Warehouse REIT, the AIM listed specialist warehouse investor, has announced that its external manager, Tilstone Partners Limited, has appointed Greg Lacey as Asset Manager, North West.
Effective immediately, Greg will be responsible for managing Warehouse REIT’s portfolio of urban warehouse assets in the region.
Greg will be based at Tilstone Partners’ regional headquarters in Chester and report directly to Investment Director Paul Makin. He joins from Commercial Estates Group (CEG), where he managed a significant proportion of its 1.3 million sq ft industrial, offices, retail, leisure and development portfolio in the North of England, implementing strategic asset management, property management and value-add initiatives.
Prior to CEG, Greg worked as an asset manager within Asda’s real estate team, across its retail, land and investment portfolio in the North West, Yorkshire & East Midlands.
Following Greg’s appointment, Tilstone Partners now has a 10-strong team of real estate professionals covering the UK, as it focuses on extracting value from its diversified warehouse portfolio through active asset management, whilst continuing the rapid deployment of proceeds from the successful April fund raise, supported by its experienced finance team.
Andrew Bird, Managing Director of Tilstone Partners Ltd, commented: “Greg brings in-depth sector knowledge to Warehouse REIT that will support us in identifying optimum investment and asset management opportunities in the North of England. He has a proven ability to improve income and value across diversified portfolios thanks to a strong network of local contacts and a ‘hands on’ approach to understanding occupiers’ business strategies.”
Greg Lacey added: “We continue to see strong occupier demand for well located, good quality logistics assets in the North West. I am excited to be joining the highly experienced Tilstone management team, leveraging my deep stakeholder relationships in the local market to support its ambitious growth plans.”