UK - Schroders has completed its new property transactions team with the two new hires.
Richard Buxton, formerly of the Prudential, will focus on retail transactions, whilst Crispin Gandy, who joined Schroders from Knight Frank in September 2002, will deal with business space transactions.
The team, led by executive director Joe Froud, is responsible for both sales and purchases for the Schroder Exempt Property Unit Trust, the Schroder Emerging Retail Property Unit Trust and the Gresham Property Partners Limited Partnership.
Commenting on the appointments, Froud said: “Due to the growth in property under management we now have the scale to run a team dedicated to property transactions.
“The new team will focus upon deal flow, leaving the fund managers to concentrate upon maximising the value of the existing portfolios.”
The team will initially concentrate on higher yielding shopping centres and parades as well as multi-let, short leased and vacant industrials, added Froud.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.