Real Estate:Scotland, the new collective voice of the Scottish property industry, has announced its inaugural top team.
The new organisation is part of RE:UK, created from the merger of the Association of Real Estate Funds (AREF), British Property Federation (BPF), Scottish Property Federation (SPF), and the Investment Property Forum (IPF).
Cameron Stott, currently head of Scotland at global property advisors JLL becomes the firstr chair of Real Estate:Scotland, with Caroline Cuthbertson of Crosswind Developments as vice chair, and David Melhuish as director.
The merger of the trade groups, first reported by Daily Business last October, creates a single voice for the sector. It includes long term investors in all forms of real estate including offices, shopping centres, logistics and warehousing, hotels, modern build-to-rent residential developments and strategic land development sites.
The Scottish launch was held back until after the Scottish elections.
A key objective for the new body is to continue the work of its predecessors in arguing for policies that support a thriving industry which will drive economic growth and investment across Scotland, given that the sector directly employs some 40,000 people and is estimated to be worth about £5.3 billion in annual turnover.
Mr Stott said: “Together, as a sector working in partnership, we can deliver the housing Scotland desperately needs across all tenures; we can regenerate town centres and create vibrant urban communities; we can support the skilled workforce that builds Scotland’s future, and we can demonstrate that economic growth and social value are not competing objectives but complementary outcomes of strategic property investment.”
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