Rotherhill makes a new appointment to the management team

Midlands commercial property developer Rotherhill has appointed experienced surveyor Stuart Waite to its management team.

Stuart joins Rotherhill from Commercial Property Partners based in Nottingham. A qualified Chartered Surveyor with thirteen years post qualification experience, Stuart has spent the last nine years as an industrial and logistics agent operating in the East Midlands, initially for Innes England in Derby and more recently seven years with CPP in Nottingham.

In his new role at Rotherhill, Stuart is responsible for identifying new development and investment opportunities in the industrial and logistics sector, as well as implementing asset management initiatives to deliver returns for investors.

Paul Bagshaw, owner and director of Rotherhill Developments, says: “We are keen to strengthen the company’s position and look to continue its growth. In appointing Stuart, I believe we are addressing these needs.

“Stuart’s experience and knowledge will help us identify prime sites of approximately 5-15 acres suitable for redevelopment, as well as industrial buildings in need of improvement and modernization.”

Stuart has significant experience in the industrial and logistics market in the Midlands, acting for high net worth individuals, property companies, developers, private equity and institutional funds.

Some recent key transactions include the lease of a 77,000 sq ft warehouse in Beeston, Nottingham to Argos for a last mile logistics facility, 102,500 sq ft at Markham Vale, Chesterfield, let to Restore plc on behalf of a real estate client and the lease of a 70,000 sq ft distribution facility in Worksop to Royal Mail on behalf of a private equity fund which advised on the purchase of the freehold premises six months prior.

Commenting on his appointment, Stuart says: “I have developed a strong relationship with the Rotherhill team, having successfully acted for them as an adviser on a number of projects during my time at CPP, so I know how they work and what they are all about. search in the market. My job will be to identify existing buildings and land where there are opportunities to add value through proactive asset management.

“Rotherhill is an agile investor and developer that has strong and long-term relationships with its equity partners. This provides an opportunity to capitalize at a time in the cycle when access to debt is frustrated. The industrial and logistics sector, particularly in the Midlands, still boasts incredibly strong fundamentals and this is an exciting time to join such a well-respected real estate company.”