Midlands commercial property developer and asset manager, Rotherhill Developments, has announced the promotion of Ed Jeffrey to Director.
In his new role as Director at Rotherhill, Ed will continue to source and deliver commercial opportunities, working closely with agents, landowners and building owners directly to secure new developments and investments, as well as implementing asset management initiatives across Rotherhill’s existing portfolio to deliver returns for investors. Additionally, he will be actively involved in the onboarding of new recruits to the business as the team continues to expand.
Ed Jeffrey says: “Over the last five years at Rotherhill, I have acquired and delivered a wide range of projects. The majority have focussed on repositioning existing assets, with and without income. They have involved back-to-frame and lighter touch refurbishments, changes of use and the release of land for delivering new build development, together with more typical investment asset management where tenants are in situ.”
Paul Bagshaw, Owner and Founder of Rotherhill Developments, says: “Ed’s promotion is a reflection of his hard work and dedication over the last five years. He has a strong track record of success. Since joining Rotherhill, he has overseen the delivery of a number of successful projects from acquisition to exit and continues to help expand our pipeline, with the business on track to acquire 5 new projects in the first half of 2024. We are actively engaged in plans to grow the company in terms of recruitment, increasing the pipeline activity and accelerating deals, with Ed’s promotion part of the overall business strategy.”
Speaking about current trends in the commercial property market, Ed says: “Whilst the occupational and investment markets are rebalancing, there remains a good level of activity in the small to ‘mid-box’ industrial sector, which is our key area of focus.”
“We are continuing to see good buying opportunities, with and without income, for well-located existing industrial units that are sub 75,000 sq ft, up to 30 years old and in need of refurbishment and improvement. At the smaller end of the market, the lack of new supply over the last 10 years, coupled with current development viability constraints, presents short term reversionary rental potential for standing stock ad a positive outlook for future growth in both rents and capital values.”
“To capture and maximise potential upside, landlords often need to spend to refurbish and reposition assets. We are fortunate that our relationships with our capital partners alongside our track record enables us to do so.”
For more information, visit www.rotherhill.com