Millionaire entrepreneur Anil Pitalia (pictured) has hired former JLL North West chairman David Lathwood to head a new development and investment vehicle.
Lathwood, who left JLL in January last year after 34 years at the agency, will lead Pitalia Real Estate.
The fund will target medium-to-large sustainable assets across a range of sectors. Further details were not disclosed.
Lathwood said Pitalia “intends to be extremely active in the market over the next few years”.
“We will be flexible in our approach, not blinkered by sector preferences and we will take meaningful risks to create value. Above all, we want assets that we buy and develop to be regarded as best in class.
“Since the 1980s, I have enjoyed great relationships in the market and I am looking forward to renewing old friendships. We already have evolving partnerships with people that we have known for a very long time, whose judgment we trust and whose friendship we value.
“We hope to develop new relationships with like-minded partners over the coming months. It has been a long time since I have felt this enthused about the property business.”
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