Telford Homes has appointed Charlie Weatherill as capital markets director on the executive committee.
He will be responsible for securing funding partners for Telford’s build-to-rent pipeline as it seeks to substantially expand following its acquisition by CBRE’s Trammell Crow Company.
Weatherill will join the developer in September. He leaves Savills, where he was a founding director of the operational capital markets team. In his 10 years at Savills, he completed more than 70 deals with a value exceeding £6.4bn, including £550m for Telford Homes.
Telford already has existing three-year BTR forward funding partnerships with M&G and Invesco. Following its £267.4m acquisition by CBRE’s Trammell Crow Company which completed in October 2019, it is seeking forward funding commitments and acquisitions with co-investment from Telford.
In an interview last year, CBRE’s global chief for real estate investments Danny Queenan said growth would likely focus on London, with a potential to expand to offer a full-service management platform for investors.
Telford has since ramped up development, with the agreement to deliver Rotherhithe Gas Works in a joint venture with SGN, which has potential for 4,500 new homes, almost doubling its 4,900-home development pipeline.
Weatherill said: “[Telford Homes’] credentials within the UK’s build-to-rent sector, coupled with their corporate philosophy and ambition to grow as part of Trammell Crow Company, are exceptionally exciting.”
Jon Di-Stefano, chief executive at Telford Homes, said: “His existing relationships and understanding of the financial underwriting of build-to-rent developments will be invaluable as we seek to work alongside an expanding list of new and established investors.”
Savills was not able to confirm whether it has appointed anyone to take over Weatherill’s responsibilities or if it will be hiring.
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