Stuart Cunliffe joins Eurofund Group to lead a new mandate to unlock potential from alternative UK assets.
London, 31 March 2023 – Eurofund Group, the international real estate investment and development company behind numerous successful real estate projects in Europe and the UK, is delighted to welcome Stuart Cunliffe to the Eurofund Group family. He will spearhead a new alternative investment mandate identifying diversified investments in the UK, starting with immediate effect.
Cunliffe’s appointment is part of a new and broader initiative by Eurofund Group to capitalise on the success of its first premier UK retail asset, Silverburn, Glasgow – acquired a year ago this month. He will identify and pursue a new, second stream of asset acquisitions that target underperforming, sub-regional assets challenged by the need for repurposing or significant transformation to transform them into mixed use assets.
Alberto Esguevillas, CEO UK Retail, Eurofund Group, commented, “Stuart brings a wealth of experience in the UK and Europe that will inform how we select the right assets and combine novel approaches with our existing strategy to bring continued success in this area.”
As with its other successful projects across Europe, Eurofund Group continues to seek out acquisitions that represent a clear ‘value-add’ opportunity. Cunliffe will work under a distinct mandate to identify smaller alternative assets that would benefit from investment to transform them into mixed-use asset.
During his successful career, he has spent many years working in Europe on shopping centre strategic partners, using his financial expertise and gaining considerable direct asset management experience. He was also a consultant to Ronesans Group, advising on large-scale retail projects in Turkey, Russia and North Africa.
Stuart Cunliffe, UK Investment Director, Eurofund Group added, “I am energised and excited to join one of Europe’s—and the UK’s—most dynamic and forward thinking retail investment and asset management teams.”
Most recently, he was a Senior Director of one of the UK’s leading consultancies and completed around 20 UK shopping centre acquisitions in recent years, for both private investors and Local Authorities. He will be leading the search for new purchases across the country with a focus on retail repositioning and repurposing with our JV partners.
Ian Sandford, Chairman, Eurofund Group commented, “Stuart is a highly knowledgeable and professional individual, with the skillset we need to spearhead Eurofund Group’s continued diversification of assets in the UK. It is my pleasure to welcome him on board and I’m excited for what the future holds.”
About Eurofund Group
Eurofund Group is an investment and development company operating in Spain, Portugal, UK and Italy. The group includes Eurofund Retail, a Living division that already operates as Tribu, (a co-living space in London) and they are soon planning to invest in Senior Living projects, and The Hood, an innovative anti-mall concept that combines street food, leisure, and cultural activities already operating in Lisbon.
Some of the company’s most notable projects include Puerto Venecia Zaragoza, voted the best shopping center in the world at MAPIC 2013; the acquisition of UBBO (formerly Dolce Vita Tejo) in Lisbon, where Eurofund Group has transformed it into the first Shopping Resort in Portugal; and the recent acquisition of Silverburn, the benchmark shopping center in Glasgow, UK. (Italy market)
About Silverburn
Located in Pollok, a wealthy suburb of the UK’s fifth largest city, Silverburn is Glasgow’s newest and highest quality shopping centre with an affluent catchment area of 2.1m people. The centre, which first opened in 2007, has historically generated consistently high footfall of c.15 million. per annum is anchored by a 14 screen Cineworld, 11 new eateries, and total of 120 prime occupiers.
About Henderson Park
Henderson Park is a private equity real estate manager headquartered in London. Its investment strategy focuses exclusively on real estate investments, primarily in Western European capital and gateway cities. Henderson Park develops long-term, trusted partnerships, based on shared vision, transparency and collaboration. The team operates across Europe, with additional offices in Germany, Ireland, Luxembourg and New York.
