Yorkshire’s Caddick Group targets London market

Aaron Morby 1 year ago
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Yorkshire-based property and construction firm Caddick Group is opening a bigger London office as part of plans to expand the business.

Alistair Smith (left) and Charlie Adcock are on board to support development drive
Alistair Smith (left) and Charlie Adcock are on board to support development drive

The firm has also announced two recent senior appointments to help deliver a £5bn development pipeline and expand its presence in London and the South East.

Johnny Caddick of Caddick Group said: “Having recorded a successful 2019, we look forward to entering the new year with a growing team and with a new headquarters in London that will help drive our growth in the capital and South East.”

Caddick Group’s expansion follows a strong 2019, with the business reporting a record turnover in its latest annual results and also climbing 69 places in the Sunday Times Top Track 250, which includes Britain’s fastest-growing privately-owned firms.

Both new hires joined the group’s development arm, Caddick Developments, which specialises in city centre regeneration projects as well as big box and mid-box industrial/logistics schemes, and Moda Living, a leading build-to-rent developer and operator.

Charlie Adcock, previously of Summix Capital, a UK and Ireland fund focused on delivering housing, build-to-rent and student accommodation, has joined Caddick’s Moda Living private rental arm as acquisitions manager.

He is sourcing fresh opportunities in London and the South of England and will work from the newly-acquired office at 1 Heddon Street in central London.

Alistair Smith has joined Caddick Developments as associate director from Town Centre Securities.

He is now working on a variety of projects including the delivery of SOYO, a new neighbourhood in central Leeds, as well as City One, which will offer a mix of offices, retail, leisure and residential and help expand the city centre.

Smith will also assist on the delivery of Caddick Developments’ growing industrial and logistics pipeline.

Caddick Developments recently announced it would deliver a £50m 1.2m sq. ft. logistics facility for global investment manager AEW, which will be built by sister company Caddick Construction.

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