Evans Randall Investors

What Evans Randall Investors does

Evans Randall Investors is a privately-held UK private equity real estate firm founded in 2004 by Kent Gardner and Paul Kendrick, operating from Mayfair, London and regulated by the Financial Conduct Authority. The firm invests in, develops and asset-manages commercial real estate, with a stated track record of more than £9 billion of European real estate transactions since inception concentrated in prime London offices, alongside selective European opportunities in Stuttgart and a large-scale mobility/R&D joint venture in the Midlands.

The portfolio spans trophy office assets (The Gherkin at 30 St Mary Axe, Drapers Gardens, Riverbank House, Milton Gate, 250 Bishopsgate, Condor House, 15 Sackville Street, Thavies Inn House, Bureau), retail and office complexes (Königsbau Passagen in Stuttgart), data centres (Sovereign House in London Docklands), residential (3 Carlton Gardens), and the MIRA Tech Park joint venture with HORIBA MIRA — a 3.2 million sq ft R&D and industrial campus. The firm has demonstrated counter-cyclical deal execution with disposals timed to liquidity windows, including a 60% IRR on Milton Gate (June 2009-June 2010), an £83m exit on 15 Sackville Street within 18 months, and a £126m uplift on The Gherkin (£600m in 2007 to £726m in 2014).

Evans Randall generates returns through property acquisition, active asset management, repositioning/development, and exit gains, with capital raised from institutional investors, sovereign wealth funds, insurance companies and pension funds via direct relationships and joint venture structures (IVG, Poste Vita, Enpam, HORIBA MIRA, Digital Realty, Prudential, Severn Trent, Spink Property). The headcount is small (1-10 disclosed), with an extended senior team possessing pedigree from KPMG, Barclays, Bank of America, Daiwa Securities, BDO, Oaktree and Savills. The go-to-market is enterprise/direct institutional sales with no retail or broker-channel distribution, and the firm actively develops ESG-credentialed workspace (Thavies Inn House), sustainability infrastructure (district heat network at MIRA), and intangible brand assets (The Gherkin trademark).

Name

Evans Randall Investors

Legal name

Evans Randall Investors Limited

Website

https://evansrandall.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

UK-based private equity real estate firm, founded 2004, investing in and developing prime London offices, European assets, and mobility R&D real estate (3.2m sq ft MIRA Tech Park JV) for institutional investors and sovereign wealth funds.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Commercial real estate investment
• Prime office investment
• Real estate asset management
• Property development services
• Private equity real estate

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Investment Management: Private equity real estate business generating returns through investment in, development, and asset management of commercial real estate. Revenue derived from property appreciation, rental income, and exit gains on disposed assets. The firm focuses on delivering exceptional risk-adjusted returns for investors through value-add and opportunistic investment strategies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Evans Randall Investors is a private equity real estate investment manager that sources, acquires, develops and actively manages prime commercial real estate assets, with a particular focus on central London trophy offices and select science/technology park and mixed-use developments. The firm delivers an integrated platform spanning investment origination, asset management, ESG-led repositioning, and brand stewardship across its portfolio, including signature assets such as 30 St Mary Axe (the Gherkin).

Product overview

Evans Randall Investors is a private equity real estate business offering investment and asset management services focused on prime London offices and European real estate. The company's core offering includes real estate investment origination, structuring, execution and portfolio management, complemented by development projects such as Thavies Inn House (office redevelopment) and Mira Tech Park (R&D/industrial). Their portfolio spans office buildings (The Gherkin, Drapers Gardens, Milton Gate), retail complexes (Königsbau Passagen), data centres (Sovereign House), and residential developments (3 Carlton Gardens), managed through a multi-disciplinary team skilled in real estate investment, development, asset and fund management, finance, tax and law.

Differentiator

Problem solved

Functional benefit

Products and services

• Prime Central London Commercial Real Estate Investment & Asset Management Sourcing, acquisition, ownership and active asset management of trophy and prime commercial office real estate in central London (and selective Western European markets) on behalf of institutional capital partners, with integrated ESG-led repositioning and brand stewardship.
• Thavies Inn House, City of London (Development Project) Office-led mixed-use development scheme at Thavies Inn House in the City of London, delivered by Evans Randall Investors, contributing new Grade A office space together with retail and public-realm enhancements.
• MIRA Tech Park, UK (Development Project) Scienste park development led by Evans Randall Investors in MIRA, providing purpose-built laboratory, R&D and advanced-manufacturing facilities for technology and life sciences occupiers.

Quantifiable outcome

• 60% IRR on Milton Gate (June 2009 purchase at £127m, June 2010 exit at £163m)
• +6 more outcomes

Named customers20 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Spink PropertyminorStrategic or Co-development Partner · 1 January 2012Partnership with luxury residential developer Spink Property for large-scale redevelopment of 3 Carlton Gardens, converting the Grade II-listed building into a luxurious private residence.
• IVG Immobilien AGcoreStrategic or Co-development Partner · 1 January 200750/50 joint venture with IVG, Germany's largest listed real estate investor and fund manager at the time, for acquisition of The Gherkin (30 St Mary Axe) for £600 million. IVG's subsequent corporate insolvency in Germany led to receiver appointment, with Evans Randall ultimately taking 100% ownership.
• HORIBA MIRAcoreStrategic or Co-development PartnerJoint venture partnership for development of MIRA Technology Park, a 3.2 million square foot R&D, manufacturing and industrial development in the UK Midlands. HORIBA MIRA owns and operates the testing facilities at the park. Evans Randall leads the development and expansion as part of this JV.
• Severn TrentminorStrategic or Co-development PartnerPartnership with Severn Trent water company to explore district heat network powered by wastewater at MIRA Tech Park, turning waste into a resource as part of sustainability initiatives.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Clearbell Capital: UK-focused private equity real estate investment manager active in office, logistics, and alternatives. Comparable size and UK-centric transaction strategy to Evans Randall.
• Helical: Central London office-focused REIT with development-led approach and repositioning expertise. Overlaps with Evans Randall's midtown/City acquisition-and-redevelop model.
• Derwent London: Specialist London office REIT focused on design-led, refurbishment and redevelopment of prime central London commercial real estate. Direct overlap with Evans Randall's Thavies Inn House-style repositioning strategy.
• Great Portland Estates: West End-focused REIT specialising in prime central London office refurbishment, redevelopment, and asset management. Comparable target submarket and value-add playbook.
• Brockton Capital: London-based private equity real estate firm focused on opportunistic and value-add investments in UK real estate. Comparable to Evans Randall in size, founder-led structure, and central London office concentration.
• Orion Real Estate: London-based private equity real estate firm specialising in UK value-add and opportunistic investments. Comparable size, structure, and central London focus to Evans Randall.

Broad incumbents

• Kennedy Wilson: Global real estate investment company with significant UK and European exposure, including London offices. Larger, more diversified incumbent operating in overlapping central London office and JV markets.
• Patrizia UK: European real estate investment manager with UK office exposure and active pan-European investment platform. Overlaps with Evans Randall's German/European deal activity and Stuttgart asset (Königsbau Passagen).
• British Land: Large UK REIT with material central London office portfolio and development pipeline. Adjacent scale and submarket focus though materially larger and more institutionalised than Evans Randall.
• Schroder Real Estate: Real estate investment arm of Schroders managing UK and European commercial real estate strategies. Overlaps with Evans Randall on institutional-grade central London office mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EvansRandallInv
• LinkedInlinkedin.com/company/evans-randall-investors

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evans Randall Investors