Gadsden moves on to Orchard Street

Former Invista director Philip Gadsden is joining Orchard Street Investment Management next month as the independent fund manager’s seventh partner.

Gadsden will join Orchard Street’s investment committee and work with the other partners on management of existing client work and future strategy.

Gadsden: veteran of JLL and Invista is to be Orchard Street's seventh partner
Gadsden: veteran of JLL and Invista is to be Orchard Street’s seventh partner

He worked at Jones Lang LaSalle for 20 years before founding Gatehouse Investment Management with Duncan Owen in 2001.

They sold that business to Insight in 2003 and in 2006 Insight’s real estate business was separated and listed independently on AIM as Invista Real Estate Investment Management.

Gadsden was finance director and chief operating officer during the flotation and was later appointed as deputy chief executive officer.

When Invista was broken up in 2011-2012, Gadsden was a consultant until its takeover by Palmer Capital Partners last summer and remained a consultant to Palmer.

Orchard Street chairman Chris Bartram said Gadsden brought “experience and skills in wide-ranging investment matters that add to our capabilities considerably”.

The firm’s mandates include managing the Railways pension fund’s £1.5bn property portfolio; wealth manager St James’s Place UK Property Fund and its SJP APUT; a £300m BBC pension fund UK property portfolio; and Special Situations, a higher-risk, leveraged fund for GIC.