Bolton-based Landmark Investments Group has swooped on Wainhomes to hire its new group finance director, Andrew Savage. He has spent the last 11 years as finance director at the Birchwood-headquartered housebuilder, prior to which he worked for Taylor Wimpey.
Landmark has built a reputation in ground rent investment, placing £185m of ground rent deals in solicitors’ hands in the year to September 2016. Savage takes up a newly created role intended to strengthen financial and management controls across the company’s various arms.
The role will also cover Landmark Development Solutions, a new offering being rolled out to residential developers. LDS will contractually underwrite entire housing schemes pre-construction and take a profit share from sales. At the end of construction and marketing, LDS will acquire any unsold units.
Mark Hawthorn, managing director of he group, said: “Andrew’s expertise will be invaluable as we take LDS forward, not just regionally but nationally. We believe we have a very strong offer to housebuilders, providing a whole new route to financing developments.”