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Telford Homes has appointed a veteran of the build-to-rent sector as its new chief executive.
The developer announced that Anne Kavanagh has joined as chief executive to replace Jon Di-Stefano, who has served as head of the company since 2011.
Ms Kavanagh will take up the new position on 25 July and joins from Patrizia, the Germany-based global real estate asset manager.
At Patrizia, she served as a main board member and chief investment officer.
During her time, the asset manager grew to manage more than £46bn (€55bn) in real estate assets.
Before joining Patrizia in 2017, she held leadership roles at AXA Real Assets, Lazard, Cambridge Place Investment Management and JLL.
Ms Kavanagh is also a trustee of the Urban Land Institute and sits on the organisation’s global board. She serves on the advisory board of the University of Cambridge’s degree in real estate finance.
Mr Di-Stefano announced his intention to step down from Telford Homes late last year.
Telford Homes has a project pipeline valued at over £3bn and employs 300 staff members. The house builder is part of the Trammell Crow Company, which was founded in 1948 and has approximately £55bn worth of real estate globally.
“With one of the most impressive track records in sustainability among UK house builders, Telford Homes is a trailblazer in London’s multi-family build-to-rent developer sector,” Ms Kavanagh said.
“I look forward to leading a great company with a strong pipeline of projects, with an ambitious and motivated team and the backing of Trammell Crow Company.”
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