Grosvenor Britain & Ireland has appointed Richard Powell as executive director of Grosvenor Developments, where he will deliver development schemes outside Grosvenor’s London estate worth £1.6 billion. His appointment follows the announcement earlier this year that Craig McWilliam will become executive director of the London estate from 11th November.
Richard Powell has extensive experience in promoting and developing large mixed use urban schemes, most recently at Capital & Counties Properties PLC, as director of planning & development for Earls Court. Prior to Capital & Counties he was with Lend Lease, where he was director of urban communities and he is an active member of the Mayor of London’s Design Advisory Group and the New London Architecture Sounding Board.
Peter Vernon, CEO, Grosvenor Britain & Ireland commenting on the appointment, said: “I’m delighted that Richard will be joining Grosvenor Britain & Ireland. This is an exciting time for Grosvenor Developments, with the potential to provide 3000 new homes across our schemes outside the London estate and Richard’s wealth of expertise in mixed-use urban projects will be integral to their successful delivery and in identifying new, value-adding opportunities for the business.”
Grosvenor Britain & Ireland’s development programme outside the London estate is focused on residential-led place making schemes. Examples include Parkside Place, Trumpington Meadows and the Abbey Stadium in Cambridge; Springside, Edinburgh; the housing-led joint venture development with Oxford City Council at Barton and residential joint ventures at Chelsea Manor Street, Campden Hill and Neo Bankside in central London.
Richard will report to Peter Vernon, CEO, Grosvenor Britain & Ireland and will sit on the Grosvenor Britain & Ireland Board.
For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor Britain & Ireland aims to create value through our skills in placemaking anddesign, repositioning locations in ways that change customer perceptions and deliver results for our stakeholders. The core portfolio comprises 300 acres of Mayfair and Belgravia in London, which first came into the Grosvenor family in 1677. Ownership and active management of its London estate remains at the heart of Grosvenor Britain & Ireland’s strategy. Investment assets comprise the largest part of its portfolio. Grosvenor Britain & Ireland also undertakes development across London, and in selected city centres around the UK. As at 31 December 2012, Grosvenor Britain & Ireland had assets under management of £4.8bn.