FIRETHORNTRUST HIRES PAUL MARTIN AS DEVELOPMENT DIRECTOR

Paul joins FirethornTrust as Development Director with 20+ years of experience working in development, real estate and construction. Paul was previously a Founding Partner at Ridgelift and has also worked at Aspire, Capita and WSP in a range of positions that encompass the complete development lifecycle.

“Chris Webb, Co-Founding Partner at FirethornTrust said “The addition of Paul to the team is a fundamental part of continuing to build our internal skill set. Paul’s technical and construction experience allows us to deliver and execute more complex projects across many sectors and we’re looking forward to further growth on this side of the business.”  

CANARY WHARF BTR PLANS GATHER PACE

“CANARY WHARF CONTINUES TO MAKE THE ESTATE A MULTI-USE PLACE TO WORK, LIVE AND STAY”

Not content with creating one of London’s most high-profile commercial districts, Canary Wharf Group (CWG) is now making its first forays into residential property.

This includes a significant amount of build-to-rent (BTR) stock, which will be managed by the group’s BTR arm, Vertus.

The flagship asset in Vertus’s portfolio is Newfoundland – a 60-storey, 636-apartment tower with a distinctive ‘diagrid’ design, which is set to be completed in the second quarter of 2020 and will be the UK’s largest BTR tower.

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ACQUISITION OF QUAY HOUSE, CANARY WHARF

FIRETHORNTRUST AND ROCKWELL PROPERTY ANNOUNCE £26M EAST LONDON ACQUISITION

FirethornTrust and development partner Rockwell Property have announced the off-market acquisition of Quay House, at South Quay in Canary Wharf, for £26 million.

The 0.47-acre site is currently home to a 1,870 sq m office building and is located 300 metres from Canary Wharf Underground Station, in a prime waterfront position at the heart of London’s financial district.

This is FirethornTrust’s first deal after officially launching in September with backing from two US family offices. The Stephens and Van Tuyl family offices will invest an initial £200m in UK real estate with further equity commitments to follow. For Rockwell, Quay House represents its fifth major project in London with a combined development value of over £2bn. This acquisition marks the first partnership between the two companies.

Together, FirethornTrust and Rockwell Property will now explore options to maximise the potential of the site.

Donal Mulryan, Founder of Rockwell Property said, “This is an important acquisition for Rockwell as we look to expand our development capabilities in London. This site provides a fantastic opportunity to deliver an inspiring development that complements some of the excellent schemes in the surrounding area. Like Rockwell, FirethornTrust has a talented and ambitious team with a vision for inspiring and world-class development making this partnership incredibly exciting.”

Peter Mather, Partner at Firethorn Trust, said: “South Quay is a highly desirable part of London and is a perfect first acquisition for FirethornTrust as we look to build a long-term and diverse portfolio. Having worked closely with Rockwell to finalise the purchase of the site we are excited to move forward with our partnership to make the most of this site’s fantastic location and potential.”

ENDS

FIRETHORNTRUST HIRES DAN GREEN AS INVESTMENT ASSOCIATE

Dan joins FirethornTrust as an Investment Associate, having previously held roles at EQT and Tristan Capital Partners.  Dan has over five years of real estate investment and asset management experience with a key focus on the UK market.

Pete Mather, Co-Founding Partner at FirethornTrust said “We are delighted that Dan has decided to join FirethornTrust.  Having worked with him in our previous roles, we know the level of experience, enthusiasm and the market contacts Dan will bring with him.  His in-depth knowledge of the UK market will be invaluable as we build our real estate portfolio.”

FIRETHORNTRUST HIRES RICHARD WHITBY AS CHIEF FINANCIAL OFFICER

Richard joins FirethornTrust with a wealth of experience in real estate audit, finance and operations.  

Chris Webb, Co-Founding Partner at FirethornTrust said “Having formed the business earlier this year, the senior management team recognised the need for an experienced CFO to help to guide us as we grow and move forward.  Richard has worked with the senior management team for over six years and we are excited about what he will bring to the team.”