London Central Portfolio (LCP) has announced the appointment of Andrew Weir as its new CEO.
Weir brings with him over 30 years of property sector experience to the real estate investment advisory.
He was involved with the setting up and growth management of Foxtons, taking it from private ownership to private equity and initial public offering.
He was then appointed managing director sales of Foxtons from 2014, where he managed 300 people and a £76m revenue portfolio, and later became chief sales officer at the group.
His new appointment was coordinated by real estate recruitment agent, Deverell Smith. Weir will be supported by Liam Monaghan, who was recently promoted to managing director at LCP.
Founder and current chief executive, Naomi Heaton, will become chairman of the LCP group. She will now concentrate on a new joint venture established with APG, the Dutch-based pension fund, launching a “new concept” in prime central London accommodation.
Heaton said: “Andrew 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.”
She added: “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 said: “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.”