London Central Portfolio, appoints former Foxtons chief as new Chief Executive
London Central Portfolio has appointed Andrew Weir, as its new Chief Executive. Weir has over 30 years of experience in the property sector, having been involved from the early stages of setting up Foxtons to managing its growth and creating one of the best known brands in the industry, taking it from private ownership to private equity and initial public offering.
He held the position of Managing Director Sales from 2014, managing 300 people and a GBP76 mliion-plus revenue portfolio, subsequently becoming Chief Sales Officer at Foxtons. The appointment by LCP was coordinated by real estate recruitment agent, Deverell Smith. Andrew will be supported by Liam Monaghan, recently promoted to Managing Director at LCP, having joined in 2013.
Naomi Heaton, founder and current Chief Executive, will become Chairman of the LCP Group of Companies. She will concentrate on the new joint venture established with APG, the Dutch-based pension fund, launching a new concept in prime central London accommodation. The JV has already acquired its first asset, the Harrington Hall Hotel in South Kensington.
Heaton says: “I am delighted that Andrew has taken on the role of Chief Executive at London Central Portfolio. He has unparalleled experience within the prime central London residential market, having been involved in the development of the Foxtons brand from its early days, through to private equity ownership and IPO. His experience spanning new business growth, team building and brand development will be an invaluable asset to LCP. I am looking forward to Andrew making a huge contribution to the growth, development and client service delivery of LCP, particularly at a time when the market faces unique challenges and opportunities. This will be a step change for the company, allowing me to focus on other areas of business development.”
Weir says: “I am enormously excited to be joining such a well-regarded firm as LCP, which has established an enviable reputation in the prime central London market, due to its exceptional buying expertise and industry knowledge. LCP has impressed me so much with its professionalism and dedication to service. I am really looking forward to using my experience gained during a 30 year tenure at Foxtons to help build the brand further and increase its market share. It is an honour to be taking the role on from Naomi Heaton, whose entrepreneurial and seasoned leadership has taken the company so far. I look forward to taking it on to the next stage of its development and guiding it through the uncharted territories that 2020 will undoubtedly bring.”