CBRE-owned build to rent housebuilder hires experienced real estate investment boss
London-focused housebuilder Telford Homes has said the investment boss of a German real estate firm will be its new chief executive following the departure of long-time CEO John Di-Stefano.
Anne Kavanagh, currently chief investment officer and board member at Patrizia, where she has overseen investments into 鈧�55bn (拢47bn) of real estate assets, will take up the top job at Telford from 25 July.
Her appointment follows Di-Stefano announcing his decision to step down from the 拢240m-turnover business late last year.
Kavanagh (pictured) has worked at Patrizia since 2017, prior to which she had senior jobs at AXA Real Assets, Lazard, Cambridge Place Investment Management and JLL.
Formerly listed housebuilder Telford, which focuses on build to rent developments in the capital, is now part of US developer Trammell Crow Company鈥檚 European operations, following in 2019. Trammell Crow Company is CBRE鈥檚 principle residential development subsidiary.
David Neuman, head of Trammell Crow Company鈥檚 European operations, said Kavanagh was the 鈥渋deal鈥� leader for the business, and had a 鈥渢ruly impressive track record鈥� in transforming and growing global businesses.
鈥淥ur vision is to continue delivering first-class sustainable build-to-rent homes throughout London and expanding our footprint geographically, using our unique ability to transform spaces into sustainable communities,鈥� he added.
Trammell Crow said it had $19.8bn (拢17bn) of projects in progress and $10.1bn (拢8.6bn) in its pipeline as of March this year and employs 700 people across the US and Europe.
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