ACRE Capital Real Estate has hired a living sector specialist as it makes a concerted drive into the asset class, React News can reveal.
Mike Butler, formerly an associate director in Colliers’ residential capital markets team, has joined ACRE to support the agents expansion into the living space.
Butler, who joins ACRE as an associate, has advised on some of the UK’s key residential transactions, such as Barings’ £215m joint venture with Socius in Bristol, Get Living’s £136m acquisition of Sherlock Street from Watkin Jones in Birmingham, and Grainger’s £63m forward funding of Mace and Doric Properties’ West Way Square in Oxford, the first ever BTR deal in Oxford.
“The living sector continues to attract significant domestic and international institutional capital”
MIKE BUTLER, ACRE
Mike Butler, associate, ACRE Capital Real Estate, said: “The living sector continues to attract significant domestic and international institutional capital and I’m very pleased to be joining the dynamic ACRE team. I look forward to working with our clients to help them capitalise on the opportunities presented by this exciting and ever-changing sector.”
ACRE, one of the UK’s leading real estate brokers with an envious track-record in the logistics and office sectors, has been expanding into the multi-family and single-family markets where it has circa £175m of live deals.
“We are excited to have in excess of £175m of live deals in both of the multi and single-family markets”
JAMES LEACH, ACRE
James Leach, partner, ACRE Capital, said: “We are excited to welcome Mike to spearhead our push into the living market. Mark Wilson and I will be working closely to support this. We are excited to have in excess of £175m of live deals in both of the multi and single-family markets.”
Last week, ACRE strengthened its logistics team with two hires. Amelia Benito joined as a senior surveyor, while Will Wilson was hired as an analyst.
By Chris Borland
Aug 02, 2023
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