The firm’s real estate assets under management reached £8.5bn in May this year after it was appointed to manage £2.4bn on behalf of parent company Lloyds Banking Groups’ insurance division.
The expansion of its real estate team is designed to ensure the resources are in place to cope with the increased AUM.
All five hires are as investment managers and the individuals bring a wealth of experience and real estate background to the table.
Veronica Gallo-Alvarez joined SWIP in June from Invista Real Estate Investment Management, where she ran the Clerical Medical Non Sterling With Profits property fund.
This fund was among those transferred by Lloyds Banking Group back in May and Gallo-Alvarez continues to manage it within SWIP.
Tom Elviss has joined from DTZ where he was a senior surveyor in the national investment team and is involved in the management of the Halifax Unit Linked Life fund.
Nicola Campbell started with SWIP in August and has 16 years’ experience in real estate, most recently with Hunter Property Fund Management. She is also involved in the running of the Clerical Medical Managed fund.
Elaine Hughes has joined from CB Richard Ellis and works on the SWIP Property Trust.
Finally, Oliver Lord has moved from F&C REIT Asset Management, where he was assistant fund mananger, to work on the Clerical Medical With Profits fund.
"The SWIP real estate team is one of the leaders in the European commercial property market. As we continue to grow, it is important that we resource our business appropriately so as not to impact our ability to identify and maximise opportunities for investors," said Malcolm Naish, SWIP’s director of real estate.
