Matt Farrell, formerly at Invista, Grosvenor and Trophaeum Asset Management, has joined CEG as Managing Director, a new role in the company.
CEG, which has offices in Leeds, Birmingham and Cornwall, as well as London, recently secured a British Council of Office award for the quality of its Globe Point development in Leeds and is currently shortlisting a joint venture residential delivery partner on its Kirkstall Forge development.
Matt will manage and grow the 150-strong team at the property company, which has a development pipeline of more than £2bn and £800m of assets under management.
Farrell has extensive asset management, finance and asset repositioning expertise and leaves his Managing Director position at Trophaeum to join CEG. He said: “CEG has a strong 35-year history of investment and value-add asset management, setting a benchmark for new regional office developments.
“Benefiting from a diverse portfolio, supported by a proactive strategic land team, there are many existing projects to bring to fruition. I’m also excited by the new capital we have to deploy, which comes at an opportunistic time in the market.”
Farrell will work closely with Gerard Versteegh, chairman and founder, and Andrew Woods, who co-owns the business.
Gerard Versteegh explained: “Matt shares our vision for CEG and with his new ideas and energy he will pioneer new investment strategies. He will also support the team in progressing many exciting new developments, both within the new build and refurbished office sector we are known for, but also through the growth of our business space and strategic land portfolios.”
