Fund and asset manager Thriving Investments has appointed Ed Crockett as fund manager of its £260 million New Avenue Living platform to support continued growth across Scotland and Manchester.
New Avenue Living is the firm’s essential worker housing strategy, delivering affordable homes through partnerships with government, local authorities and developers.
Ed will oversee the expanding Scottish portfolio and take responsibility for the Manchester fund, supporting planning, partnerships and delivery in the region.
He brings more than 20 years’ experience in real estate capital markets, having led UK residential and commercial fund strategies at Europa, Savills UK and Aberdeen.
During his time at Aberdeen, he helped grow the residential investment platform to more than £1.25 billion in assets under management.
Ed said: “Thriving Investments’ focus on long-term value creation and measurable social impact closely reflects my own investment philosophy.
“Through New Avenue Living, we are unlocking regeneration and accelerating the delivery of much-needed homes for essential workers who are too often priced out of the markets they serve.
“The team has built a strong track record of delivering homes that respond to real need, and I look forward to building on this progress – driving the next phase of growth, while delivering sustainable investment outcomes and creating lasting benefits for communities, partners, and investors.”
Thriving Investments has delivered or manages more than 5000 homes across its living platforms and is targeting 20,000 homes by 2030.
Cath Webster, chief executive at Thriving Investments, added: “Ed brings extensive experience across UK real estate capital markets at a time when the need for affordable housing has never been greater.
“His expertise and values-led approach will strengthen New Avenue Living and help us continue delivering homes that make a real difference for essential workers and the communities they serve.
“We look forward to the insight and leadership he will bring as we continue to deliver strong investment performance, make a meaningful social impact for communities, and play our part in addressing the UK housing crisis.”
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