Tom Goodall will lead Related Argent from next May, when Argent’s staff, projects and assets are transferred over.
The current head of residential has been made managing director of Related Argent with immediate effect, as Argent’s joint managing partner Robert Evans announced he will step down.
Evans, who has been with Argent for 23 years, will remain a partner and chief executive of its King’s Cross development until the transfer on 1 May 2024. Nick Searl will continue as the managing partner of Argent until the business transfer.
The changes come as the Argent business prepares to transfer its employees, projects and assets to Related Argent, which has been operating in parallel since 2015. Going forward, the business will operate solely under the Related Argent name.
Current partners Searl, André Gibbs, Morwenna Hall and Mike Lightbound will all become executive directors, and David Partridge will continue as the Related Argent chair.
Goodall said: “It is an honour to be offered the opportunity to lead the Related Argent business and I look forward to working with my 200 talented colleagues who are delivering some of the best projects in the UK. Our current pipeline is just the start of the Related Argent journey as we aspire to grow the business with new projects both inside and outside of London. Together with Nick Searl and my other partners, over the coming year we will be focused on preparing ourselves to become one company in May 2024.”
Searl added: ”I firstly want to congratulate Tom Goodall on his new role as managing director of Related Argent. Our future is in good hands, and I will be working with Tom and my other colleagues to take forward Related Argent as the next evolution of this great business. I also want to thank Robert Evans for everything he has done over the past three years working closely with me as joint managing partner. He has been instrumental to the success of our business and our projects over many years.”
The fully integrated business will have a pipeline of more than 12m sq ft with a GDV of more than £9bn.
The leadership team will continue to work closely with Ken Wong, co-founder of Related Argent and chief operating officer of Related Companies.
Wong said: “When we established Related Argent, combining the best of Argent and Related, it was our shared objective that this new company would be the future of the business. Related Argent brings a compelling and unmatched offer to the UK market. We believe that announcing these succession plans well ahead of their implementation creates the right platform for the future leadership to succeed, and for the business to flourish. I would like to congratulate Tom Goodall on his new position as managing director of Related Argent and thank Robert Evans and Nick Searl and the partners for their leadership.”
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