Yahoo News Property group CEG appoints new managing director
Property group CEG has appointed a new managing director. Matt Farrell will manage and grow the company's 150-strong team, which works across offices in London, Leeds, Cornwall and Birmingham.
Mr Farrell was previously managing director of luxury real estate advisory firm Trophaeum. He has also worked as a real estate fund manager at Invista and an asset manager at Grosvenor.
CEG has a development pipeline of more than £2bn and £800m of assets under management. The firm has one of the largest office development pipelines in Bristol, including the EQ building, which was recently named the South West’s best office scheme by the British Council of Offices (BCO).
It also has schemes in Birmingham and last month struck a major deal with an advisory business for its Tricorn House office on Hagley Road.
Mr Farrell said: “CEG has a strong 35-year history of investment and value-add asset management, setting a benchmark for new regional office developments. Benefiting from a diverse portfolio, supported by a proactive strategic land team, there are many existing projects to bring to fruition. I’m also excited by the new capital we have to deploy, which comes at an opportunistic time in the market.”
Mr Farrell will work closely with Gerard Versteegh, chairman and founder, and Andrew Woods, who co-owns the business.
Mr Versteegh said: “Matt shares our vision for CEG and with his new ideas and energy he will pioneer new investment strategies. He will also support the team in progressing many exciting new developments, both within the new build and refurbished office sector we are known for, but also through the growth of our business space and strategic land portfolios.”
The CEG business has a focus on investment management, development and strategic land. The company has a pipeline of more than 10 million sq ft of business space.
