Cube Asset Management

Cube Asset Management specialises in commercial real estate in the UK and offers a complete real estate platform for investors.

With our strong networks, extensive expertise and personable, solutions-driven approach we deliver measured returns that meet the objectives and requirements of our capital partners.

Since inception in 2014 Cube Asset Management has built a demonstrable track record. The team was the exclusive asset manager for listed Atlantic Leaf Properties which successfully built a mixed-use UK commercial property portfolio of over £300 million. The fund architecture was built from the ground up including listing the company on the JSE and subsequently migrating it to The International Stock Exchange under a UK REIT structure.

£200m Equity Raised

£300m Acquisitions

£200m Debt Raised

>9% Distribution Yield

UK REIT status

Core Services

Cube Asset Management have extensive technical and practical experience and high governance standards. The team has a demonstrable track record in raising capital, identifying and executing on new opportunities, debt financing, tax and corporate structuring. The experience spans across all aspects of real estate to maximise shareholder value including actively managing and developing the portfolios.

Strategic Matters

Raising capital from investors and third-party financiers

Developing and fostering strategic relationships with shareholders and partners

Risk management

Business oversight and setting high governance standards

Strategic Matters

Finance Function

Implementation of corporate structures

Tax and regulatory framework management

Financial and accounting responsibilities, internal and external reporting to regulators and shareholders

Risk and compliance management

Debt financing

Finance Function

Portfolio Management

Identification and implementation of asset management initiatives

Oversight of property managers and third party consultants

Portfolio Management

Deal Execution

Investment identification (on and off market)

Facilitating all aspects of deal origination, selection and execution including legal, accounting, due diligence, tax and financing

Deal Execution

Investment identification (on and off market)

Facilitating all aspects of deal origination, selection and execution including legal, accounting, due diligence, tax and financing

Identification and implementation of asset management initiatives

Oversight of property managers and third party consultants

Implementation of corporate structures

Tax and regulatory framework management

Financial and accounting responsibilities, internal and external reporting to regulators and shareholders

Risk and compliance management

Debt financing

Raising capital from investors and third-party financiers

Developing and fostering strategic relationships with shareholders and partners

Risk management

Business oversight and setting high governance standards

Case Studies

Peterborough Office

In 2020 following the exit of a key tenant, Cube undertook the structural reconfiguration of part of a multi-let office in Peterborough to provide 100,000 sq ft of space

"WestPoint” is now established as the flagship office asset in its market having moved headline rents from £15psf to £20psf

The leases agreed were well above underwrite and captured competitive tension despite the headwinds of Covid.

Covid assisted as a catalyst affirming that if ‘best in class’ space is delivered, the motivation for tenants to move office is strong and a key market opportunity

See website

Booker Portfolio

In 2021 Cube negotiated with Booker to re-structure the portfolio of 26 cash and carry warehouse assets worth c.£120m

The restructure secured a capital uplift following removal of a break option, adjustment to the lease security and re-distribution of the rent across the assets along with a selective lease surrender and 6 rent review settlements

Further, Cube undertook a technical and theoretical analysis to underwrite a conversion to ‘last mile logistics facilities’ enhancing the value

This restructure and value underpin facilitated a future re-financing of the whole portfolio

Office & industrial asset management

Paul Leaf-Wright

Founder

Co-founder of Atlantic Leaf

Former director of BOE Bank Ltd

Founder of Leaf Capital (Pty) Ltd (2004)

40 years of experience in capital raising and advisory services for property funds and direct property investments.

Debt procurement & management

Shaun Fourie

Founder

Co-founder of Atlantic Leaf

Former head of Silver Leaf Property Fund

Former head of investment sales and acquisitions for Old Mutual Property Investments

15 years of experience in the financial and property sectors

Rupert Langdon

Investment Manager

Joined the team in 2020 with extensive experience in real estate investment and fund management

Held previous roles at DTRE as Investment agent, and more recently at Kingsbridge and Schroders.

Member of the Royal Institution of Chartered Surveyors

Over 15 years experience in the UK property sector

William Shortridge

Asset Manager

Joined the team in 2019

Previously held an acquisitions role with a London-based Propco and prior advisory roles with Hartnell Taylor Cook

Member of the Royal Institute of Chartered Surveyors since 2017 with over 9 years asset management experience

Catherine Goldsworthy

Head of Finance

Extensive experience in corporate finance and structuring, financial reporting and tax.

Held a senior finance role at Industrials REIT for 13 years. During that time the business evolved from a fund business (with assets under management in excess of £2bn) to a listed UK REIT specialising in the UK industrials sector. The company was acquired by a Blackstone fund in 2023.

Qualified chartered accountant (Deloitte 2006-2009)