As part of ME Developments strategy to deliver £400m of new homes over the next 36 months, the Surrey-based residential developer has announced the formation of an Advisory Board and the appointment of a Non-Executive Chairman.
Bashir Ahmad, CEO of Halkin Investments, becomes ME Developments Non-Executive Chairman.
ME Developments has plans to expand across the Home Counties and outskirts of London, benefitting from a buoyant residential property market. This market activity has increased the availability of innovative funding available from institutions and international investors who recognise the opportunity in the UK’s residential property sector.
The company has plans to build over 1,000 houses and apartments over the next three years.
ME Developments is a vertically integrated developer with in-house construction, planning and design teams and its chain of estate agencies, all of whom will facilitate the expansion plans.
As part of the company’s plans, it has formed a separate division, ‘ME City’, seeking to embark on a series of 200+ unit urban regeneration schemes working in tandem with landowners, shopping centre operators and local authorities. ME City will embark on a plan to revive and bring life back to high streets by combining commercial, residential, and leisure uses.
Simon Marshall, Co-founder and CEO of ME Developments commented:
“I am delighted His Excellency and Lord Lamont have joined us on our advisory board and that Bashir has accepted the role of Non-Executive Chairman of the board. As we expand, their experience and guidance will be fundamental to our success and help us achieve our 1,000 homes in 36 months target. Beyond that, we are committed to making ME Developments one of the UK’s leading residential developers contributing positively to the UK economy and creating jobs.”
Gerry Waters, Co-founder and COO of ME Developments, added:
“We continue to build high quality homes across London and the Home Counties that meet the demands of expanding families and the demographic shifts brought on by Covid-19. With considerable opportunities ahead of us to build even more homes, we are delighted to now be working with an Advisory Board of such esteemed individuals who, along with Bashir, can ensure we achieve our aspirations and beyond”.
Bashir Ahmad, Non-Executive Chairman, said:
“ME Developments is a tremendously exciting company. They have the skills and drive to become leaders in their field, and I am delighted to be part of the team to deliver much-needed housing across London and the Home Counties. I will be working with ME management team to take the company to the next level and create value for its clients, investors, staff and shareholders. I am very excited to be part of such an enthusiastic group of people!
His Excellency Shaukat Aziz and Lord Lamont commented…
“It is clear the UK has a desperate need for housing, and we are delighted to advise ME Developments as they strive to deliver homes where supply remains limited. The company’s executives are committed to delivering high-quality homes, and we are looking forward to aiding and advising them on their journey.”