Shawbrook bolsters development finance team with new hires

Shawbrook has expanded its development finance team with three new hires, in a bid to enhance its support for property developers.

Shawbrook appointed Philip Kirkwood as senior relationship director, responsible for originating new deals and building a portfolio of developers and housebuilders across the South East of England, including London.

Kirkwood has over 25 years’ experience in the sector, and was one of the founding members of Shawbrook’s development finance team in 2016, rejoining the specialist lender following a stint at United Trust Bank.

Greg Pescott and Tom Edmunds were appointed as relationship directors, overseeing the South West and Wales, and the Midlands regions, respectively.

Prescott and Edmunds will focus on delivering bespoke funding packages to support developers from the planning stages to the sale of their development projects.

Terry Woodley, managing director, development finance at Shawbrook, said: “We recently surpassed £2bn in lending which makes it an exciting time for the development finance team.

“We’re delighted to be expanding the team with some fantastic new hires; it’s great to see Philip return to Shawbrook to be part of the journey, and I look forward to working alongside Greg and Tom as we continue to expand our regional teams across the UK.

“The diverse experience of all our new hires will be fundamental in growing our exposure and strengthening our support for developers, with bespoke funding for their projects.”