Royal London Asset Management (RLAM) today announces the appointment of Paul Nicholson as Senior Asset Manager to its property team.
In his new role, Paul will be responsible for managing the retail warehouse and leisure properties within RLAM’s property portfolios, alongside helping the business to achieve its responsible property investment strategies. These strategies include working in partnership with retailers to identify ways to improve Energy Performance Certificates and implementing carbon and energy saving initiatives (1). Paul will report into Michael Lawrence, Head of Retail.
Paul has significant experience in the real estate industry and a career spanning over fourteen years. He joins from Orchard Street Investment Management, where he was an asset manager working on a £1.2bn retail portfolio. Prior to this, Paul was an associate director in the UK retail team at Savills, a commercial real estate services and investment firm and a leasing director at British Land, one of the UK’s largest real estate investment trusts.
Commenting, Michael Lawrence, Head of Retail at RLAM, said:
“I’m delighted to welcome Paul to Royal London Asset Management. RLAM are a significant investor in the retail warehouse market with a first class portfolio of assets and Paul’s knowledge will help shape and drive RLAM’s strategy for the sector. Paul will be a welcome addition to an experienced team which manages more than £2bn of retail assets. His appointment is great news for our investors.”
Commenting, Paul Nicholson said:
"I am excited to be joining RLAM at such a crucial time for the business, as it expands and builds on the strengths of its property platform. I’m looking forward to working with my new colleagues and to help the team continue to add value for investors of our funds."
RLAM’s property team currently has £9.4bn of assets under management, across 245 assets.
Notes to editors:
(1) These initiatives will focus on LED lighting (replacing halogens with LEDs across RLAM’s retail parks and industrial estate) and delivering a direct renewables strategy in conjunction with EV Charging Points and Battery Storage across RLAM’s retail parks and logistics.