Calthorpe Estates has chosen Mark Lee to be its new chief executive.
Mr Lee will take on the new role from September 1 in succession to Richard Allen, who will be retiring.
He joined Calthorpe Estates in 2008 as chief financial officer following a career in business and finance in London and the Midlands.
In the new role he takes on the responsibility of the overall management of the Calthorpe Estate, which is one of the UK’s largest urban estates.
Mr Lee said: “I am excited to be taking over the leadership of this unique Estate at a time when there is a high level of new development taking shape. Pebble Mill Birmingham is moving forward as a specialised medical campus, we have substantial retirement housing schemes underway, and the Morrisons scheme will have a positive impact on the regeneration of the commercial heart of Edgbaston when it completes this Autumn. We will continue the sustainable regeneration of the Calthorpe Estate to maintain and enhance it as one of the best locations in the UK.”
Mr Allen added: “I am delighted Mark has been appointed. His knowledge and expertise will mean there is strong continuity, while I know Mark will take the business forward.”