31 Aug 2022

Cole Waterhouse has announced the appointment of David Nuttall as Managing Director of its industrial and logistics division.

Nuttall joins the company from Tritax Symmetry where he was Development Director for three and a half years. Prior to that, David was senior development manager at St. Modwen and has also held positions earlier in his career at surveyors Knight Frank and Nolan Redshaw.

The senior appointment finalises the restructuring of two distinct property sectors; industrial and logistics, and residential. In April 2021, Simon Gallanders was appointed as Managing Director of Cole Waterhouse’s residential arm that has grown to include over 2,000 apartments across Manchester, Birmingham and Leeds.

The logistics team, led by Nuttall, is developing more than 2 million sq ft of industrial space with a number of international joint venture partners. Working with funding partner Henderson Park, Cole Waterhouse is delivering Konect 62, a 136-acre tri-modal logistics development at the former Kellingley Colliery site in Yorkshire. At 735,000 sq ft, ‘Big K’ is the largest of four units in phase one and will be the North’s largest speculatively built warehouse to be delivered in 2022 and will be targeting a BREEAM Excellent rating.

In Newcastle-under-Lyme, in partnership with Peveril Securities and funded by Aver Property, Cole Waterhouse is developing Novus Point, a 330,000 sq ft speculative logistics development which is due to PC at the end of 2022.

Cole Waterhouse has also acquired a 15-acre development site adjacent to Salford’s AJ Bell Stadium and has submitted a planning application for 300,000 sq ft of logistics space across two units, measuring 170,000 sq ft and 130,000 sq ft, which will be delivered in 2023.

Speaking about David’s appointment Damian Flood, CEO of Cole Waterhouse, commented:

“The creation of this new position is a key part of our long-term business strategy and David joining our business further strengthens our growing team. With a strong pipeline of development projects already underway, David will be instrumental in helping to develop the business and unearth new opportunities for us moving forward.”

David continued:

“I have known the team at Cole Waterhouse for many years. They have already amassed an enviable range of schemes and the opportunity to lead the industrial and logistics division was something that I couldn’t turn down. Our focus will be on delivery and working hand in hand with our funding partners to secure end-users and maximise the value of these assets. We also have the appetite and backing for further projects, and we will be actively looking to add new opportunities across the UK.”

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