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Carr joins Cordea Savills

Cordea Savills has appointed former manager of the ING UK residential property fund Patrick Carr as director of UK Residential.
Carr joins the residential team managing the diversified residential opportunities fund, the Cordea Savills student hall fund and the accommodation investment fund for charities.
Carr worked for ING Real Estate for seven years spending the last two managing the residential fund.
Carr says: “Cordea Savills understands the opportunities within a residential market worth an estimated £3.3bn and places residential investment on an equal footing with commercial. Cordea Savills is fast becoming a mainstream residential fund manager and I am delighted to be joining this growing team.”
Cordea Savills director Steve Taylor says: “Patrick is an experienced and knowledgeable fund manager whose experience in residential property complements our offering perfectly. We are one of only a few fund managers offering residential funds to both institutional and private investors, and we are delighted to have hired one of the best managers in this area.”


Osborne rejects calls for tax-cutting plans

George Osborne has rejected calls to cut taxes from the right of the party, claiming that there is “no such thing as a tax-cutting Shadow Chancellor”. Speaking at a Cicero Consulting and Policy Exchange fringe event on Sunday, Osborne said it would not make any sense to propose tax cuts three years before the party […]

NU plans Euro property fund

Norwich Union is the latest fund manager to move into the European commercial prop-erty fund sector. The Luxemburg-domic- iled fund is expected to be launched this quarter, subject to regulatory approval. Although a lead manager for the fund has not yet been named, it is understood that the portfolio will be run along similar lines […]

ABI wants ‘E-number’ approach to menu

The Association of British Insurers is calling for a radical simplification of the pay- ment menu to follow the label- ling requirements for food packaging. Head of distribution Alex Roy says the current menu design is too complex for consumers and the association believes that simple, visually appealing labelling echoing the Food Standards Agency requirements […]

Pole position

The Lansons Public Affairs party at the Labour conference almost provided Treasury Chief Secretary Stephen Timms (left) with a sore head but, strangely for an encounter with Lansons, it had nothing to do with too many glasses of champagne. As Timms was leaving, he was so busy saying his goodbyes to the great and good […]


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