Fred Verity Joins from JLL
London, May 24th 2019, Addington, the investment and asset management specialist has recruited Fred Verity as an asset manager to join its residential asset management team.
Fred joins Addington from JLL where he has worked in the firm’s residential advisory business, in its Affordable Housing Team since 2016. This has included advising on viability studies and valuations for land owners, developers and investors on how to optimise and generate value through their relationship within the affordable housing sector. Prior to that he worked in JLL’s Residential capital markets team.
Fred joins a growing residential team at Addington. In addition to offering development and asset management in the sector, the Addington founders have set up a sister company, AddLiving , an independent management and lettings platform to service the growing PRS/BTR sector in the UK. Erdal Kacar joined as head of operations last summer and AddLiving now boasts a team of 12.
Addington, with its partners, has acquired around 2,200 houses and apartments across the UK since 2012. In October last year it acquired, with Europa Capital, a £55 million portfolio of 202 residential properties in London acquired from clients of Allsops). And in February it gained planning approval for a residential development in Leeds City Centre for 100 apartments. (See notes below for other residential experience)
Commenting, Martin Roberts, Principal at Addington said, “Addington has continued to find opportunities in the residential market, which we have capitalised on with our investor partners, whether in buying schemes, managing existing assets or creating new opportunities for residential development on mixed-use sites. Fred is a strong addition to the team and we warmly welcome him to the business.”
