Addington Capital appoints new asset management partner

David Dalrymple, Addington Capital.

Addington Capital, the property investment and asset management specialist has recruited David Dalrymple as a salaried partner focussing on asset management. Dalrymple joins from Columbia Threadneedle Property Investments where he was a senior asset manager specialising in the UK Real Estate Market.

David will be primarily responsible for looking after assets in the office sector.

At Columbia Threadneedle, David gained high levels of experience in all sectors of the market, namely offices, retail and industrial. He was Lead Asset Manager on the highly successful “UK Property Select Fund II”, a close ended private equity vehicle launched in 2013. Within this fund, he worked on transforming schemes such as Coda Studios (Fulham), Vantage London (Brentford), The Hat Factory (Camden) and Caldecotte Lake Business Park (Milton Keynes). He was also at the forefront of the flexible leasing evolution at CTI, developing a short form lease for the business.

Addington Capital was set up in 2010 by Martin Roberts and Matthew Allen as an independent asset management business and has an established platform in the office, retail and residential sectors. It acts as operating partner in a number of joint ventures to create value through active asset management.

David joins a team of 17 now at Addington. The business recruited Mike McGovern as new head of Development in March from Eastern and Oriental.

Commenting, Martin Roberts, Principal of Addington Capital said, “We are delighted to have attracted a professional of David’s calibre to our team. His knowledge of private equity vehicles as well as his market experience will be invaluable to us. Addington continues to find opportunities to enhance property values across our main sectors of office, retail and residential and we believe that opportunities will only increase in this period of changing markets.“