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Gerald Parkes


Gerald has nearly 40 years experience in real estate and related sectors, having started his career in London in 1977. He has been investing on behalf of blue chip institutions throughout his career and has been instrumental in building cross-border investment and real estate corporate finance businesses in both the US and Europe. 


Prior to PCPe he was the Managing Director and Head of Real Estate Private Equity Europe for Lehman Brothers, building out the European platform both internally and by forming new operating platforms across Europe, ultimately managing approximately US$30 billion of gross assets. Prior roles include Chief Executive of Invesco Real Estate Limited (global partner of Amvescap), founder and CEO of Parkes and Company (which was sold to Invesco in 2001), Head of Investment Management Europe for Lend Lease and founding Partner and Head of Europe for The Yarmouth Group (which was sold to Lend Lease in 1993). From 1993 until 2003, Gerald had a mandate from Teachers Insurance Annuity Association, to develop and then execute its direct investment strategy in Europe.


Gerald has an MA in Land Economy from Cambridge University. He is a Governor of the Urban Land Institute and former Chair of ULI Europe. He is also the private sector member of the UK Government’s Property Star Chamber and an independent adviser to the Government Property Unit reporting to Cabinet.


Tel: +44 (0) 203 6174 761

Simon Foxley


Simon has been working across the European real estate markets for nearly 25 years. Before joining Gerald to form PCPe, Simon was a Managing Director at UBS Global Asset Management in London, where he was head of Luxembourg based, pan-European funds. He was the Fund Manager for UBS’ Euro Value Added Fund and the executive responsible for UBS’ Euro Core Fund. During his six years at UBS he was instrumental in building a continental European investment management business with over €4bn of assets under management. He joined UBS as one of the senior members of Lend Leases’ former European team, where he had been responsible for the development of Lend Lease’ first pan European fund.


Simon started his career in the UK in 1983 before moving to Paris in 1991 to join Bourdais, a leading French real estate consultancy which is now part of CBRE. In 1996 he moved to GE Capital Real Estate, still in Paris, as part of GE’s newly formed European acquisitions team. There he was involved with a series of major investments including the acquisition of several public and private real estate companies and non-performing loan portfolios. Following the acquisition of a Spanish real estate company, Simon moved with GE to Madrid where he opened an office for them, eventually becoming responsible for the whole of Southern Europe.


Simon is a member of the Royal Institution of Chartered Surveyors.


Tel: +44 (0) 203 6174 762



PCPe's principals have a long and successful track record investing across a multitude of strategies for leading institutional investors. This experience covers most European countries and sectors. In many cases, the mandates or funds included either the arrangement or securing of different parts of the capital structure.  A selection of different strategies and mandates undertaken is set out below.

Our investment track record spans over 40 years and exceeds USD$20bn of transactions on a global basis. We are proud of our achievements for investors which have demonstrated that local expertise, strong real estate skills, corporate finance experience and extensive industry contacts are all necessary in optimising returns. Some of our transactions are set out below.


PCPe’s principals have worked with a variety of institutions and companies to either restructure or deliver particular aspects of the capital structure in order to optimise returns. The focus has always been on the fundamentals of the underlying real estate and enhancing the sponsors ability to deliver the envisaged business plan.



PCPe’s principals have established several successful real estate platforms which have managed institutional capital and invested in a variety of strategies across Europe and the capital structure. Two examples of these platforms are set out below.


Property Capital Partners Europe


20 Berkeley Square

London W1J 6LH



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Our Firm
Our Team
Our Track Record



Property Capital Partners Europe (PCPe) is a partner owned, investment management and capital advisory business. It is focused on strategy and the provision of real estate capital solutions, both debt and equity, across the European market.





We deliver Real Estate Capital solutions. The founding partners have a long and successful track record of building real estate investment management and capital advisory businesses in Europe. As a consequence, we have deep industry relationships in both the property and capital markets. We achieve long term alignment of interest with our clients and partners through performance related, co-ownership compensation structures.





  • Developing solutions for a separate account investment mandate

  • Providing strategic advice and capital raising, at both project and corporate level, for a leading Czech and Polish real estate company

  • Advising and capital raising for a Spanish residential development business focused on Barcelona and Madrid

  • Co-development of and capital raising for a major, multi-use project in Finland 

  • Partnering with and raising first stage equity for an innovate, new, data led real estate platform aimed at bringing together Cities, their universities and relevant businesses

  • Private Sector Member of the UK Government’s Property Star Chamber advising on major government assets

  • Chair of the Executive Committee and a founding partner of the first UCITS’ liquid property vehicle, advising on strategy and additional products

  • Governor of the Urban Land Institute


Portfolio Companies

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