Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Triple Point Expands Property Development Finance Team with Senior Hires
Triple Point has announced four senior appointments to its property development finance team, with new hires across both origination and portfolio management. The investment manager stated that these appointments are intended to help scale its platform and support long-term growth.
The new hires in the origination team include Richard Nowell and Michael Thompson. Richard Nowell joins as an origination director, bringing over 30 years of experience in residential development finance from RBS and Secure Trust Bank, where he was a founding member of the real estate finance division. Michael Thompson also joins as an origination director, with senior real estate experience from Falco Capital, Barclays, and Lloyds Bank, covering senior, mezzanine, and equity financing across multiple asset classes.
In the portfolio management team, Jason Maher joins as associate director from Hampshire Trust Bank, bringing over 35 years of experience in property and real estate finance. Alastair Partridge joins as portfolio manager from Shawbrook Bank, with 30 years of experience in development finance, real estate investment finance, and business banking.
These appointments follow the previously announced roles of Victoria Baily as head of property portfolio and Phil Bird as head of origination.
Triple Point said that these hires reflect a deliberate investment in capability at a key point in the cycle, aiming to enhance support for developers and strengthen the platform for long-term growth.
These developments may be of interest to UK letting agents and inventory clerks monitoring changes in property finance and development, as they could signal increased activity and opportunities in the residential property sector.
Source: Mortgage Solutions