Miller Developments - General - Expansion in the UK and Mainland Europe

Date: 08 Dec 2005

Miller Developments has appointed Hunter Advisers to advise on the expansion of its investment business in the UK and mainland Europe.

Miller, which recently kick-started its €500 million investment drive in Europe with the acquisition of two German supermarket portfolios, is keen to take advantage of the current opportunities in these investment markets.

Hunter Advisers is a newly set up consultancy business run by David Hunter, a leading fund manager and former managing director of Arlington Property Investors. The company is Glasgow-based and will largely offer support to businesses contemplating launching property funds both in the UK and internationally.

Phil Miller, chief executive of Miller Developments, comments: "Miller Developments is committed to growing its investment business across Europe. I have known David for many years and have a high regard for his investment acumen. This appointment strengthens our capability and underlines our determination to expand our investment portfolio."

David Hunter, managing director of Hunter Advisers, comments: "We are looking to become involved with businesses which have the right ingredients to succeed both for investors and promoters, thus selectivity is crucial. We are therefore excited at the prospect of advising Miller Developments which has a proven track record in the industry and solid financial base. We look forward to building a successful relationship with the company."

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