Blackwater eyes UK property

Coming from a property family Gwyn-Jones has spent 25 years buying and selling real estate. His previous UK property venture, Gort UK, was sold in 2005 for £124 million.

Although Gwyn-Jones has been out of the British market for some time, he has now set up Blackwater to invest in prime UK property, mainly office and some selective retail. He likes coming in at the low point in the cycle, taking advantage of the current distressed yields and low prices.

"I am confident of the strategy, of the

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