Former New West End Company chief executive Jace Tyrrell will return to the UK to become chief executive of public-private partnership Opportunity London.
The appointment comes as the partnership, set up by the NLA and London & Partners to win investment for the capital, sets out plans to focus on more than £100bn of investment opportunities across real estate, regeneration, infrastructure and energy.
The partnership is also planning to prepare a single investment prospectus for London.
Tyrrell is chief executive of the New Sydney Waterfront Company, Australia’s first BID. Before that, he spent six years as chief executive of London’s New West End Company.
During his tenure, multi-million-pound upgrades of Bond Street and Hanover Square Gardens were completed, and a further £5bn capital injection secured for a five-year period from 2022.
Tyrrell will return to London to take up his new role from 1 November this year.
Mayor of London Sadiq Khan said: “London is a diverse and dynamic hub for innovation, fizzing with talent, creativity and potential. Opportunity London has a vital role to play in promoting and helping secure much-needed capital investment right across our great city as we work to build a better London for everyone.”
Tyrrell said: “From the Elizabeth Line to the Olympic Park, King’s Cross to Wembley Park, the City cluster to Canary Wharf, Barking Riverside to Battersea Power Station – inward investment has unlocked transformational change in London in the last two decades.
“The focus must now be on attracting the next wave of investment and in a way which continues to benefit London’s boroughs and communities. In energy, we need new green infrastructure, EV charging and a huge retrofitting agenda to bring buildings up to modern standards of environmental performance. In real estate, there remain opportunities across the mix, from housing to life sciences, logistics to film and TV production. And we must continue to develop the city’s transport infrastructure, digital communications and waste management.
“Opportunity London will pull all of these opportunities together into a London investment prospectus to broker and guide global capital.”
Elizabeth Campbell, leader of the Royal Borough of Kensington & Chelsea and vice chair of London Councils, said: “The London Councils delegation represents all sides of the political spectrum and all parts of the capital. We share the same aspirations for our city and its people. Our city has so many opportunities, from housing to the way in which we transition to net zero city by 2030.
“Opportunity London is the first time London’s political and business leadership have come together to truly speak with one voice and advocate for our great city and its people.”
Policy chairman of the City of London Corporation Chris Hayward said: “Jace Tyrrell is a highly respected and dynamic individual and the City Corporation greatly welcomes his appointment as chief executive.
“London remains a leading destination in which to invest, and Opportunity London will continue to play an important role in promoting the City’s needs and guiding investors towards the opportunities that are right for them.
“The Square Mile has always played a global role as a financial hub, and we are proud to be core player in this public-private partnership that builds on London’s strengths, not just as a place of business, but also a world-leading, seven-day-a-week leisure destination for all to enjoy.”
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