Wetherby Real Estate, which has been created to source and acquire luxury Serviced Accommodation in Prime Central London on behalf of worldwide investors, has announced its launch. It will be specializing in investment opportunities for top net worth individuals from the African continent. Though we understand, the services of Wetherby is accessible to investors across the world.
The platform has been launched by Barbara Chanakira, founder and CEO of the Mayfair based Eaton Property Consultants, another acquisition service but one which purchases a range of residential assets for HNWIs. She has almost 15 years’ experience in the luxury residential sector, overseeing huge property portfolios for HNWIs (High Net Worth Individuals) from across the globe which include those of Gulf State Royal Families and high-profile celebrities.
Wetherby is going to be operating exclusively among Europe’s fastest growing residential classes, Serviced Accommodation. It will only acquire property in Prime Central London and tap into huge demand from a worldwide investment audience, which has grown significantly over the previous couple of years as the U.K’s Serviced Accommodation market continues to flourish. Wetherby considers PCL to be one of the world’s safest and most lucrative investment destinations.
The company is registered in Gibraltar but are going to be operating out of its London headquarters. Investments are made through the company’s affiliated wealth managers and an FCA regulated Custodian. Wetherby will then complete the important estate acquisitions through its UK-incorporated Special Purpose Vehicle. It has already identified variety of attractive prospects in London’s prime postcodes and it plans to expand into other real property sectors in the future.
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 over 20 years’ experience advising HNWIs and global corporations on growth and investments, working closely with international developments banks and clients within emerging markets.
Ogbebor’s 16 years in investment banking has seen her work with the likes of JP Morgan, Deutsche Bank, Macquarie and Lotus Capital Ltd; one of Nigeria’s most prestigious fund managers and where she was head of business development.
Barbara Chanakira, the founder of Wetherby Real Estate Ltd, commenting on the launch said,
“London’s Serviced Accommodation market has an extremely bright future ahead, which has been compounded by changes taking place in the economy and society more broadly. 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
Continuing that, London has an immovable socio-cultural and economic appeal, and their complex understanding and knowledge of its luxury property market and their carefully designed investment structure makes for an extremely attractive proposition.
She concludes by saying, they have already identified variety of attractive opportunities and appear to look forward to offering them to their network of investors from Africa and beyond.
According to her company, she is Zambian born who has had more than 14 years industry experience within real estate space. She so far, is managing multi-million pound portfolios of properties on behalf of her clients across prime London areas, including Mayfair.