Andrew Gould the former UK Chief Executive of Jones Lang LaSalle and current Chairman of the UK Green Building Council has agreed to join Genr8 Developments. Simultaneously Genr8 confirmed that Martin Moore, former head of PruPIM (now M&G Real Estate) has joined its Advisory Board. Robert Burrow, Chief Executive of Chelsfield Partners LLP is also a member of the Advisory Board, chaired by John Early.
Genr8 was established by former AMEC Developments Chairman John Early with Mike Smith and Richard Ingham and its principals have delivered many of the UK’s largest and most successful city centre renewal and mixed-use urban redevelopment schemes.
Andrew was the lead commercial adviser on many major projects in London and other international cities over the last 20 years, including Greenwich Peninsula, Stratford and the Olympics legacy and he advised on the creation of the English Cities Fund – the first PPP investment vehicle in urban regeneration. Andrew led JLL in the UK from 2009 to 2013 and through its successful merger with King Sturge, making it the number one agent in the UK and Europe.
Genr8 is in the process of forming a pool of heavyweight institutional and private investors to undertake major urban development projects in UK cities. It currently has projects in excess of 1m sq ft underway.
The opportunities for successful investment in mixed use development and regeneration are more promising than for any time in the last 10 years. Funds are known to be seeking investment and development opportunities across Outer London and UK Regions as occupational markets tighten and core Central London assets look fully priced.
Andrew Gould commented, “This is a tremendously exciting move and a natural step from being an adviser on major projects and a business leader at JLL to becoming a principal investing and developing in UK cities. Sustainable development has always been my passion – now I can make it my business. Genr8 has a great reputation for design-led development and has a terrific track record. I believe we can make it the clear market leader. Funds and investors tell us that the timing is positive for them and we are seeing a strong flow of really interesting opportunities.”
John Early commented, “City renewal is an even more urgent priority than before the financial crisis. With Andrew coming on board and the support of people of the calibre of Martin and the investors we are in discussion with, we believe we can make Genr8 a major force in mixed use development and urban renewal.”