerly at Sidra Capital, to set up OCIM (Osborne+Co Investment Management).
The new business, which will be based in London, will initially target “value add” acquisitions and development opportunities across the UK. It will be owned independently by the founding directors.
The team will take over the management of a select number of Osborne+Co investments, including the Met Tower in Glasgow and the masterplan regeneration of Lancefield Quay (Glasgow) and the Belfast Waterside.
Conor Osborne said: “We are incredibly excited to have established OCIM, building on what has been a period of significant investment across the UK for our sister company Osborne+Co.
“We have been working diligently behind the scenes on new transactions with a number of private investors and family offices and we expect to close these in the coming weeks. We are working on raising a significant amount of third-party capital.”
The firm has access to a network of offices, including in Dubai, Singapore and Manila.
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