Savills promotes two to run investment team

Savills directors Peter Mallinder and Oliver Foster have been promoted to joint head of investment at the company's Manchester office on Fountain Street.

The move follows the promotion of Mark Ridley, the previous head of office and investment, to chairman of Savills Commercial at the start of this year.

Mallinder and Foster have worked in the Manchester investment team for 12 and 11 years respectively.

Recent deals the pair advised on include the acquisition and subsequent sale of Central 12 Retail Park in Southport, the acquisition of No 1 Balloon Street in Manchester and the acquisition and sale of Cavendish Retail Park in Liverpool. Key clients include ING, Standard Life, Morley, Stockland Halladale, Lanebridge, Kenmore and Modus.

Established in June 1996 the Manchester office now employs 135 people with an annual turnover of £16m.

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