Charlie Ingham

I worked for BNP Paribas Real Estate for 5 years from 2010, starting in the UK investment business before taking a strategic role as the representative for the firm’s EMEA & Asia businesses in the US. In 2015 I joined Square Metre Asset Management, a firm best known as operating partner to Goldman Sachs in the successful acquisition, management and disposal of over £1bn of UK commercial real estate between 2013 and 2019. There I oversaw the firm’s investment management function. In 2019 I joined Praxis Capital, a hybrid family office and private equity investor in UK CRE, with a focus on capital raising, investment strategy and investment management.

I work with a broad range of capital partners including private equity funds, banks, multi-family offices, UHNWs, institutions, pension funds and local authorities.

MY RECENT PROJECTS

• Capital Raising – In 2019, originated £50M of programmatic joint venture equity from a newly raised PE fund, to be levered and deployed into an opportunistic, UK physical retail strategy targeting mis-priced risk in the convenience space.
• Investment Management – The Alecta Portfolio – The successful acquisition, management and ultimate exit of a mis-priced, UK pension fund portfolio comprising 26 commercial assets throughout the UK. It was acquired during a period of material capital market dislocation in the immediate aftermath of the UK’s referendum on EU membership, for ~£350M in a co-invested joint venture partnership with Goldman Sachs.  Substantial market outperformance was delivered through acquisition timing, diligent business planning, precise asset management execution, wholesale-to-retail value, and astute hold-sell acumen.
• Investment Strategy – Indigo & Omega Portfolios – Strategic sell-down of 45% of Square Metre Asset Management’s & Goldman Sachs’ post-financial crisis strategy. Having recognised a flood of equity into the market into which the JV had bought 2+ years earlier, a detailed hold-sell analysis was undertaken to identify where outsized return could be achieved, on a risk-adjusted basis, for a wholesale rather than retail sale strategy.  A recommendation to sell an institutional portfolio, an opportunistic portfolio and hold a select few assets was adopted, ultimately resulting material market outperformance across the portfolio.