Last updated on September 11th, 2023 at 09:39 am
Sandyford is pleased to announce the appointment of David Carter, ex Managing Partner of Caisson Investment Management, as Chairman of the group. Part of David’s remit will include the strategic expansion of the group’s property portfolio over the next five years.
David, a LSBU and Cambridge graduate, qualified at DTZ and worked within the investment and property finance teams at Drivas Jonas before moving to the client side in his mid-twenties.
During his twelve years at the US/Australian investment house, Babcock & Brown,he helped establish and grow the UK real estate team into a broad-based group covering PFI/PPP, development and investment. He eventually became a Managing Director and shareholder within the firm; completing over £3.0bn of transactions and in the process achieving an overall geared IRR for investors of over 30.0%.
In late 2008 he left Babcock & Brown to become a founding partner of Caisson Investment Management, an industrial focused UK property investment management group. As Managing Partner of the firm for twelve years he oversaw c.£900m of transactions in the multi-let industrial space with the firm achieving an average ungeared return for investors of nearly 18.0%.
“David has been providing strategic advice to the group, and his appointment as Chairman is a natural progression of this input. David brings a wealth of experience to the firm, which has already helped increase the group’s embedded value. Sandyford has an ambition to materially grow its assets over the coming years and I’m pleased David has agreed to take up this role and help achieve this goal” said Paul Brindley, Managing Director of the Sandyford Property Group.
“It’s a pleasure working with Paul and the Sandyford team, and I’m delighted to take up this post. Since last year Paul and I have been calmly putting in place a strategic plan for the group to expand its asset base significantly over the next five to seven years. This year we have begun taking on new staff members for this expansion and they are already making positive and valuable contributions to this initiative. I am excited to be involved and look forward to growing the company.” commented David Carter.