Midlands commercial property developer, Rotherhill, has announced the appointment of experienced surveyor, Stuart Waite, to its management team.
Stuart joins Rotherhill from Commercial Property Partners based in Nottingham. A qualified Chartered Surveyor with thirteen years post qualification experience, Stuart has spent the last nine years as an industrial and logistics agent operating across the East Midlands, initially for Innes England in Derby and, more recently, seven years at CPP in Nottingham.
In his new role at Rotherhill, Stuart is responsible for identifying new development and investment opportunities within the industrial and logistics sector, as well as implementing asset management initiatives to deliver returns for investors.
Paul Bagshaw, Owner and Director of Rotherhill Developments, says: “We are keen to consolidate the company’s position and are looking to continue its growth. In appointing Stuart, I believe we are addressing those needs. Stuart’s experience and knowledge, will help us to identify prime sites of approximately 5-15 acres suitable for redevelopment as well as industrial buildings in need of improvement and modernisation.”
Stuart has significant experience within the Midlands industrial and logistics market, having acted for high-net-worth individuals, property companies, developers, private equity and institutional funds. Some key recent deals include the letting of a 77,000 sq. ft warehouse in Beeston, Nottingham to Argos for a last mile logistics facility, 102500 sq ft at Markham Vale, Chesterfield, let to Restore plc on behalf of a landed estates client and the letting of 70,000 sq ft distribution unit in Worksop to Royal Mail on behalf of a private equity fund having advised on acquiring the premises with vacant possession six months prior.
Of his appointment, Stuart comments: “I have developed a strong relationship with the Rotherhill team, having successfully acted for them in an advisory capacity on a number of projects during my time at CPP, so I know how they work and what it is they are looking for in the market. It will be my job to identify existing buildings and land where opportunities exist to add value through proactive asset management.
“Rotherhill is an agile investor and developer that has long term, robust relationships with its capital partners. This provides an opportunity to capitalise at a point in the cycle where access to debt is frustrated. The industrial and logistics sector, especially within the Midlands, still boasts incredibly strong fundamentals and this is an exciting time to be joining such a highly respected property company.”
