Big Yellow Chairman, Others to Invest £1 Billion in Commercial Real Estate

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Start-up property fund manager Internos Real Investors is planning to invest up to £1 billion in commercial property once the market bottoms out, The Telegraph reported in May. The company, backed by Nick Vetch, executive chairman of Big Yellow self-storage group, and Richard Peskin, chairman of London property firm Great Portland Estates, is planning to invest in direct property, equities and debt across Europe over the next two years.

Internos, founded in February, joins a growing list of real estate investors waiting to take advantage of the downturn in the commercial property market. In the last six months, U.K. capital values have fallen more than 15 percent as the credit crisis exacerbates the market correction.

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