07 Sep 2017

Octopus Property boosts commercial lending team

We’re delighted to announce the appointments of Nick Westoby and James Nunn to the role of Fund Manager within the commercial team. With a combined 26 years’ experience working in the real estate finance sector, Nick and James will be responsible for supporting the growth of our commercial lending portfolio, managing both institutional and retail capital on behalf of Octopus Group. 

Both qualified Chartered Surveyors, Nick joins from Hatfield Philips International, where he was Senior VP responsible for managing a £650 million loan book and underwriting £5.5bn of pan-European portfolios. James was previously an Associate at D2 Private, responsible for investment management and business development of a £300m pan-European property investment fund.  

These most recent senior appointments demonstrate our continued growth ambition and commitment to the commercial property sector, following the successful deployment of our first institutionally raised Commercial Real Estate Debt Fund (CREDF) over the last three years. 

Other significant recent hires include Nick McAuliffe as Chief Operating Officer, Holly Harvey as Head of Marketing and Matt Foley as a Credit Manager in the Residential Development team.

Mario Berti, CEO of Octopus Property, said:

“This is an exciting time for the company, and with the support of the wider Octopus Group, we look forward to further cementing our position as a market leader in the provision of specialist finance.”

Since launching in February 2009, we’ve seen significant headcount growth and achieved impressive loan book growth, completing over £2.6 billion of lending across 2,500 loans. We lend across the commercial, residential and development markets.

I strongly believe in building a team which has direct experience as investors and developers, rather than pure banking. We want people who genuinely understand real estate and as a consequence, can make more informed decisions. In this way, we are a business that can look at every deal on its merits and empathise with our clients.
Ludo Mackenzie
Head of Commercial Property, Octopus Property