L+M has been launched with venture capital firm Hamilton Bradshaw Real Estate, set up by Faisal Butt and ex-Dragon’s Den dragon James Caan to invest in entrepreneurs with property-related businesses.
It is the firm’s sixth venture capital investment and it intends to invest over £10m over the next two to three years.
Entrepreneur and chairman at HBRE James Caan commented:“L+M fits our strategy of investing in exciting new property businesses that complement each other and bring something new to the platform.
“In Paul, Nigel and Geoff we have backed a vastly experienced team with a proven track record so I have every confidence that they will hit the ground running.”
Mr Daniels said the firm has already begun work on a number of high profile retail schemes.
“Many retail schemes were put on hold during the recession and now there’s a shortage of good stock that meets retailers’ requirements.
“At the same time, growth in online shopping is driving demand for different types of space as well as for more tesweettchnologically advanced property assets.
“We expect a substantial pipeline of shopping centre developments as well as upgrades to existing assets through extensions, refurbishments and new IT systems.”
L+M also intends to enter the luxury private residential, commercial, hotels and leisure sectors.