Launch of Wetherby Real Estate announced by Property Week

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February 1, 2021
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The launch of Wetherby Real Estate was announced by Property Week, the real estate industry’s leading news title. We were delighted to see Property Week interested in our project and you can read the article below.

A new residential investment group that focuses on finding luxury serviced accommodation deals in central London on behalf of wealthy individuals from Africa launches today.

Wetherby Real Estate is founded by Barbara Chanakira, chief executive of the Mayfair-based Eaton Property Consultants.

Chanakira has almost 15 years’ experience in the luxury residential sector, overseeing residential property portfolios for wealthy investors from across the globe, including those of Gulf State Royal Families and celebrities.

Wetherby will be operating exclusively in one of Europe’s fastest growing residential classes, serviced accommodation. It will only acquire real estate in prime central London.

The company is registered in Gibraltar but will be operating out of London. Investments are made through the company’s affiliated wealth managers and an FCA regulated custodian.

Wetherby completes acquisitions through a UK-incorporated special purpose vehicle.

Chanakira will be joined by Simon Hall and Augustina Ogbebor, who bring a combined total of over 35 years of experience in investment and advisory services and will be occupying the roles of non-executive director and head of investor relations respectively.

Hall has more than 20 years’ experience advising wealthy individuals and global corporations on growth and investments.

Ogbebor’s 16 years in investment banking has seen her work with the likes of JP Morgan, Deutsche Bank, Macquarie and Lotus Capital, a fund manager based in Nigeria.

Chanakira, said: “The ongoing influence of Covid-19 has meant that lower operating costs, better social distancing and self-catering benefits have enhanced its appeal, whilst the evolution of an increasingly transient workforce puts the sector in poll position to build upon its rapid growth of the last few years.

“London has an immovable social, cultural and economic appeal, and our intricate knowledge of its luxury real estate market as well as our carefully designed investment structure makes for an extremely attractive proposition. We have already identified a number of attractive opportunities and look forward to offering them to our network of investors from Africa and beyond.”

Available at: Property Week

Accessed: 11 January 2021