Thu, 15/11/2012 - 16:01
Benson Elliot Capital Management, the UK-based private equity real estate fund manager, has appointed Peter Cornforth as director of retail operations.
With over 25 years of experience as a manager, operating partner and consultant in the real estate investment industry, Cornforth has directed the acquisition, refurbishment, leasing and disposition of major retail schemes across the UK.
Cornforth is particularly accomplished in repositioning centres in response to emerging retail trends and evolving consumer preferences, both of which are increasingly driving local market dynamics.
One of Cornforth’s key roles will be to lead the asset management and repositioning of the Arcadia retail portfolio in Ealing, London (pictured), upon its completion, working alongside Benson Elliot partner and UK head Phil Irons. Benson Elliot recently exchanged contracts to acquire the Arcadia assets from Ireland’s National Asset Management Agency (NAMA).
Trish Barrigan, senior partner at Benson Elliot, says: “Peter has extensive retail experience and a proven track record in the sector. His appointment underlines our commitment to recruiting highly skilled individuals to support our growth and deepen our internal expertise. Success in defining and executing operational strategies will be decisive in delivering superior investment performance during the coming years and, in that regard, we expect Peter to make a significant contribution to the Benson Elliot team.”
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