Bluestone looks to invest in UK commercial mortgage lending

01 December 2010

Written by Gavin Elley

Capital and asset management company Bluestone has said it is interested in investing in commercial mortgage portfolios in the UK.

Chairman of the firm Alistair Jeffery explained the firm believes there are currently a wide range of "attractive" opportunities for investment.

"In the UK, we are interested in the residential and commercial markets by either acquiring a portfolio of loans or investing in lending businesses and property investors," Mortgage Strategy quoted him as saying.

Australian firm Macqaurie Bank recently bought a 17.5 per cent stake in the company, which is part-owned by Crescent Capital, Barclays Bank and the Bank of Scotland.

Bluestone has had a UK office since 2009 and has said the acquisition of its shares will assist it in its plans to expand its British operations.

The company was established in 2000 and is manned by a team of around 100 people based in Australia, New Zealand and the UK.

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