Birmingham headquartered Nurton Developments has recruited a new financial director, Rob Bayliss, to help manage its expanding portfolio.
Formerly at Birmingham Properties Group (BPG), Rob’s appointment will enable the current financial director, Paul Bradshaw, to take a wider and more strategic role within the Bradshaw Family’s property vehicle as chief executive officer, with responsibilities across all operational and commercial areas.
Nurton Developments is best known in Birmingham for investing and adding value to landmark office buildings in the city such as the 300,000 sq ft Two Colmore Square and Cannon, which it sold for £95 million. Its current assets in the city include 4 Temple Row, 11 Waterloo Street, Newater House on Newhall Street and the landmark, Trigate House on the Hagley Road.
David Bradshaw, group managing director commented: “Paul has done a great job at FD, however we have evolved enormously over the past two to three years as a group and his role and experience has become so extensive, it made sense to utilise his skills on a more strategic, top level role.
“Paul has helped charter us through the acquisition of industrial and warehouse developer, Equation Properties Limited and the growth of our strategic land division on the back of the progress made on Branston Locks, one of the Midlands’ first urban extensions and a sustainable mixed-use community delivering some 2000 new homes.
Bradshaw added: “Our activities are now more diverse, often working in joint ventures and extending into new real estate sectors for Nurton, so we felt it important to future-proof the business and ensure we have the resilience at senior management level to continue to move forward and realise our ambitions as a property company.”
Bayliss brings to the business extensive experience in the real estate industry, having recently been involved in a number of high-profile mixed-use deals and investments in the city at BPG. He has also worked with leading industrial developer, Roxhill Developments (acquired by Segro) and accountants Grant Thornton.
Rob Baylis added “I’m looking forward to working with Nurton, who as a family business has evolved enormously and had the financial strength to move swiftly and gain firm positions in a number of growth sectors.
“Their recent acquisition of Equation Properties was at exactly the right time to take advantage of huge demand in the logistics sector and I’m looking forward to working with them to increase their potential and secure strategic positions on land for future investment and development opportunities.”
Nurton Developments has offices at Waterloo Street and has been established in Birmingham for over 30 years.