London-based Kames Capital has appointed two new asset managers to it property management team following the launch of its property income fund last month.

London-based Kames Capital has appointed two new asset managers to its property management team following the launch of its property income fund last month.

Iain Corker joins on 6 May from DTZ’s retail asset management team, where he was a senior surveyor. He will work with Phil Bach and Helen Batten on the Active Value strategies.

Chris Munday will join on 9 June from Valad Europe, where he was a portfolio manager. He will work with Sarah Cockburn on the AUK fund.

The Kames Capital Property Income Fund was launched last month and is the company's first entry into the wider retail commercial property market.

Managed by David Wise and Alex Walker, it aims to pick assets outside of the prime London markets in the £2 million ($3.3 million) to £10 million price bracket and deliver an estimated yield of 6 per cent a year.

The fund will also invest in indirect property and equities including property companies, real estate investment trusts and specialist property funds as well as cash.

Kames currently has £53 billion under management and its foray into retail commercial property follows the launch of its Diversified Income Fund for institutional and retail investors earlier this year.