Cubex Land have announced the appointment of Peter Walford to the position of Managing Director. Peter, who steps up from his current role as Executive Director, co-founded Cubex 16 years ago.
Peter has been instrumental in Cubex’s success to date and will continue to lead the company with his wealth of experience and impressive track record in commercial property development where he has delivered over £500m of development.
This has included two of the largest ever Bristol deals both concluded in 2020 at Finzels Reach phase 2; the forward funding of Halo, a 116,000sq ft office development, and the adjacent two residential blocks at a combined price of c. £145m. Not only were these two deals large transactions for the Bristol market but they were also two of 2020’s largest UK regional deals. Peter led the sale of both.
Despite the unprecedented market conditions, Cubex remains very active and is seeking further opportunities in 2021 with a substantial war chest available to invest.
Peter Walford, Managing Director of Cubex, commented: “I am extremely proud of the high profile and hugely successful developments we have delivered across the region and look forward to driving the business forward in 2021 as we embark on a new chapter in the company’s evolution. Delivery of the final phases at Finzels Reach will be a rewarding time for Cubex and we have ambition and funds available to secure many more new development opportunities.”
Ray Palmer, Chairman of Fiera Real Estate UK and Cubex Land Ltd, commented: “Peter was one of the founding director shareholders of Cubex and in the many years I have known him he has always impressed me with his strong, calm leadership. He now leads a rejuvenated and enlarged team that is keen to build on the many success’s that they achieved last year. Peter’s promotion to Managing Director is extremely well deserved and I look forward to working with him during 2021 and beyond. Exciting times for Cubex!”