IDI Gazeley’s development director, Hugh Chesterton, has resigned.
He has already left the sheds firm and is expected to start a new role at developer and asset manager Canmoor following three months of gardening leave.
The company has a 12m sq ft portfolio in the UK and its partners include Blackrock, M&G and LaSalle Investment Management.
Chesterton joined Gazeley from Quadrant Estates in 2011 as development director. At the time Gazeley was undergoing a management restructure following the departure of then managing director Nick Redwood.
Chesterton’s departure comes only a few months after executive director Nigel Godfrey left the business at the end of last year. It continues to be headed by chief executive Pat McGillycuddy.
Brookfield bought Gazeley – the world’s oldest specialist sheds developer – from Dubai World subsidiary EZW in 2013 and merged it with US platform Industrial Developments International to form IDI Gazeley.
The global platform has a $3.6bn (£2.4bn) portfolio of operational and development assets in nine countries.
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