The Crown Estate has appointed Telford Homes’ new chief executive Anne Kavanagh to its board.
Kavanagh, who will start at the Trammell Crow-owned developer this month, was previously chief investment officer at Patrizia.
Cambridge University’s Clare Shine has also joined the Crown Estate board.
Kavanagh has an extensive track record in transforming and growing global businesses, working closely with investors and occupiers and driving diversity and sustainability. At Patrizia she was instrumental in the company’s growth to manage more than €55bn in real assets. She also sponsored its debut sustainable communities impact investment strategy, which launched with €125m of seed capital to invest in affordable and social housing across Europe.
She has also held leadership roles at AXA Real Assets, Lazard, Cambridge Place Investment Management and JLL, and is a trustee of the Urban Land Institute
Shine has worked across the world on sustainable development, organisational change and culture since 1990 and was appointed director and CEO of the University of Cambridge Institute for Sustainability Leadership in 2021. She is a UK-qualified barrister with 15 years’ experience working on cross-sector marine and coastal strategy and planning, climate change and biodiversity.
Robin Budenberg, chair of the Crown Estate, said: “I am delighted to welcome Anne and Clare to the Crown Estate board. Reflecting the diversity of our portfolio, they bring a wealth of experience and expertise across a range of sectors, from real estate, investment and sustainability to climate change, biodiversity and marine management. This will be invaluable as we seek to deliver our strategy, informed by our purpose to create lasting and shared prosperity for the nation, and make a real difference to some of social and environmental pressures facing society alongside generating a strong return to the public finances.”
Kavanagh said: “This is an exciting time to be joining the Crown Estate. I look forward to working alongside the board and the leadership team as it seeks to transform the business around a refreshed purpose and new strategy, drawing on the strength and resilience of its diverse portfolio.”
Shine added: “At this pivotal moment, the Crown Estate can play a unique role in accelerating the UK’s transition to a greener and more socially inclusive future, spanning offshore renewables to the regeneration of rural and urban places.”
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