By Scott Wright

THE property developer behind plans to transform the old City of Glasgow College building into Grade A offices has set up a new investment management company.

Directors at Osborne + Co have set up the venture to take over the management of the firm’s development and investment portfolio, which also includes plans for a residential development on Glasgow’s Lancefield Quay, close to the SSE Hydro, and the regeneration of Belfast Waterside.

Osborne + Co Investment Management will be led by co-founder Conor Osborne and director Rajesh Budhrani, who have been joined by Rishi Khurana, formerly of Sidra Capital.

Based in London, their goal is to co-invest in development opportunities with high net worth individuals, family offices, pension funds and other sophisticated investors. It will initially focus on “value add acquisitions and development opportunities across the UK”, though the first deal it completed was the acquisition of a ten-acre site in Dublin’s Sandyford.

Conor Osborne, director and head of investment, said: “We are incredibly excited to have established OCIM, building on what has been a period of significant investment across the UK for our sister company Osborne + Co.

“We have been working diligently behind the scenes on new transactions with a number of private investors and family offices and we expect to close these in the coming weeks.

“We are working on raising a significant amount of third party capital and while we are all currently experiencing a period of uncertainty, we believe investors are not just seeking but preparing for a period when markets return to a degree of normality in the UK and further afield”.

Osborne announced its arrival on the Glasgow in early 2018 when it unveiled plans to build a 280,000 square foot office block at a previously-contested location on Argyle Street.

The site has been acquired by US banking giant JP Morgan for its new base Glasgow.