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Mark Cruddas

Henderson strengthens Retail Warehouse team with appointment of Mark Cruddas

Henderson Global Investor’s £12.5 billion Property Business has hired Mark Cruddas as a Senior Portfolio & Investment manager for its £1.1 billion UK Retail Warehouse Fund. Mark joins from Prupim where he worked for four years across a range of funds, with a specialism in retail assets. During his time at Prupim, he transacted over £400 million of investment deals. Prior to Prupim he worked at DTZ for 6 years in the Retail Investment team.

Henderson Global Investor’s £12.5 billion Property Business has hired Mark Cruddas as a Senior Portfolio & Investment manager for its £1.1 billion UK Retail Warehouse Fund. Mark joins from Prupim where he worked for four years across a range of funds, with a specialism in retail assets. During his time at Prupim, he transacted over £400 million of investment deals. Prior to Prupim he worked at DTZ for 6 years in the Retail Investment team.

Mark Cruddas commented: “I am delighted to join such a highly regarded team with a strong track record of outperformance. The assets within the Henderson UK Retail Warehouse Fund offer some great opportunities to enhance value and I look forward to driving these forward.”

Michael Neal, Fund Manager of the UK Retail Warehouse Fund said: “I am very pleased to announce Mark’s appointment to the business where he has already begun to integrate well. He brings with him a wealth of experience in both retail asset management and investment to further strengthen a team that continues to deliver strong relative performance in a challenging market”.

The Fund has recently concluded a series of asset management deals including a surrender of the Brantano unit at Kidderminster to accommodate a new letting to Boots; Pets at Home have taken a 10,000 sq ft unit at Derby and Wren Kitchens have exchanged contracts to take 9,500 sq ft at Staples Corner.

Michael Neal added: “Notwithstanding the uncertainties in the wider market, retailers still remain acquisitive for the right space. The Fund’s prime portfolio continues to attract operators of the highest calibre”.

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