Luxgrove, specialist real estate investment manager, has selected Aztec Group to provide administration, accounting and governance services to its residential value add fund.
The fund invests in the development and refurbishment of residential assets in London and the South-East.
Incorporated as a Jersey private fund, the Luxgrove UK real estate fund will be administered by the Aztec’s Jersey office.
Meanwhile, Aztec Group specialises in alternative investments, including real estate, infrastructure, private equity and private debt.
Lachlan Ross, co-founder, Luxgrove Capital Partners, commented: “We appointed the Aztec Group because it has an outstanding reputation as an industry leader in fund services.”
Ross continued: “Our stakeholders and operations will benefit from the extensive range of administration services and high level of in-house specialists. We look forward to a long and successful relationship.”
Ed Bellew, associate director of real assets, Jersey, Aztec Group, said: “We have long-standing expertise and experience in the UK real estate sector, supported by a well- established administration offering and underpinned by industry-leading systems and controls.”
“We’ve been really impressed with Luxgrove’s track record in delivering consistently attractive returns for their investors and we are confident we can add significant value to Luxgrove’s operations. We look forward to supporting them with their flagship fund,” Bellow added.
