Kier Property Developments has hired a new offices director from Simon Halabi’s Buckingham Securities.
James Lambert has resigned from Buckingham, where he was development manager, to take over at Kier from Tom Gilman, who has moved back to his hometown Leeds to run his family property business GMI Rovinian.
Lambert said: “I’m very excited to be joining a company where the message is so clearly on growth and expansion.”
Lambert, who was previously at Benchmark and City & West End, joins following a busy start to 2005 for Kier.
It has bought the 100,000 sq ft Mannington Retail Park, Swindon, from Foreign & Colonial for £17m. Leases fall in next year, when Kier is planning a major redevelopment.
Kier has also bought the 100,000 sq ft 3.2 acre Carlton Luggage site in Enfield, which adjoins its existing trade counter scheme at Crown Road. The site will be cleared for a 100,000 sq ft development under Kier’s Trade City brand. It is believed to have paid £1.5m per acre.
New business executive Adam Coffer said: “We started the year as we mean to go on and are very acquisitive for the right development opportunities across the sectors.”
Kier has also secured 250,000 sq ft of prelets at its 72-acre Warth Park, Northampton, to Merloni Systems and Robert Wiseman Dairies and is close to agreeing another prelet of just under 100,000 sq ft.
References: EGi News 14/01/05
