CTP, the Manchester-based property developer and investor, owned by David Topham, Guy Illingworth, John Whiteside and Development Securities, have announced a corporate restructure that includes creation of a new company, Northpoint Developments.
David Topham will continue to deliver property development and development management services as CTP.
Guy Illingworth and John Whiteside have launched Northpoint Developments, which will deliver CTP's legacy schemes as well as sourcing new opportunities. The restructure will also see Development Securities take a substantial shareholding in Northpoint Developments. Guy Illingworth and John Whiteside will lead the company with Illingworth as managing director, Whiteside as finance director and Steve Banks leading project management.
Northpoint Developments, also based in Manchester, will focus on real estate opportunities in the North of England, primarily retail-led development opportunities and regeneration projects.
David Topham will deliver a range of projects he previously led: 100,000 sq ft office in Sheffield; a 250-acre mixed-use site in Northwich; Pacific Quay in Glasgow; and a development management role at Development Securities' site, Granary Wharf in Leeds.
Northpoint Developments' portfolio includes Tower Wharf, Chester; Luneside East Lancaster; St Pauls Place, Sheffield; Forthside Stirling; and Waterfront Wakefield.