Legal & General Investment Management has expanded its Build to Rent team in the form of three new senior hires.
The firm says that it has brought in a new asset manager, construction manager and development manager to meet the needs of its ambitious plans for 2019, reporting that site acquisitions have already been identified and that it plans to have 6,000 homes in planning, development or operation by the end of next year.
Legal & General’s new senior asset manager Nisha Kerai arrives from Grainger, where she played an important role in the delivery and launch of over 3,000 BTR units.
Chartered construction manager Alex Sangway has been recruited from Berkeley Group Holdings, where he worked for nearly a decade, and Andrew Esam joins as development manager. Hailing from Upside London, he is a qualified chartered surveyor and will play a major part in defining and executing the future development of the firm’s BTR platform.
LGIM director of fund management Michael Barrie says: “Over the last three years since launch, our BTR fund has seen significant growth.
Through continued investment in talent, we are further widening the scope of our residential investment, development and management capabilities, as our ambitious plans for our BTR platform come to fruition.
“We are delighted to have brought Alex, Andrew and Nisha on board to diversify the teams’ skill-set, broadening our expertise ahead of future expansion.”