Precede Capital Partners has appointed Nigel Webb to its board in the role of non-executive director. Webb (pictured) will also sit on Precede Capital’s credit and ESG committees.
Webb has spent three decades at British Land where he oversaw activities throughout the UK and Ireland across all sectors, including office, retail, residential and logistics.
Webb will assist Precede Capital’s specialist team as it continues to source, underwrite, structure, and manage large-scale loans to finance developments across the residential for sale, build-to-rent, later living and purpose-built student accommodation sectors.
Precede Capital said Webb will aid the team on “loan selection and portfolio management, ensuring effective risk management across the lifecycle of our loans”.
Webb added: “The UK construction market is contending with various headwinds, and our lending continues to play a crucial role in enabling the construction of new residential schemes that meet national demand for housing and bring social value to local communities.”
Precede Capital chief executive and co-founder Randeesh Sandhu said: “At a time of significant opportunity for non-bank lenders to play a vital role in funding and supporting UK real estate, Nigel’s impressive tenure at British Land and experience supporting landmark, ambitious developments in multiple asset classes will be a vital advantage for our team as we continue to scale our business.”
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