Estate agency MyLondonHome has closed its investment arm following the departure of build-to-rent veteran Richard Berridge.
Berridge was appointed last July to head up MLH Investments, with a mandate to build a team with a focus on acquisitions and disposals of investments, developments, land and new homes in London.
He has 40 years of experience in the residential sphere, including five years at Residential Land. During his time at MLH he focused on building strategic relationships with build-to-rent developers and operators to drive long-term investments.
Berridge has now left the company to pursue BTR investments, with a particular interest in sustainable, environmentally friendly housing developments. He is currently exploring a number of ventures in this space.
He said: “The BTR sector is supposed to be forward-looking. We should be focusing on environmental, social and governance priorities.
“We’ve got housing issues and we’ve got environmental issues. If you address both of these things at the same time, not only are you creating a great investment, you are creating a green investment.”
MLH will not replace this position, instead opting to focus on its core estate agency business and short-term revenue gains.
MLH chief executive Steven Herd said: “Our residential sales and our new homes sales divisions are performing ahead of expectation. We have really grabbed market share and we are outperforming so many of our competitors.
“We intend to continue focusing on our successes, and grow our area of operation for residential sales and new homes throughout central London.”
MyLondonHome was founded by Herd in 2002. It expanded to take on letting and property management functions with the appointment of Andrew Griffith in 2005. MLH went on to sell this part of the business in 2018 to Nick Dunning Associates.
To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette
