Carter Jonas appointed to MCAP’s first BTR investment

MCAP Global Finance appoints Carter Jonas to deliver lettings and property management services on its first Build to Rent investment.

External view of Marathon’s Wimbledon Grounds, let and managed by Carter Jonas | MCAP | BTR News
External view of Marathon’s Wimbledon Grounds, let and managed by Carter Jonas.

A fund affiliated with MCAP Global Finance (UK) LLP, the European subsidiary of New York-headquartered Marathon Asset Management LP, has appointed Carter Jonas’ Build to Rent team to deliver lettings and property management services on its first Build to Rent investment – the Wimbledon Grounds development in South West London.

Formed in 1998, Marathon is a leading institutional investment asset manager with an extensive multi-decade track record in real estate and global credit markets. Marathon’s Wimbledon Grounds investment –  which includes 173 one, two, three and four-bedroom apartments – marks its entry into the UK Build to Rent market, with Carter Jonas’ team providing consultancy support throughout the process.

“We are very excited to enter the UK residential sector with our first acquisition in South West London and to be able to offer attractive, spacious and professionally managed accommodation to the local market.”

Jochen Kauschmann, Head of Asset Management, Marathon in Europe
Living area at Marathon’s Wimbledon Grounds Build to Rent scheme | BTR News
Living area at Marathon’s Wimbledon Grounds Build to Rent scheme.

Led by Lee Richards, Carter Jonas’ Build to Rent offer specialises in providing consultancy and lettings and management services on large portfolios owned by estates, trusts, investment funds, charities, pension funds and developers. 

The team’s expertise includes in-house professionals providing a range of services across the entire lifecycle of Build to Rent and Private Rented Sector (PRS) schemes, supported further by its UK-wide network of offices. This new mandate benefits from the local knowledge of its well-established Wandsworth team, led by Fiona Bourke, who heads the office and has been letting properties from the location for over 20 years.  

“Wimbledon Grounds is one of South West London’s most exciting new residential developments which incorporates mixed-use space, a new purpose-built stadium for AFC Wimbledon, leisure and retail, and 600 new homes in total.

“With an emphasis on sustainability and quality, these residential units meet many lifestyle requirements of today’s modern tenant focusing on community coupled with amenity. Marathon’s selection of assets will appeal to a wide range of our tenant demographic, and we look forward to supporting its team further on this strategic investment.”

Lee Richards, Head of BTR and PRS, Carter Jonas