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20 Nov 2025
Former CBRE IM stars launch investment management business
New venture acquires retail park for first deal alongside partner Pears Property
What: Two experienced execs have left CBRE Investment Management to launch a new venture, Allegro Real Estate.
Why: Allegro, which is structured as an operating company and investment manager, is set up to take advantage of current market dislocation.
What next: Firm targeting retail warehouse investments in the £5m-£25m bracket that have active asset management angles, with debut deal alongside Pears Property already concluded.
Two former fund managers at CBRE Investment Management have teamed up to launch a
new UK-focused operating and investment management business, Green Street News can
reveal.
The company, Allegro Real Estate, has been set up by Ian Fairweather and Joseph Russell.
The firm aims to capitalise on market dislocation by oering tailored investment management services to family oices, high-net-worth individuals and institutional capital.
Allegro is targeting retail warehouse investments in the £5m-£25m bracket that have
active asset management angles.
At CBRE IM, Fairweather managed several funds and laerly was a senior director running a team responsible for more than £1.6bn of UK property assets. Russell spent nearly seven years at CBRE IM, where he was actively involved in more than 60 transactions and oversaw the asset management on the funds he managed.
“We believe this stage of the cycle favours managers who can drive income through hands-on asset management, especially as occupiers face increasing headwinds.”
IAN FAIRWEATHER, ALLEGRO
The duo, who have transacted a combined £2bn and managed over £2.5bn of assets, believe their experience managing balanced portfolios for longer-term capital is a unique point of dierence as they look to provide personalised investment management services to family oices and high-net-worth investors.
Fairweather said: “We believe this stage of the cycle favours managers who can drive income through hands-on asset management, especially as occupiers face increasing headwinds.”
Russell added: “The fundamentals remain strong and for those with capital, 2025 and 2026 will be vintage years for investment as the lack of construction and weight of capital looking to invest in the sector spurs a recovery in the occupational and investment markets.”
First deal in the bag
Allegro Real Estate has concluded its first acquisition alongside partner Pears Property, buying the B&Q-anchored Hampden Retail Park in Eastbourne.
Michael Genis, investment director at Pears Property, said: “This highly prominent property is a strong trading scheme for the tenants, oers an aractive income profile supported by aordable rents and is well located in a market characterised by strong supply-demand dynamics. At Pears, we look at all asset classes across the UK and regularly fund partners in joint ventures.
Font Real Estate acted for Allegro and Pears, while Montagu Evans advised the vendor.
Source: https://greenstreetnews.com/article/former-cbre-im-stars-launch-investmentmanagement-business/
