SEGRO will have a new London business unit director after Phil Redding’s promotion.
Redding has been made Chief Investment Officer, a national position, in a management restructure, and will now be responsible for determining and implementing Segro’s investment strategy. This will involve overseeing capital allocation across the business and will include managing acquisitions and disposals. All of SEGRO’s local investment professionals will report to Phil to ensure a consistent and coherent approach is taken across the Group.
Commenting on the appointment, SEGRO Chief Executive David Sleath said: “Phil has played a vital role in two of the major transactions which have helped shape our existing portfolio – our takeover of Brixton in 2009, and the acquisition of our share of the Airport Property Partnership in 2010. He is well connected in the real estate investment community and will bring a structured and disciplined approach to the Group’s allocation of capital.”
SEGRO’s Greater London business unit will now be led by David Bridges.